Norden Group LLC Buys 50,308 Shares of Tractor Supply (NASDAQ:TSCO)

Norden Group LLC lifted its stake in Tractor Supply (NASDAQ:TSCO) by 2,070.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,738 shares of the specialty retailer’s stock after buying an additional 50,308 shares during the period. Norden Group LLC’s holdings in Tractor Supply were worth $13,803,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply in the 1st quarter valued at approximately $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Tractor Supply during the 4th quarter worth approximately $27,000. Pinnacle Bancorp Inc. bought a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $28,000. Rise Advisors LLC raised its stake in shares of Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 66 shares in the last quarter. Finally, VisionPoint Advisory Group LLC lifted its position in Tractor Supply by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 76 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Trading Down 1.6 %

Shares of NASDAQ TSCO opened at $261.65 on Thursday. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38. The stock has a market cap of $28.21 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 3.46 and a beta of 0.81. 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 company’s fifty day moving average is $275.47 and its 200-day moving average is $251.36.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) 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 return on equity of 52.99% and a net margin of 7.66%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 earnings per share. Equities research analysts predict that Tractor Supply will post 10.34 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TSCO shares. Robert W. Baird boosted their price target on shares of Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 26th. TD Cowen upped their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Piper Sandler raised their price target on shares of Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Barclays lifted their price objective on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Finally, Evercore ISI dropped their target price on Tractor Supply from $295.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $253.96.

Tractor Supply Company 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.