Tractor Supply (NASDAQ:TSCO) Stock Position Lifted by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC boosted its stake in shares of Tractor Supply (NASDAQ:TSCOGet Rating) by 14.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,603 shares of the specialty retailer’s stock after acquiring an additional 590 shares during the period. AlphaCrest Capital Management LLC’s holdings in Tractor Supply were worth $1,098,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSCO. RE Advisers Corp grew its holdings in Tractor Supply by 31.0% during the 4th quarter. RE Advisers Corp now owns 241 shares of the specialty retailer’s stock worth $58,000 after acquiring an additional 57 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Tractor Supply by 5.1% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,242 shares of the specialty retailer’s stock worth $252,000 after acquiring an additional 60 shares during the last quarter. Accel Wealth Management grew its holdings in Tractor Supply by 30.0% during the 4th quarter. Accel Wealth Management now owns 260 shares of the specialty retailer’s stock worth $62,000 after acquiring an additional 60 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Tractor Supply by 194.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 106 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 70 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. grew its holdings in Tractor Supply by 10.2% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 755 shares of the specialty retailer’s stock worth $180,000 after acquiring an additional 70 shares during the last quarter. 83.17% of the stock is currently owned by hedge funds and other institutional investors.

TSCO has been the topic of a number of research analyst reports. Robert W. Baird reissued a “buy” rating and set a $250.00 price objective on shares of Tractor Supply in a report on Thursday, April 14th. Morgan Stanley cut their target price on shares of Tractor Supply from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, April 25th. Piper Sandler upped their target price on shares of Tractor Supply from $258.00 to $261.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. StockNews.com initiated coverage on shares of Tractor Supply in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Telsey Advisory Group upped their target price on shares of Tractor Supply from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, January 28th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $241.05.

In other Tractor Supply news, Director Cynthia T. Jamison sold 5,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $195.10, for a total transaction of $1,014,520.00. Following the sale, the director now directly owns 24,280 shares in the company, valued at approximately $4,737,028. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Shares of TSCO stock opened at $201.85 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.27 and a current ratio of 1.44. The company has a market capitalization of $22.58 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. The company’s 50 day moving average price is $220.86 and its two-hundred day moving average price is $221.50. Tractor Supply has a 52 week low of $170.82 and a 52 week high of $241.54.

Tractor Supply (NASDAQ:TSCOGet Rating) last announced its earnings results on Thursday, April 21st. The specialty retailer reported $1.65 EPS for the quarter, topping the consensus estimate of $1.40 by $0.25. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.92 billion. Tractor Supply had a net margin of 7.74% and a return on equity of 51.48%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $1.55 EPS. Analysts forecast that Tractor Supply will post 9.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 8th. Shareholders of record on Wednesday, May 25th will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Tuesday, May 24th. This represents a $3.68 annualized dividend and a yield of 1.82%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.20%.

Tractor Supply Profile (Get Rating)

Tractor Supply Company operates as a rural lifestyle retailer 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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