Private Advisor Group LLC Buys 5,887 Shares of Tractor Supply Company (NASDAQ:TSCO)

Private Advisor Group LLC increased its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 11.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,958 shares of the specialty retailer's stock after purchasing an additional 5,887 shares during the quarter. Private Advisor Group LLC's holdings in Tractor Supply were worth $3,083,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FORA Capital LLC raised its stake in Tractor Supply by 434.1% during the fourth quarter. FORA Capital LLC now owns 35,526 shares of the specialty retailer's stock worth $1,885,000 after acquiring an additional 28,875 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Tractor Supply by 7.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 70,944 shares of the specialty retailer's stock worth $3,911,000 after acquiring an additional 5,184 shares in the last quarter. Sowell Financial Services LLC raised its stake in Tractor Supply by 49.3% during the first quarter. Sowell Financial Services LLC now owns 20,029 shares of the specialty retailer's stock worth $1,104,000 after acquiring an additional 6,612 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Tractor Supply by 9.2% during the first quarter. Sequoia Financial Advisors LLC now owns 112,233 shares of the specialty retailer's stock worth $6,184,000 after acquiring an additional 9,483 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Tractor Supply by 385.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,089,542 shares of the specialty retailer's stock worth $59,260,000 after acquiring an additional 865,273 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

Tractor Supply Price Performance

Shares of TSCO traded down $0.01 during trading hours on Friday, reaching $59.33. 7,589,239 shares of the company's stock traded hands, compared to its average volume of 6,122,455. The stock has a market cap of $31.46 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 3.20 and a beta of 0.75. The company has a current ratio of 1.28, a quick ratio of 0.17 and a debt-to-equity ratio of 0.68. The firm's 50 day simple moving average is $53.27 and its 200-day simple moving average is $53.39. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%. Tractor Supply's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.93 EPS. Equities analysts expect that Tractor Supply Company will post 2.17 EPS for the current 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 $0.23 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 1.55%. Tractor Supply's payout ratio is 45.10%.

Insider Buying and Selling

In related news, SVP Matthew L. Rubin sold 2,810 shares of the business's stock in a transaction that occurred on 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 owned 29,722 shares in the company, valued at $1,538,410.72. The trade was a 8.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Denise L. Jackson sold 1,165 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $58.50, for a total value of $68,152.50. Following the completion of the sale, the director owned 31,123 shares of the company's stock, valued at $1,820,695.50. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 105,610 shares of company stock worth $5,737,894 in the last quarter. 0.65% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on TSCO. Loop Capital upped their price objective on Tractor Supply from $48.00 to $60.00 and gave the company a "hold" rating in a research note on Friday. Piper Sandler upped their price objective on Tractor Supply from $66.00 to $67.00 and gave the company an "overweight" rating in a research note on Friday. Bank of America raised Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price objective for the company in a research note on Thursday. Citigroup lowered their price objective on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Finally, Guggenheim lowered their price objective on Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $61.30.

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.