Brown Miller Wealth Management LLC Has $2.01 Million Position in Tractor Supply (NASDAQ:TSCO)

Brown Miller Wealth Management LLC boosted its holdings in Tractor Supply (NASDAQ:TSCO) by 157.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,695 shares of the specialty retailer’s stock after purchasing an additional 4,710 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Tractor Supply were worth $2,014,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in Tractor Supply by 9,370.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock worth $573,038,000 after acquiring an additional 2,792,352 shares during the last quarter. Norges Bank purchased a new position in Tractor Supply during the 4th quarter worth $260,560,000. Capital World Investors boosted its holdings in Tractor Supply by 10.0% during the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after acquiring an additional 531,170 shares during the last quarter. Capital International Investors boosted its holdings in Tractor Supply by 7.6% during the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after acquiring an additional 439,954 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt boosted its holdings in Tractor Supply by 87.5% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 750,000 shares of the specialty retailer’s stock worth $161,272,000 after acquiring an additional 350,000 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TSCO. TD Cowen lifted their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Benchmark reaffirmed a “buy” rating and set a $256.00 price objective on shares of Tractor Supply in a report on Monday, April 22nd. Barclays boosted their price target on shares of Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Mizuho reissued a “neutral” rating and issued a $250.00 price target (up from $245.00) on shares of Tractor Supply in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $254.17.

Tractor Supply Price Performance

Shares of TSCO traded up $2.45 during midday trading on Friday, hitting $270.00. 1,701,059 shares of the company traded hands, compared to its average volume of 1,242,692. The stock has a 50-day moving average of $274.91 and a 200-day moving average of $250.42. Tractor Supply has a one year low of $185.00 and a one year high of $290.38. The firm has a market cap of $29.11 billion, a P/E ratio of 26.29, a PEG ratio of 3.51 and a beta of 0.83. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the prior year, the business posted $1.65 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts predict that Tractor Supply will post 10.34 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio is presently 42.84%.

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.