Savvy Advisors Inc. Invests $241,000 in Tractor Supply Company (NASDAQ:TSCO)

Savvy Advisors Inc. bought a new position in shares of Tractor Supply Company (NASDAQ:TSCO) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,378 shares of the specialty retailer’s stock, valued at approximately $241,000.

Other large investors also recently made changes to their positions in the company. Capital World Investors increased its stake in Tractor Supply by 403.7% during the 4th quarter. Capital World Investors now owns 19,433,135 shares of the specialty retailer’s stock worth $1,031,122,000 after acquiring an additional 15,575,311 shares during the period. Capital International Investors increased its stake in Tractor Supply by 334.7% during the 4th quarter. Capital International Investors now owns 15,429,288 shares of the specialty retailer’s stock worth $818,421,000 after acquiring an additional 11,880,010 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Tractor Supply by 287.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,417,152 shares of the specialty retailer’s stock worth $552,735,000 after acquiring an additional 7,729,628 shares during the period. Stifel Financial Corp increased its stake in Tractor Supply by 398.6% during the 4th quarter. Stifel Financial Corp now owns 8,233,999 shares of the specialty retailer’s stock worth $436,899,000 after acquiring an additional 6,582,562 shares during the period. Finally, Select Equity Group L.P. increased its stake in Tractor Supply by 405.6% during the 4th quarter. Select Equity Group L.P. now owns 7,669,224 shares of the specialty retailer’s stock worth $406,929,000 after acquiring an additional 6,152,333 shares during the period. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TSCO shares. Robert W. Baird raised their price objective on Tractor Supply from $56.00 to $61.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Wells Fargo & Company lifted their price target on Tractor Supply from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Truist Financial lifted their price target on Tractor Supply from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, July 25th. UBS Group lifted their price target on Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Finally, Loop Capital lifted their price target on Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, July 25th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.80.

Insiders Place Their Bets

In other Tractor Supply news, SVP Noni L. Ellison sold 5,200 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction of $332,592.00. Following the sale, the senior vice president owned 28,639 shares in the company, valued at $1,831,750.44. This represents a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kurt D. Barton sold 90,000 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $5,756,400.00. Following the sale, the chief financial officer owned 47,715 shares in the company, valued at approximately $3,051,851.40. This represents a 65.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 207,490 shares of company stock valued at $12,216,998 in the last quarter. 0.65% of the stock is currently owned by company insiders.

Tractor Supply Price Performance

Tractor Supply stock opened at $59.26 on Monday. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The company has a current ratio of 1.28, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68. The business’s 50 day simple moving average is $55.02 and its 200 day simple moving average is $53.66. The company has a market cap of $31.42 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 3.05 and a beta of 0.75.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the prior year, the business earned $3.93 earnings per share. Tractor Supply’s revenue for the quarter was up 4.5% on a year-over-year basis. Sell-side analysts forecast that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, August 25th will be paid a $0.23 dividend. The ex-dividend date is Monday, August 25th. This represents a $0.92 annualized dividend and a yield of 1.6%. Tractor Supply’s dividend payout ratio is presently 45.10%.

Tractor Supply 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.