Simplicity Wealth LLC Acquires 5,467 Shares of Tractor Supply (NASDAQ:TSCO)

Simplicity Wealth LLC lifted its position in Tractor Supply (NASDAQ:TSCOFree Report) by 198.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,220 shares of the specialty retailer’s stock after purchasing an additional 5,467 shares during the quarter. Simplicity Wealth LLC’s holdings in Tractor Supply were worth $2,151,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the 1st quarter worth about $26,000. Rise Advisors LLC lifted its position in 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 in the last quarter. Private Wealth Management Group LLC acquired a new position in Tractor Supply during the 4th quarter worth about $27,000. OFI Invest Asset Management acquired a new position in Tractor Supply during the 3rd quarter worth about $25,000. Finally, Pinnacle Bancorp Inc. acquired a new position in Tractor Supply during the 4th quarter worth about $28,000. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, EVP Colin Yankee sold 8,675 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the completion of the sale, the executive vice president now owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the completion of the sale, the executive vice president now owns 9,673 shares of the company’s stock, valued at $2,418,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Tractor Supply Stock Down 0.6 %

Shares of NASDAQ TSCO traded down $1.63 during trading hours on Monday, hitting $284.04. The company had a trading volume of 1,059,877 shares, compared to its average volume of 1,144,072. The stock has a market capitalization of $30.62 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 3.59 and a beta of 0.82. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $287.89. The firm’s 50 day moving average is $261.04 and its 200-day moving average is $235.48.

Tractor Supply (NASDAQ:TSCOGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating the consensus estimate of $1.70 by $0.13. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. On average, analysts expect that Tractor Supply will post 10.33 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, May 24th. Tractor Supply’s dividend payout ratio is 42.84%.

Analyst Ratings Changes

TSCO has been the topic of a number of research reports. Benchmark restated a “buy” rating and set a $256.00 target price on shares of Tractor Supply in a research report on Monday, April 22nd. JPMorgan Chase & Co. upped their target price on shares of Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Raymond James upped their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Wells Fargo & Company upped their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Finally, Truist Financial increased their price target on shares of Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Two research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $253.96.

View Our Latest Analysis on TSCO

Tractor Supply Company Profile

(Free Report)

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 d├ęcor products consist of clothing, footwear, toys, snacks, and decorative merchandise.

See Also

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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