abrdn plc Purchases 23,876 Shares of Tractor Supply (NASDAQ:TSCO)

abrdn plc grew its position in shares of Tractor Supply (NASDAQ:TSCO) by 27.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,491 shares of the specialty retailer’s stock after purchasing an additional 23,876 shares during the period. abrdn plc owned about 0.10% of Tractor Supply worth $23,544,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TSCO. OFI Invest Asset Management bought a new stake in Tractor Supply during the third quarter worth about $25,000. Pinnacle Bancorp Inc. bought a new stake in shares of Tractor Supply in the 4th quarter valued at about $28,000. VisionPoint Advisory Group LLC lifted its stake in shares of Tractor Supply by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 76 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Tractor Supply in the 3rd quarter valued at about $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Tractor Supply by 82.6% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 272 shares of the specialty retailer’s stock valued at $58,000 after acquiring an additional 123 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Raymond James lowered Tractor Supply from a “strong-buy” rating to an “outperform” rating and boosted their target price for the company from $230.00 to $250.00 in a research note on Friday, February 2nd. Evercore ISI lowered their target price on Tractor Supply from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Truist Financial upped their price target on Tractor Supply from $256.00 to $277.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group upped their price target on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Telsey Advisory Group upped their price target on Tractor Supply from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Tractor Supply has an average rating of “Hold” and an average price target of $241.65.

Tractor Supply Stock Performance

Tractor Supply stock opened at $255.96 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $27.63 billion, a P/E ratio of 25.37, a PEG ratio of 3.81 and a beta of 0.84. The stock’s 50 day moving average is $250.69 and its 200 day moving average is $225.60. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $268.02.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.06. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.43 EPS. On average, equities research analysts predict that Tractor Supply will post 10.2 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.72%. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. Tractor Supply’s dividend payout ratio (DPR) is currently 43.61%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III sold 20,500 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the sale, the chief executive officer now directly owns 95,192 shares in the company, valued at approximately $22,173,072.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the sale, the chief financial officer now directly owns 25,013 shares in the company, valued at approximately $5,804,516.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Harry A. Lawton III sold 20,500 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the sale, the chief executive officer now owns 95,192 shares in the company, valued at $22,173,072.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,090 shares of company stock worth $21,201,877. Insiders own 0.58% of the company’s stock.

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.