850 Shares in Tractor Supply (NASDAQ:TSCO) Bought by Rodgers Brothers Inc.

Rodgers Brothers Inc. acquired a new position in shares of Tractor Supply (NASDAQ:TSCO) during the first quarter, Holdings Channel reports. The fund acquired 850 shares of the specialty retailer’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Tractor Supply by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after buying an additional 48,439 shares in the last quarter. Capital International Investors grew its holdings in shares of Tractor Supply by 7.6% in the fourth quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock valued at $1,340,589,000 after acquiring an additional 439,954 shares in the last quarter. Capital World Investors increased its position in shares of Tractor Supply by 10.0% during the fourth quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock valued at $1,257,751,000 after acquiring an additional 531,170 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Tractor Supply by 63.2% during the 4th quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock worth $990,526,000 after purchasing an additional 1,784,304 shares during the period. Finally, Stifel Financial Corp raised its position in Tractor Supply by 0.4% in the fourth quarter. Stifel Financial Corp now owns 1,589,461 shares of the specialty retailer’s stock worth $341,793,000 after acquiring an additional 6,879 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Price Performance

Shares of TSCO traded up $5.08 during trading hours on Friday, reaching $262.52. 965,416 shares of the company’s stock traded hands, compared to its average volume of 1,154,945. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The firm’s 50 day simple moving average is $273.95 and its 200-day simple moving average is $256.96. The stock has a market cap of $28.30 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 3.42 and a beta of 0.81. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.94 by ($0.01). The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.83 earnings per share. Equities analysts expect that Tractor Supply will post 10.33 EPS 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 paid a $1.10 dividend. The ex-dividend date was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.68%. Tractor Supply’s dividend payout ratio is presently 42.84%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a research note on Thursday. Mizuho reaffirmed a “neutral” rating and set a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Raymond James boosted their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Benchmark reiterated a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $256.58.

About Tractor Supply

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.