Diversified Trust Co Has $942,000 Stock Position in Tractor Supply (NASDAQ:TSCO)

Diversified Trust Co decreased its stake in shares of Tractor Supply (NASDAQ:TSCO) by 15.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,601 shares of the specialty retailer’s stock after selling 644 shares during the quarter. Diversified Trust Co’s holdings in Tractor Supply were worth $942,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. SteelPeak Wealth LLC increased its position in shares of Tractor Supply by 25.0% during the 1st quarter. SteelPeak Wealth LLC now owns 3,334 shares of the specialty retailer’s stock worth $873,000 after purchasing an additional 667 shares during the last quarter. Red Door Wealth Management LLC acquired a new position in shares of Tractor Supply during the 1st quarter worth approximately $206,000. Atticus Wealth Management LLC increased its position in shares of Tractor Supply by 351.0% during the 1st quarter. Atticus Wealth Management LLC now owns 451 shares of the specialty retailer’s stock worth $118,000 after purchasing an additional 351 shares during the last quarter. Brown Miller Wealth Management LLC increased its position in shares of Tractor Supply by 157.8% during the 1st quarter. Brown Miller Wealth Management LLC now owns 7,695 shares of the specialty retailer’s stock worth $2,014,000 after purchasing an additional 4,710 shares during the last quarter. Finally, Home Federal Bank of Tennessee acquired a new position in shares of Tractor Supply during the 1st quarter worth approximately $214,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

TSCO has been the subject of several research analyst reports. Telsey Advisory Group lifted their target price on Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Barclays lifted their target price on Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Wedbush reiterated a “neutral” rating and set a $235.00 target price on shares of Tractor Supply in a research note on Tuesday, April 23rd. Truist Financial lifted their target price on Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Robert W. Baird lifted their target price on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Tractor Supply currently has a consensus rating of “Hold” and an average price target of $254.17.

Tractor Supply Price Performance

Shares of TSCO opened at $267.74 on Tuesday. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38. The business has a 50-day simple moving average of $275.20 and a two-hundred day simple moving average of $250.94. 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 has a market cap of $28.87 billion, a PE ratio of 26.07, a PEG ratio of 3.51 and a beta of 0.81.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts anticipate that Tractor Supply will post 10.34 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were given a $1.10 dividend. The ex-dividend date was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.64%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Tractor Supply Profile

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.