Tractor Supply Company $TSCO Stock: Soltis Investment Advisors LLC Raises Stake

Soltis Investment Advisors LLC lifted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 205.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,529 shares of the specialty retailer’s stock after acquiring an additional 19,857 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Tractor Supply were worth $924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Tractor Supply in the second quarter valued at approximately $1,500,967,000. State Street Corp grew its stake in Tractor Supply by 2.9% in the second quarter. State Street Corp now owns 23,500,716 shares of the specialty retailer’s stock worth $742,858,000 after purchasing an additional 665,648 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Tractor Supply by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,267,878 shares of the specialty retailer’s stock worth $238,639,000 after purchasing an additional 89,295 shares during the period. Van ECK Associates Corp increased its holdings in Tractor Supply by 2,983.6% during the 2nd quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer’s stock worth $162,632,000 after purchasing an additional 4,978,105 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Tractor Supply by 3.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,944,848 shares of the specialty retailer’s stock worth $156,307,000 after purchasing an additional 150,285 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insider Activity at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III purchased 15,600 shares of the stock in a transaction on Tuesday, August 4th. The stock was acquired at an average price of $32.15 per share, with a total value of $501,540.00. Following the completion of the acquisition, the chief executive officer owned 15,600 shares in the company, valued at $501,540. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Edna Morris purchased 1,560 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $32.44 per share, for a total transaction of $50,606.40. Following the purchase, the director directly owned 279,720 shares of the company’s stock, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 20,310 shares of company stock valued at $652,411 in the last ninety days. Corporate insiders own 0.64% of the company’s stock.

Tractor Supply Price Performance

Shares of TSCO opened at $33.94 on Friday. The company has a 50 day moving average of $33.29 and a two-hundred day moving average of $38.27. The company has a quick ratio of 0.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $56.94. The company has a market cap of $17.80 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 3.52 and a beta of 0.52.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Tractor Supply had a return on equity of 40.05% and a net margin of 6.13%. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts predict that Tractor Supply Company will post 1.94 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, August 24th. Tractor Supply’s dividend payout ratio is currently 51.61%.

Analyst Ratings Changes

TSCO has been the subject of several research reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 target price (up from $35.00) on shares of Tractor Supply in a report on Monday, October 19th. Raymond James Financial dropped their price target on Tractor Supply from $48.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Zacks Research upgraded Tractor Supply from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Guggenheim set a $40.00 price objective on Tractor Supply and gave the company a “buy” rating in a report on Friday, July 24th. Finally, DA Davidson set a $36.00 price objective on Tractor Supply in a report on Thursday, October 8th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Tractor Supply presently has an average rating of “Hold” and an average price target of $38.62.

Tractor Supply Profile

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.