CapWealth Advisors LLC Has $11.60 Million Holdings in Tractor Supply (NASDAQ:TSCO)

CapWealth Advisors LLC grew its holdings in Tractor Supply (NASDAQ:TSCO) by 14.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 44,306 shares of the specialty retailer’s stock after acquiring an additional 5,514 shares during the period. CapWealth Advisors LLC’s holdings in Tractor Supply were worth $11,596,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in Tractor Supply by 14.8% during the third quarter. AQR Capital Management LLC now owns 25,162 shares of the specialty retailer’s stock worth $5,109,000 after acquiring an additional 3,251 shares during the last quarter. Scotia Capital Inc. increased its stake in shares of Tractor Supply by 2.5% during the third quarter. Scotia Capital Inc. now owns 2,177 shares of the specialty retailer’s stock worth $442,000 after purchasing an additional 54 shares during the period. Royal London Asset Management Ltd. lifted its holdings in Tractor Supply by 13.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 67,737 shares of the specialty retailer’s stock worth $13,757,000 after purchasing an additional 8,002 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Tractor Supply by 1.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 23,744 shares of the specialty retailer’s stock valued at $4,821,000 after purchasing an additional 448 shares during the period. Finally, Townsquare Capital LLC grew its holdings in Tractor Supply by 10.6% in the 3rd quarter. Townsquare Capital LLC now owns 13,205 shares of the specialty retailer’s stock valued at $2,681,000 after buying an additional 1,262 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wedbush reissued a “neutral” rating and set a $235.00 target price on shares of Tractor Supply in a report on Tuesday, April 23rd. Telsey Advisory Group lifted their price objective on shares of Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Barclays increased their target price on shares of Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Benchmark reiterated a “buy” rating and issued a $256.00 price target on shares of Tractor Supply in a research report on Monday, April 22nd. Finally, Raymond James boosted their price target on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $253.96.

Tractor Supply Price Performance

NASDAQ:TSCO traded down $3.66 on Tuesday, hitting $257.26. The company had a trading volume of 867,415 shares, compared to its average volume of 1,154,607. The firm has a 50 day moving average of $274.51 and a two-hundred day moving average of $252.97. The stock has a market capitalization of $27.74 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.42 and a beta of 0.81. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. Tractor Supply’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 EPS. On average, research analysts anticipate that Tractor Supply will post 10.34 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 annualized dividend and a yield of 1.71%. Tractor Supply’s dividend payout ratio 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.