HB Wealth Management LLC Purchases 159 Shares of Tractor Supply (NASDAQ:TSCO)

HB Wealth Management LLC grew its position in Tractor Supply (NASDAQ:TSCO) by 9.9% during the first quarter, Holdings Channel reports. The institutional investor owned 1,760 shares of the specialty retailer’s stock after acquiring an additional 159 shares during the quarter. HB Wealth Management LLC’s holdings in Tractor Supply were worth $461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the first quarter valued at $26,000. Private Wealth Management Group LLC acquired a new stake in Tractor Supply during the fourth quarter worth about $27,000. Pinnacle Bancorp Inc. purchased a new position in Tractor Supply during the fourth quarter valued at approximately $28,000. Rise Advisors LLC raised its position in Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 66 shares in the last quarter. Finally, VisionPoint Advisory Group LLC lifted its holdings in Tractor Supply by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 76 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Up 0.5 %

Shares of NASDAQ TSCO traded up $1.20 during mid-day trading on Friday, reaching $262.85. 519,725 shares of the company’s stock were exchanged, compared to its average volume of 1,151,691. The company’s 50-day moving average is $275.40 and its 200-day moving average is $251.43. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. The firm has a market capitalization of $28.34 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 3.41 and a beta of 0.81. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $290.38.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.13. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. Tractor Supply’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.65 earnings per share. Analysts expect that Tractor Supply will post 10.34 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of recent analyst reports. Evercore ISI cut their price objective on shares of Tractor Supply from $295.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday. JPMorgan Chase & Co. increased their price target on Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Barclays boosted their price objective on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Truist Financial lifted their price target on shares of Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, TD Cowen upped their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $253.96.

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.