36,350 Tractor Supply Company $TSCO Shares Acquired by SS&H Financial Advisors Inc.

Key Points

• SS&H Financial Advisors increased its Tractor Supply stake by 32% in the third quarter, purchasing 36,350 shares and bringing its total holdings to 150,036 shares valued at approximately $4.7 million.
• Institutional investors own 98.72% of Tractor Supply, while insiders have purchased 20,310 shares worth about $652,000 over the past 90 days. Directors Andre Hawaux and Edna Morris were among the recent buyers.
• Tractor Supply reported quarterly earnings of $0.43 per share, exceeding estimates of $0.41, while revenue rose 5.1% year over year to $3.91 billion. Analysts maintain an average “Hold” rating with a consensus price target of $38.62.

SS&H Financial Advisors Inc. raised its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 32.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,036 shares of the specialty retailer's stock after purchasing an additional 36,350 shares during the quarter. Tractor Supply makes up about 1.2% of SS&H Financial Advisors Inc.'s holdings, making the stock its 20th biggest holding. SS&H Financial Advisors Inc.'s holdings in Tractor Supply were worth $4,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Tractor Supply in the 2nd quarter worth about $1,500,967,000. State Street Corp increased its position in shares of Tractor Supply by 2.9% during the second quarter. State Street Corp now owns 23,500,716 shares of the specialty retailer's stock valued at $742,858,000 after buying an additional 665,648 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Tractor Supply by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 5,267,878 shares of the specialty retailer's stock valued at $238,639,000 after buying an additional 89,295 shares during the period. Van ECK Associates Corp increased its position in shares of Tractor Supply by 2,983.6% during the second quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer's stock valued at $162,632,000 after buying an additional 4,978,105 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Tractor Supply by 3.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,944,848 shares of the specialty retailer's stock valued at $156,307,000 after buying an additional 150,285 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Insider Transactions at Tractor Supply

In related news, Director Andre J. Hawaux acquired 3,150 shares of the stock in a transaction on Monday, August 3rd. The stock was acquired at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the purchase, the director owned 3,150 shares of the company's stock, valued at $100,264.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edna Morris bought 1,560 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the acquisition, the director directly owned 279,720 shares of the company's stock, valued at approximately $9,074,116.80. This represents a 0.56% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 20,310 shares of company stock valued at $652,411 in the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

Tractor Supply Trading Up 6.5%

NASDAQ:TSCO opened at $33.65 on Friday. Tractor Supply Company has a one year low of $28.36 and a one year high of $56.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.20. The company's 50-day simple moving average is $33.31 and its 200 day simple moving average is $38.36. The firm has a market capitalization of $17.65 billion, a P/E ratio of 18.09, a PEG ratio of 3.28 and a beta of 0.52.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.02. Tractor Supply had a net margin of 6.13% and a return on equity of 40.05%. The business had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.82 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. The business's revenue was up 5.1% compared to the same quarter last year. As a group, analysts forecast that Tractor Supply Company will post 1.94 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, August 24th. Tractor Supply's payout ratio is currently 51.61%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Truist Financial set a $33.00 price target on shares of Tractor Supply and gave the stock a "hold" rating in a research note on Monday, October 19th. TD Cowen reaffirmed a "hold" rating and set a $36.00 price objective (up from $34.00) on shares of Tractor Supply in a research report on Friday, October 23rd. Mizuho set a $31.00 price objective on Tractor Supply in a research report on Friday, October 23rd. Citigroup reiterated a "buy" rating and set a $38.00 target price (up from $37.00) on shares of Tractor Supply in a report on Tuesday, October 13th. Finally, UBS Group reissued a "neutral" rating on shares of Tractor Supply in a research report on Monday, October 12th. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $38.62.

About Tractor Supply

Tractor Supply Company NASDAQ: TSCO is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.

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