Point72 Hong Kong Ltd lifted its position in shares of Tractor Supply (NASDAQ:TSCO) by 20.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,469 shares of the specialty retailer’s stock after acquiring an additional 594 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Tractor Supply were worth $324,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Gradient Investments LLC increased its position in shares of Tractor Supply by 3,525.0% in the fourth quarter. Gradient Investments LLC now owns 290 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 282 shares in the last quarter. Allred Capital Management LLC purchased a new position in shares of Tractor Supply in the fourth quarter valued at $28,000. Executive Wealth Management LLC boosted its stake in shares of Tractor Supply by 56.4% in the third quarter. Executive Wealth Management LLC now owns 352 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 127 shares during the period. CFM Wealth Partners LLC purchased a new position in shares of Tractor Supply in the fourth quarter valued at $33,000. Finally, S.A. Mason LLC purchased a new position in shares of Tractor Supply in the fourth quarter valued at $36,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TSCO stock traded down $3.09 during trading hours on Wednesday, hitting $76.93. The stock had a trading volume of 1,648,605 shares, compared to its average volume of 1,844,973. Tractor Supply has a one year low of $63.89 and a one year high of $114.25. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.43 and a quick ratio of 0.15. The stock’s 50-day moving average price is $89.31 and its two-hundred day moving average price is $93.18. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.33 and a beta of 0.96.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, January 30th. The specialty retailer reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Tractor Supply had a net margin of 6.73% and a return on equity of 37.09%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 EPS. As a group, equities research analysts predict that Tractor Supply will post 5.06 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 24th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, February 21st. Tractor Supply’s payout ratio is 29.91%.

In other news, CEO Harry A. Lawton III bought 1,273 shares of the stock in a transaction dated Friday, February 14th. The shares were acquired at an average cost of $98.36 per share, with a total value of $125,212.28. Following the purchase, the chief executive officer now directly owns 39,963 shares in the company, valued at approximately $3,930,760.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.

Several research analysts have recently weighed in on the stock. Loop Capital restated a “hold” rating and issued a $95.00 target price on shares of Tractor Supply in a research note on Monday, February 3rd. Telsey Advisory Group lowered their target price on shares of Tractor Supply from $106.00 to $101.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 11th. Piper Sandler raised their target price on shares of Tractor Supply from $113.00 to $119.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Morgan Stanley lowered their target price on shares of Tractor Supply from $115.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 17th. Finally, UBS Group lowered their target price on shares of Tractor Supply from $100.00 to $97.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $104.52.

Tractor Supply Company Profile

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

Further Reading: What is the Quick Ratio?

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

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