Tractor Supply (NASDAQ:TSCO) Stock Position Increased by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC boosted its position in Tractor Supply (NASDAQ:TSCO) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,803 shares of the specialty retailer’s stock after purchasing an additional 147 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Tractor Supply were worth $2,270,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TSCO. Covea Finance grew its stake in shares of Tractor Supply by 17.4% in the 3rd quarter. Covea Finance now owns 48,490 shares of the specialty retailer’s stock worth $14,107,000 after purchasing an additional 7,200 shares during the last quarter. Asio Capital LLC grew its stake in shares of Tractor Supply by 0.7% in the 3rd quarter. Asio Capital LLC now owns 18,081 shares of the specialty retailer’s stock worth $5,260,000 after purchasing an additional 120 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Tractor Supply by 11.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 1,428 shares of the specialty retailer’s stock worth $415,000 after purchasing an additional 149 shares during the last quarter. Peak Financial Advisors LLC acquired a new position in shares of Tractor Supply in the 3rd quarter worth approximately $3,310,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Tractor Supply by 268.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,002 shares of the specialty retailer’s stock worth $292,000 after purchasing an additional 730 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Tractor Supply Trading Up 2.0 %

Tractor Supply stock traded up $6.03 during trading hours on Friday, reaching $303.37. 532,238 shares of the company’s stock traded hands, compared to its average volume of 1,054,827. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $305.99. The firm has a market capitalization of $32.72 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 3.78 and a beta of 0.80. The firm’s 50 day moving average is $275.68 and its 200-day moving average is $270.52.

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 net margin of 7.65% and a return on equity of 51.84%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the prior year, the company posted $3.83 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a $1.10 dividend. The ex-dividend date was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.45%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.43%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TSCO. Truist Financial lifted their target price on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Citigroup upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. UBS Group raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Wells Fargo & Company boosted their target price on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Benchmark reissued a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Tractor Supply currently has a consensus rating of “Moderate Buy” and an average target price of $263.00.

Tractor Supply 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.