Lee Danner & Bass Inc. Purchases Shares of 2,749 Tractor Supply (NASDAQ:TSCO)

Lee Danner & Bass Inc. acquired a new position in shares of Tractor Supply (NASDAQ:TSCO) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,749 shares of the specialty retailer’s stock, valued at approximately $742,000.

A number of other hedge funds have also made changes to their positions in TSCO. Future Financial Wealth Managment LLC purchased a new stake in Tractor Supply during the first quarter worth approximately $26,000. Private Wealth Management Group LLC acquired a new stake in Tractor Supply during the fourth quarter worth approximately $27,000. Rise Advisors LLC lifted its position in shares of Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after buying an additional 66 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Tractor Supply in the 1st quarter valued at $28,000. Finally, J.Safra Asset Management Corp grew its position in shares of Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Transactions at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a research report on Friday, July 26th. Wedbush reissued a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a report on Friday, July 26th. Wells Fargo & Company raised their price target on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price objective on shares of Tractor Supply in a research note on Thursday, July 25th. Finally, Truist Financial increased their price objective on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $256.58.

Tractor Supply Trading Down 2.3 %

NASDAQ:TSCO opened at $267.55 on Friday. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $290.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. The stock has a fifty day moving average price of $265.25 and a two-hundred day moving average price of $263.33. The stock has a market capitalization of $28.86 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 3.43 and a beta of 0.81.

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 analysts’ consensus estimates of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the prior year, the company posted $3.83 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be given a dividend of $1.10 per share. The ex-dividend date is Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.64%. Tractor Supply’s payout ratio is 42.84%.

About Tractor Supply

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.