Lifestyle Asset Management Inc. trimmed its holdings in Tractor Supply (NASDAQ:TSCO – Free Report) by 9.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,394 shares of the specialty retailer’s stock after selling 447 shares during the period. Lifestyle Asset Management Inc.’s holdings in Tractor Supply were worth $1,150,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in TSCO. Citizens National Bank Trust Department raised its position in shares of Tractor Supply by 0.5% during the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock valued at $2,086,000 after acquiring an additional 45 shares in the last quarter. Wedmont Private Capital grew its stake in 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 during the last quarter. Wahed Invest LLC grew its stake in Tractor Supply by 2.8% during the 4th quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer’s stock worth $383,000 after buying an additional 49 shares during the last quarter. Fidelis Capital Partners LLC grew its stake in Tractor Supply by 5.0% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock worth $240,000 after buying an additional 53 shares during the last quarter. Finally, 180 Wealth Advisors LLC grew its stake in Tractor Supply by 0.6% during the 1st quarter. 180 Wealth Advisors LLC now owns 9,197 shares of the specialty retailer’s stock worth $2,407,000 after buying an additional 53 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.
Tractor Supply Trading Down 1.6 %
Shares of NASDAQ TSCO traded down $4.38 during mid-day trading on Wednesday, hitting $261.65. 766,338 shares of the company traded hands, compared to its average volume of 1,156,668. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $290.38. The stock has a market capitalization of $28.21 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 3.51 and a beta of 0.81. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average of $275.47 and a two-hundred day moving average of $251.36.
Tractor Supply Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.68%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio is currently 42.84%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Evercore ISI lowered their price objective on Tractor Supply from $295.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday. TD Cowen upped their price objective on Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Raymond James upped their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Benchmark reissued a “buy” rating and issued a $256.00 price target on shares of Tractor Supply in a research note on Monday, April 22nd. Finally, Robert W. Baird increased their price target on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $253.96.
View Our Latest Stock Analysis on TSCO
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.
Read More
- Five stocks we like better than Tractor Supply
- How to Effectively Use the MarketBeat Ratings Screener
- AbbVie Stock: A Perfect Dip for Investors to Buy
- How to Buy Cheap Stocks Step by Step
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
- Where to Find Earnings Call Transcripts
- GitLab Stock Rebounds: The Inside Story of Its Comeback
Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply (NASDAQ:TSCO – Free Report).
Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.