QRG Capital Management Inc. cut its position in Tractor Supply (NASDAQ:TSCO – Free Report) by 42.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,613 shares of the specialty retailer’s stock after selling 10,784 shares during the quarter. QRG Capital Management Inc.’s holdings in Tractor Supply were worth $3,825,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the 1st quarter worth $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Tractor Supply in the 4th quarter worth approximately $27,000. Pinnacle Bancorp Inc. bought a new position in shares of Tractor Supply in the fourth quarter valued at approximately $28,000. Rise Advisors LLC increased its stake in shares of 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 during the period. Finally, Cetera Trust Company N.A bought a new stake in Tractor Supply during the fourth quarter worth approximately $38,000. 98.72% of the stock is owned by institutional investors and hedge funds.
Tractor Supply Stock Performance
NASDAQ:TSCO traded down $0.62 during mid-day trading on Wednesday, hitting $282.55. 241,261 shares of the company’s stock traded hands, compared to its average volume of 1,145,121. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average of $274.50 and a two-hundred day moving average of $254.94. The firm has a market capitalization of $30.46 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 3.52 and a beta of 0.81. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38.
Tractor Supply Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Evercore ISI dropped their price target on shares of Tractor Supply from $295.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Piper Sandler lifted their price target on shares of Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Wedbush restated a “neutral” rating and set a $235.00 price objective on shares of Tractor Supply in a report on Tuesday, April 23rd. Truist Financial boosted their target price 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, Telsey Advisory Group raised their price objective on Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $253.96.
Read Our Latest Stock Analysis on Tractor Supply
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.
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