Bahl & Gaynor Inc. Buys Shares of 841 Tractor Supply (NASDAQ:TSCO)

Bahl & Gaynor Inc. purchased a new position in Tractor Supply (NASDAQ:TSCO) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 841 shares of the specialty retailer’s stock, valued at approximately $220,000.

Several other large investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply during the 1st quarter worth $26,000. Private Wealth Management Group LLC acquired a new position in Tractor Supply during the fourth quarter worth about $27,000. Pinnacle Bancorp Inc. acquired a new position in Tractor Supply during the fourth quarter worth about $28,000. Rise Advisors LLC grew its stake in Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 66 shares in the last quarter. Finally, J.Safra Asset Management Corp lifted its stake in Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 98 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSCO has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and issued a $256.00 price target on shares of Tractor Supply in a research report on Monday, April 22nd. Evercore ISI cut their target price on Tractor Supply from $295.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Raymond James lifted their price target on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Wedbush reissued a “neutral” rating and issued a $235.00 price objective on shares of Tractor Supply in a report on Tuesday, April 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Tractor Supply has a consensus rating of “Hold” and a consensus price target of $254.38.

Tractor Supply Trading Down 2.0 %

NASDAQ TSCO traded down $5.53 during trading on Wednesday, hitting $264.83. The stock had a trading volume of 620,876 shares, compared to its average volume of 1,142,975. The company has a market capitalization of $28.55 billion, a PE ratio of 26.33, a PEG ratio of 3.53 and a beta of 0.81. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average price of $274.60 and a 200 day moving average price of $256.92.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.65 earnings per share. As a group, equities research analysts forecast that Tractor Supply will post 10.33 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s payout ratio is currently 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.