Burke & Herbert Bank & Trust Co. Makes New $271,000 Investment in Tractor Supply (NASDAQ:TSCO)

Burke & Herbert Bank & Trust Co. purchased a new position in shares of Tractor Supply (NASDAQ:TSCO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,003 shares of the specialty retailer’s stock, valued at approximately $271,000.

Other hedge funds have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Tractor Supply during the first quarter worth about $26,000. Private Wealth Management Group LLC purchased a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $27,000. Rise Advisors LLC boosted its stake in shares of Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 66 shares during the period. LRI Investments LLC purchased a new stake in Tractor Supply during the 1st quarter worth $28,000. Finally, J.Safra Asset Management Corp lifted its stake in shares of Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TSCO shares. Mizuho reaffirmed a “neutral” rating and issued a $250.00 price target (up from $245.00) on shares of Tractor Supply in a report on Friday, April 26th. Morgan Stanley increased their target price on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. Evercore ISI decreased their target price on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Piper Sandler upped their price objective on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Finally, Benchmark reiterated a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a research note on Friday, July 26th. Two 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. Based on data from MarketBeat, Tractor Supply has an average rating of “Hold” and an average target price of $256.58.

Tractor Supply Trading Down 0.7 %

Tractor Supply stock opened at $260.34 on Wednesday. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. The firm has a market capitalization of $28.07 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 3.27 and a beta of 0.81. The company has a 50 day moving average price of $268.39 and a 200 day moving average price of $260.49.

Tractor Supply (NASDAQ:TSCO) last released its 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 analyst estimates of $4.28 billion. During the same quarter in the prior year, the company earned $3.83 earnings per share. The company’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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.69%. 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.