GHP Investment Advisors Inc. Buys 10,877 Shares of Tractor Supply Company (NASDAQ:TSCO)

GHP Investment Advisors Inc. increased its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 155,250 shares of the specialty retailer's stock after acquiring an additional 10,877 shares during the quarter. GHP Investment Advisors Inc.'s holdings in Tractor Supply were worth $8,554,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TSCO. Wedmont Private Capital increased its stake in Tractor Supply by 2.5% in the 1st quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer's stock worth $450,000 after acquiring an additional 212 shares during the last quarter. Procyon Advisors LLC increased its position in Tractor Supply by 1.7% in the first quarter. Procyon Advisors LLC now owns 14,371 shares of the specialty retailer's stock worth $792,000 after purchasing an additional 238 shares during the last quarter. Advisory Alpha LLC raised its stake in Tractor Supply by 6.2% during the first quarter. Advisory Alpha LLC now owns 4,826 shares of the specialty retailer's stock valued at $266,000 after purchasing an additional 283 shares in the last quarter. Missouri Trust & Investment Co lifted its position in Tractor Supply by 28.8% during the first quarter. Missouri Trust & Investment Co now owns 1,365 shares of the specialty retailer's stock valued at $75,000 after purchasing an additional 305 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Tractor Supply by 21.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,829 shares of the specialty retailer's stock worth $101,000 after buying an additional 327 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of research reports. Wall Street Zen downgraded shares of Tractor Supply from a "hold" rating to a "sell" rating in a report on Friday, June 6th. UBS Group set a $54.00 price objective on Tractor Supply in a research note on Friday, April 25th. Mizuho decreased their price objective on Tractor Supply from $62.00 to $58.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Guggenheim dropped their target price on Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Stephens assumed coverage on Tractor Supply in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $58.02.

Tractor Supply Price Performance

Shares of TSCO stock opened at $53.66 on Tuesday. The stock has a market capitalization of $28.45 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 2.83 and a beta of 0.74. The company has a current ratio of 1.41, a quick ratio of 0.17 and a debt-to-equity ratio of 0.94. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $61.53. The stock has a fifty day simple moving average of $50.74 and a two-hundred day simple moving average of $53.11.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.55 billion. Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. Tractor Supply's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 EPS. On average, analysts predict that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 1.71%. Tractor Supply's payout ratio is 45.77%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 2,810 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total value 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. This trade represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is owned by insiders.

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.

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