HB Wealth Management LLC Has $461,000 Position in Tractor Supply (NASDAQ:TSCO)

HB Wealth Management LLC grew its holdings in Tractor Supply (NASDAQ:TSCO) by 9.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,760 shares of the specialty retailer’s stock after purchasing an additional 159 shares during the quarter. HB Wealth Management LLC’s holdings in Tractor Supply were worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wedmont Private Capital boosted its holdings in shares of Tractor Supply by 3.6% during the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock worth $331,000 after buying an additional 45 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Tractor Supply by 998.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 109,403 shares of the specialty retailer’s stock worth $23,525,000 after purchasing an additional 99,441 shares during the period. Scotia Capital Inc. increased its stake in Tractor Supply by 792.9% in the fourth quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock valued at $4,180,000 after purchasing an additional 17,261 shares in the last quarter. WCM Investment Management LLC acquired a new position in shares of Tractor Supply during the fourth quarter valued at about $782,000. Finally, Vanguard Group Inc. boosted its position in shares of Tractor Supply by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after purchasing an additional 48,439 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on TSCO. Raymond James boosted their target price on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Barclays increased their target price on Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Benchmark restated a “buy” rating and set a $256.00 price target on shares of Tractor Supply in a research note on Monday, April 22nd. Evercore ISI dropped their target price on Tractor Supply from $295.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company lifted their price target on Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply has an average rating of “Hold” and an average target price of $253.96.

Tractor Supply Price Performance

Shares of NASDAQ TSCO traded up $1.20 during midday trading on Friday, hitting $262.85. 519,725 shares of the company’s stock were exchanged, compared to its average volume of 1,151,691. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The business’s fifty day moving average price is $275.40 and its two-hundred day moving average price is $251.43. The company has a market cap of $28.34 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 3.41 and a beta of 0.81. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, research analysts forecast that Tractor Supply will post 10.34 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were given a dividend of $1.10 per share. The ex-dividend date was Friday, May 24th. This represents a $4.40 annualized dividend and a dividend yield of 1.67%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.