DekaBank Deutsche Girozentrale Decreases Stock Position in Tractor Supply (NASDAQ:TSCO)

DekaBank Deutsche Girozentrale lowered its stake in Tractor Supply (NASDAQ:TSCO) by 66.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,303 shares of the specialty retailer’s stock after selling 53,321 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Tractor Supply were worth $7,078,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Cetera Advisors LLC raised its position in shares of Tractor Supply by 37.3% during the 1st quarter. Cetera Advisors LLC now owns 10,729 shares of the specialty retailer’s stock valued at $2,808,000 after buying an additional 2,916 shares in the last quarter. Cetera Investment Advisers grew its stake in Tractor Supply by 199.0% in the 1st quarter. Cetera Investment Advisers now owns 35,771 shares of the specialty retailer’s stock worth $9,362,000 after acquiring an additional 23,806 shares in the last quarter. Burney Co. lifted its position in shares of Tractor Supply by 51.2% in the 1st quarter. Burney Co. now owns 28,206 shares of the specialty retailer’s stock worth $7,382,000 after purchasing an additional 9,553 shares during the period. Atria Investments Inc lifted its position in shares of Tractor Supply by 0.4% in the 1st quarter. Atria Investments Inc now owns 22,415 shares of the specialty retailer’s stock worth $5,866,000 after purchasing an additional 100 shares during the period. Finally, Swedbank AB purchased a new stake in shares of Tractor Supply in the 1st quarter worth approximately $34,262,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TSCO. Evercore ISI decreased their target price on shares of Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. TD Cowen increased their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Piper Sandler increased their target price on shares of Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Wells Fargo & Company increased their target price on shares of Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Finally, Truist Financial raised their price target on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $256.58.

Tractor Supply Price Performance

Shares of NASDAQ TSCO traded down $3.49 during trading on Friday, hitting $252.77. The company had a trading volume of 880,390 shares, compared to its average volume of 1,074,790. The stock has a fifty day simple moving average of $271.12 and a two-hundred day simple moving average of $258.79. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $290.38. The firm has a market capitalization of $27.25 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 3.22 and a beta of 0.81. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting the consensus estimate of $3.93. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $3.83 earnings per share. On average, research analysts expect that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Tractor Supply Company Profile

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.