InterOcean Capital Group LLC Takes Position in Tractor Supply (NASDAQ:TSCO)

InterOcean Capital Group LLC bought a new stake in Tractor Supply (NASDAQ:TSCO) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 982 shares of the specialty retailer’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSCO. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply during the first quarter worth about $26,000. Private Wealth Management Group LLC purchased a new stake in shares of Tractor Supply in the 4th quarter valued at $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Tractor Supply in the fourth quarter worth $28,000. Rise Advisors LLC raised its holdings in shares of Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 66 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its position in Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TSCO shares. Truist Financial lifted their price objective on Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a research note on Friday, April 26th. TD Cowen raised their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Morgan Stanley boosted their target price on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. Wells Fargo & Company lifted their price objective on shares of Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their price target on Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Tractor Supply presently has a consensus rating of “Hold” and a consensus target price of $254.38.

Tractor Supply Stock Down 1.9 %

NASDAQ:TSCO opened at $257.44 on Friday. Tractor Supply has a 52 week low of $185.00 and a 52 week 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 stock’s fifty day moving average is $273.95 and its two-hundred day moving average is $256.96. The stock has a market capitalization of $27.75 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 3.42 and a beta of 0.81.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, missing analysts’ consensus estimates of $3.94 by ($0.01). Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter last year, the business earned $3.83 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. Research analysts anticipate that Tractor Supply will post 10.33 EPS for the current year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.71%. Tractor Supply’s dividend payout ratio (DPR) is presently 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.