Grey Fox Wealth Advisors LLC Reduces Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Grey Fox Wealth Advisors LLC trimmed its position in shares of Tractor Supply (NASDAQ:TSCOFree Report) by 10.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,314 shares of the specialty retailer’s stock after selling 151 shares during the period. Grey Fox Wealth Advisors LLC’s holdings in Tractor Supply were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in TSCO. Private Capital Management LLC raised its stake in Tractor Supply by 50.0% in the 4th quarter. Private Capital Management LLC now owns 4,500 shares of the specialty retailer’s stock valued at $968,000 after acquiring an additional 1,500 shares during the period. Marcum Wealth LLC bought a new stake in shares of Tractor Supply in the first quarter valued at approximately $407,000. Wedmont Private Capital boosted its holdings in Tractor Supply by 3.6% in the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock worth $331,000 after buying an additional 45 shares during the period. Banque Cantonale Vaudoise grew its stake in Tractor Supply by 11.2% in the 1st quarter. Banque Cantonale Vaudoise now owns 18,804 shares of the specialty retailer’s stock valued at $4,921,000 after buying an additional 1,898 shares in the last quarter. Finally, Czech National Bank raised its holdings in Tractor Supply by 0.5% during the 1st quarter. Czech National Bank now owns 19,022 shares of the specialty retailer’s stock valued at $4,978,000 after acquiring an additional 86 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Trading Up 0.5 %

Shares of NASDAQ:TSCO traded up $1.33 on Friday, hitting $281.56. The company had a trading volume of 1,755,488 shares, compared to its average volume of 943,746. The firm’s 50-day simple moving average is $272.67 and its two-hundred day simple moving average is $248.15. The firm has a market capitalization of $30.35 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 3.65 and a beta of 0.83. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $290.38.

Tractor Supply (NASDAQ:TSCOGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping the consensus estimate of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the business posted $1.65 earnings per share. Tractor Supply’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Tractor Supply will post 10.34 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were paid a $1.10 dividend. The ex-dividend date was Friday, May 24th. This represents a $4.40 annualized dividend and a dividend yield of 1.56%. Tractor Supply’s payout ratio is 42.84%.

Analyst Ratings Changes

TSCO has been the topic of a number of analyst reports. Mizuho reiterated a “neutral” rating and set a $250.00 price objective (up from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Raymond James raised their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Truist Financial increased their target price on shares of Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Barclays lifted their price objective on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Finally, Piper Sandler upped their target price on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $254.17.

View Our Latest Report on TSCO

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.

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

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