Cetera Advisors LLC trimmed its position in Tractor Supply (NASDAQ:TSCO – Free Report) by 43.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,795 shares of the specialty retailer’s stock after selling 5,290 shares during the quarter. Cetera Advisors LLC’s holdings in Tractor Supply were worth $1,502,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the stock. Penobscot Investment Management Company Inc. increased its position in Tractor Supply by 15.9% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 10,698 shares of the specialty retailer’s stock valued at $2,365,000 after purchasing an additional 1,465 shares during the period. Cetera Advisor Networks LLC grew its position in shares of Tractor Supply by 6.4% in the 2nd quarter. Cetera Advisor Networks LLC now owns 18,721 shares of the specialty retailer’s stock worth $4,139,000 after buying an additional 1,133 shares during the period. Cetera Investment Advisers grew its position in shares of Tractor Supply by 7.0% in the 2nd quarter. Cetera Investment Advisers now owns 10,436 shares of the specialty retailer’s stock worth $2,307,000 after buying an additional 680 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Tractor Supply by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,023,506 shares of the specialty retailer’s stock worth $226,284,000 after buying an additional 32,267 shares during the period. Finally, Spire Wealth Management grew its position in shares of Tractor Supply by 251.5% in the 2nd quarter. Spire Wealth Management now owns 16,357 shares of the specialty retailer’s stock worth $3,616,000 after buying an additional 11,703 shares during the period. 90.38% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have recently weighed in on TSCO. Benchmark reaffirmed a “buy” rating and issued a $256.00 target price on shares of Tractor Supply in a research report on Monday, July 24th. DA Davidson raised shares of Tractor Supply from a “neutral” rating to a “buy” rating and upped their target price for the stock from $250.00 to $280.00 in a research report on Thursday, September 28th. Wedbush reduced their target price on shares of Tractor Supply from $240.00 to $230.00 and set a “neutral” rating on the stock in a research report on Friday, July 28th. Piper Sandler dropped their price target on shares of Tractor Supply from $262.00 to $256.00 and set an “overweight” rating on the stock in a research note on Friday, July 28th. Finally, Gordon Haskett cut shares of Tractor Supply from a “buy” rating to an “accumulate” rating and set a $215.00 price target on the stock. in a research note on Wednesday, September 27th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply presently has an average rating of “Moderate Buy” and an average price target of $234.42.
Tractor Supply Stock Down 0.9 %
Shares of TSCO opened at $200.71 on Tuesday. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $251.17. The company has a market cap of $21.70 billion, a PE ratio of 19.60, a P/E/G ratio of 2.94 and a beta of 0.85. The business has a fifty day moving average of $202.34 and a 200 day moving average of $213.94. The company has a quick ratio of 0.30, a current ratio of 1.52 and a debt-to-equity ratio of 0.83.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its earnings results on Thursday, October 26th. The specialty retailer reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.06. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.46 billion. Tractor Supply had a return on equity of 55.43% and a net margin of 7.58%. On average, sell-side analysts expect that Tractor Supply will post 10.04 EPS for the current year.
Tractor Supply Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, November 27th will be paid a dividend of $1.03 per share. The ex-dividend date is Friday, November 24th. This represents a $4.12 annualized dividend and a dividend yield of 2.05%. Tractor Supply’s dividend payout ratio is currently 40.23%.
About Tractor Supply
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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