CANADA LIFE ASSURANCE Co lowered its position in shares of Tractor Supply (NASDAQ:TSCO – Free Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,760 shares of the specialty retailer’s stock after selling 1,931 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Tractor Supply were worth $25,340,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in TSCO. Wedmont Private Capital grew its stake in shares of Tractor Supply by 3.6% in the first quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 45 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Tractor Supply by 998.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 109,403 shares of the specialty retailer’s stock worth $23,525,000 after acquiring an additional 99,441 shares during the period. Scotia Capital Inc. boosted its holdings in Tractor Supply by 792.9% in the fourth quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock valued at $4,180,000 after acquiring an additional 17,261 shares in the last quarter. WCM Investment Management LLC purchased a new position in Tractor Supply during the 4th quarter valued at $782,000. Finally, Vanguard Group Inc. raised its holdings in Tractor Supply by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after purchasing an additional 48,439 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.
Tractor Supply Stock Performance
TSCO opened at $257.44 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38. The company has a market cap of $27.75 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 3.42 and a beta of 0.81. The company’s 50 day moving average is $273.95 and its 200 day moving average is $256.96.
Tractor Supply Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were paid a $1.10 dividend. The ex-dividend date was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.71%. Tractor Supply’s payout ratio is presently 42.84%.
Analyst Ratings Changes
TSCO has been the topic of several research analyst reports. Wedbush reiterated a “neutral” rating and set a $235.00 price target on shares of Tractor Supply in a research report on Tuesday, April 23rd. Morgan Stanley lifted their target price on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a report on Friday, April 26th. Piper Sandler upped their price target on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Robert W. Baird lifted their price objective on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Benchmark reissued a “buy” rating and issued a $256.00 target price on shares of Tractor Supply in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $254.38.
Check Out Our Latest Report on TSCO
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.
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