Tractor Supply (NASDAQ:TSCO) Shares Bought by Atria Investments LLC

Atria Investments LLC lifted its stake in shares of Tractor Supply (NASDAQ:TSCOGet Rating) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,433 shares of the specialty retailer’s stock after acquiring an additional 908 shares during the quarter. Atria Investments LLC’s holdings in Tractor Supply were worth $5,830,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. James Investment Research Inc. boosted its position in shares of Tractor Supply by 423.3% in the fourth quarter. James Investment Research Inc. now owns 12,909 shares of the specialty retailer’s stock worth $3,080,000 after buying an additional 10,442 shares during the period. Morgan Stanley boosted its position in shares of Tractor Supply by 31.0% in the third quarter. Morgan Stanley now owns 1,016,695 shares of the specialty retailer’s stock worth $205,992,000 after buying an additional 240,696 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Tractor Supply by 5.4% in the third quarter. Asset Management One Co. Ltd. now owns 61,958 shares of the specialty retailer’s stock worth $12,553,000 after buying an additional 3,151 shares during the period. Empirical Finance LLC boosted its position in shares of Tractor Supply by 34.6% in the fourth quarter. Empirical Finance LLC now owns 2,003 shares of the specialty retailer’s stock worth $478,000 after buying an additional 515 shares during the period. Finally, Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Tractor Supply in the fourth quarter worth $29,000. 84.26% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on TSCO shares. Truist Financial started coverage on Tractor Supply in a research report on Thursday, January 13th. They issued a “buy” rating and a $270.00 target price for the company. Wells Fargo & Company increased their price objective on Tractor Supply from $230.00 to $265.00 in a report on Wednesday, January 5th. Argus upgraded Tractor Supply from a “hold” rating to a “buy” rating and set a $255.00 price objective for the company in a report on Thursday, December 30th. Citigroup upgraded Tractor Supply from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $230.00 to $240.00 in a report on Friday, January 28th. Finally, DA Davidson increased their price objective on Tractor Supply from $216.00 to $232.00 and gave the stock a “neutral” rating in a report on Thursday, December 30th. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $231.91.

TSCO stock opened at $228.23 on Monday. Tractor Supply has a twelve month low of $170.82 and a twelve month high of $241.54. The company has a market cap of $25.60 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.49 and a beta of 0.98. The business’s 50-day simple moving average is $223.16 and its 200 day simple moving average is $220.90. The company has a quick ratio of 0.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.51.

Tractor Supply (NASDAQ:TSCOGet Rating) last released its earnings results on Thursday, January 27th. The specialty retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.09. Tractor Supply had a return on equity of 50.77% and a net margin of 7.83%. The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period last year, the business earned $1.64 earnings per share. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, equities research analysts anticipate that Tractor Supply will post 9.38 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 8th. Investors of record on Monday, February 21st were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Thursday, February 17th. This is an increase from Tractor Supply’s previous quarterly dividend of $0.52. This represents a $3.68 dividend on an annualized basis and a yield of 1.61%. Tractor Supply’s dividend payout ratio (DPR) is 42.69%.

In other Tractor Supply news, CEO Harry A. Lawton III sold 20,049 shares of Tractor Supply stock in a transaction that occurred on Thursday, February 10th. The stock was sold at an average price of $222.35, for a total transaction of $4,457,895.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Colin Yankee sold 6,659 shares of Tractor Supply stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $217.64, for a total value of $1,449,264.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,031 shares of company stock worth $6,416,873. 0.23% of the stock is owned by company insiders.

Tractor Supply Company Profile (Get Rating)

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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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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