Orion Portfolio Solutions LLC acquired a new stake in Tractor Supply (NASDAQ:TSCO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 942 shares of the specialty retailer’s stock, valued at approximately $88,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TSCO. Executive Wealth Management LLC increased 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 worth $31,000 after purchasing an additional 127 shares in the last quarter. D.B. Root & Company LLC raised its position in Tractor Supply by 2.5% during the fourth quarter. D.B. Root & Company LLC now owns 6,188 shares of the specialty retailer’s stock valued at $578,000 after purchasing an additional 150 shares in the last quarter. CSat Investment Advisory L.P. raised its position in Tractor Supply by 38.3% during the fourth quarter. CSat Investment Advisory L.P. now owns 635 shares of the specialty retailer’s stock valued at $59,000 after purchasing an additional 176 shares in the last quarter. ETRADE Capital Management LLC lifted its stake in Tractor Supply by 6.4% during the fourth quarter. ETRADE Capital Management LLC now owns 2,972 shares of the specialty retailer’s stock worth $278,000 after purchasing an additional 180 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its stake in Tractor Supply by 6.3% during the fourth quarter. First Republic Investment Management Inc. now owns 3,405 shares of the specialty retailer’s stock worth $318,000 after purchasing an additional 202 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Several brokerages have recently commented on TSCO. Morgan Stanley reduced their price objective on Tractor Supply from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 17th. Piper Sandler boosted their target price on Tractor Supply from $113.00 to $119.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Credit Suisse Group reaffirmed a “hold” rating and issued a $95.00 target price on shares of Tractor Supply in a research note on Sunday, February 2nd. Wells Fargo & Co reduced their price target on shares of Tractor Supply from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Wedbush reissued an “outperform” rating and set a $105.00 price target on shares of Tractor Supply in a research note on Wednesday, March 11th. Ten investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $104.52.

In other news, CEO Harry A. Lawton III purchased 1,273 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were bought at an average price of $98.36 per share, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by insiders.

NASDAQ:TSCO traded up $6.55 during mid-day trading on Thursday, hitting $83.48. 1,529,610 shares of the company’s stock were exchanged, compared to its average volume of 1,839,627. The company has a market cap of $9.28 billion, a PE ratio of 17.91, a P/E/G ratio of 1.37 and a beta of 0.96. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.43 and a quick ratio of 0.15. Tractor Supply has a one year low of $63.89 and a one year high of $114.25. The business has a fifty day moving average price of $89.03 and a 200 day moving average price of $93.05.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, January 30th. The specialty retailer reported $1.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.02). The business had revenue of $2.19 billion for 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%. Tractor Supply’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 earnings per share. On average, equities analysts forecast that Tractor Supply will post 5.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 24th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Friday, February 21st. Tractor Supply’s dividend payout ratio is presently 29.91%.

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.

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

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