Axxcess Wealth Management LLC Sells 113 Shares of Tractor Supply (NASDAQ:TSCO)

Axxcess Wealth Management LLC lowered its stake in shares of Tractor Supply (NASDAQ:TSCO) by 1.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,523 shares of the specialty retailer’s stock after selling 113 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Tractor Supply were worth $2,754,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TSCO. Wedmont Private Capital boosted its position in shares of Tractor Supply by 3.6% during the first quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock valued at $331,000 after buying an additional 45 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Tractor Supply by 998.2% during the 4th 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 acquiring an additional 99,441 shares during the last quarter. Scotia Capital Inc. boosted its holdings in Tractor Supply by 792.9% during the 4th quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock valued at $4,180,000 after acquiring an additional 17,261 shares during the period. WCM Investment Management LLC purchased a new position in Tractor Supply during the 4th quarter valued at $782,000. Finally, Vanguard Group Inc. grew its position in Tractor Supply by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock valued at $2,753,432,000 after acquiring an additional 48,439 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSCO. Piper Sandler lifted their target price on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Robert W. Baird lifted their price objective on shares of Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 26th. TD Cowen upped their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Barclays lifted their price target on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Finally, Wells Fargo & Company increased their price objective on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $256.58.

Tractor Supply Stock Up 2.0 %

TSCO traded up $5.08 during trading on Friday, hitting $262.52. The stock had a trading volume of 965,416 shares, compared to its average volume of 1,154,903. The stock has a 50 day simple moving average of $273.95 and a two-hundred day simple moving average of $256.96. The company has a market capitalization of $28.30 billion, a PE ratio of 25.95, a PEG ratio of 3.42 and a beta of 0.81. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, missing the consensus estimate of $3.94 by ($0.01). The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.83 earnings per share. On average, research analysts predict that Tractor Supply will post 10.33 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Friday, May 24th. Tractor Supply’s payout ratio is 42.84%.

Tractor Supply 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.