Massmutual Trust Co. FSB ADV Increases Stake in Tractor Supply (NASDAQ:TSCO)

Massmutual Trust Co. FSB ADV grew its position in shares of Tractor Supply (NASDAQ:TSCO) by 6.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 780 shares of the specialty retailer’s stock after acquiring an additional 50 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Tractor Supply were worth $211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply in the first quarter worth $26,000. Private Wealth Management Group LLC bought a new stake in Tractor Supply in the fourth quarter worth $27,000. Pinnacle Bancorp Inc. purchased a new stake in Tractor Supply in the fourth quarter worth $28,000. Rise Advisors LLC increased its stake in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 66 shares during the period. Finally, LRI Investments LLC purchased a new stake in Tractor Supply in the first quarter worth $28,000. 98.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on TSCO. Piper Sandler increased their target price on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Morgan Stanley raised their price target on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. Wells Fargo & Company raised their price target on Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Barclays raised their price target on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Finally, Raymond James lifted their target price 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 analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $256.58.

Tractor Supply Stock Performance

NASDAQ:TSCO traded up $3.38 during trading hours on Monday, reaching $256.15. The company had a trading volume of 1,214,095 shares, compared to its average volume of 1,144,201. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The firm has a market cap of $27.62 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 3.17 and a beta of 0.81. The business’s 50 day moving average price is $270.60 and its 200-day moving average price is $259.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the previous year, the company posted $3.83 earnings per share. Tractor Supply’s revenue for the quarter was up 1.6% on a year-over-year basis. Research analysts forecast that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Friday, May 24th. Tractor Supply’s 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.