B. Riley Wealth Advisors Inc. Purchases 17,164 Shares of Tractor Supply (NASDAQ:TSCO)

B. Riley Wealth Advisors Inc. grew its position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 333.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,317 shares of the specialty retailer's stock after acquiring an additional 17,164 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Tractor Supply were worth $1,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSCO. Smithfield Trust Co grew its holdings in Tractor Supply by 286.2% during the fourth quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer's stock worth $25,000 after buying an additional 352 shares in the last quarter. Coppell Advisory Solutions LLC grew its stake in Tractor Supply by 944.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 425 shares during the period. PrairieView Partners LLC grew its stake in Tractor Supply by 400.0% in the 4th quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 400 shares during the period. Archer Investment Corp grew its stake in Tractor Supply by 400.0% in the 4th quarter. Archer Investment Corp now owns 500 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 400 shares during the period. Finally, Kentucky Trust Co bought a new position in Tractor Supply in the 4th quarter valued at $27,000. Institutional investors own 98.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Telsey Advisory Group set a $60.00 price target on Tractor Supply in a research note on Friday, April 25th. Robert W. Baird lowered their price target on Tractor Supply from $63.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Raymond James reduced their price target on Tractor Supply from $61.00 to $57.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Wall Street Zen upgraded Tractor Supply from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, UBS Group set a $54.00 price objective on Tractor Supply in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tractor Supply currently has an average rating of "Moderate Buy" and a consensus price target of $58.02.

Tractor Supply Stock Down 1.1%

NASDAQ:TSCO traded down $0.55 during trading hours on Friday, reaching $48.42. 7,785,239 shares of the company traded hands, compared to its average volume of 5,168,265. The business's 50-day moving average price is $51.24 and its two-hundred day moving average price is $53.75. The stock has a market capitalization of $25.67 billion, a P/E ratio of 23.74, a P/E/G ratio of 2.95 and a beta of 0.82. Tractor Supply has a 1 year low of $46.85 and a 1 year high of $61.53. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. The business had revenue of $3.47 billion during the quarter, compared to analysts' expectations of $3.55 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts predict that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, May 28th. Tractor Supply's dividend payout ratio is presently 45.77%.

Tractor Supply declared that its board has authorized a share repurchase program on Thursday, February 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 2,810 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total transaction of $145,445.60. Following the completion of the sale, the senior vice president now owns 29,722 shares of the company's stock, valued at approximately $1,538,410.72. The trade was a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.65% of the stock is currently owned by corporate insiders.

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.