Avantax Advisory Services Inc. Has $1.09 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Avantax Advisory Services Inc. grew its holdings in Tractor Supply (NASDAQ:TSCOFree Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,056 shares of the specialty retailer’s stock after acquiring an additional 95 shares during the period. Avantax Advisory Services Inc.’s holdings in Tractor Supply were worth $1,087,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. McKinley Carter Wealth Services Inc. lifted its holdings in Tractor Supply by 18.4% in the 4th quarter. McKinley Carter Wealth Services Inc. now owns 31,138 shares of the specialty retailer’s stock worth $6,696,000 after purchasing an additional 4,846 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Tractor Supply by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,052,533 shares of the specialty retailer’s stock worth $226,330,000 after buying an additional 51,489 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Tractor Supply by 2.0% during the 4th quarter. QRG Capital Management Inc. now owns 25,397 shares of the specialty retailer’s stock worth $5,461,000 after buying an additional 510 shares during the period. Qsemble Capital Management LP acquired a new position in Tractor Supply in the 4th quarter valued at $415,000. Finally, NBC Securities Inc. raised its holdings in Tractor Supply by 41.5% in the 4th quarter. NBC Securities Inc. now owns 498 shares of the specialty retailer’s stock worth $107,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Price Performance

TSCO stock opened at $285.67 on Friday. The stock has a 50-day moving average price of $260.34 and a two-hundred day moving average price of $234.55. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $286.15. The stock has a market cap of $30.80 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 3.59 and a beta of 0.82. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCOGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. Tractor Supply’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $1.65 earnings per share. Equities analysts forecast that Tractor Supply will post 10.33 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, May 24th. Tractor Supply’s dividend payout ratio is presently 42.84%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Truist Financial upped their price target on Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a report on Friday, April 26th. Wedbush restated a “neutral” rating and set a $235.00 price target on shares of Tractor Supply in a research report on Tuesday, April 23rd. Morgan Stanley raised their target price on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. Telsey Advisory Group raised their price objective on shares of Tractor Supply from $280.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Benchmark reiterated a “buy” rating and set a $256.00 target price on shares of Tractor Supply in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tractor Supply has an average rating of “Hold” and a consensus target price of $253.96.

Check Out Our Latest Analysis on Tractor Supply

Insider Buying and Selling

In other Tractor Supply news, EVP Colin Yankee sold 8,675 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the sale, the executive vice president now directly owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Colin Yankee sold 8,675 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the sale, the executive vice president now owns 9,673 shares in the company, valued at approximately $2,418,250. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the sale, the chief financial officer now owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Tractor Supply Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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