MBB Public Markets I LLC Invests $2.04 Million in Tractor Supply (NASDAQ:TSCO)

MBB Public Markets I LLC purchased a new position in Tractor Supply (NASDAQ:TSCO) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,565 shares of the specialty retailer’s stock, valued at approximately $2,043,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Tractor Supply by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock valued at $2,753,432,000 after acquiring an additional 48,439 shares in the last quarter. Capital International Investors raised its holdings in Tractor Supply by 7.6% during the fourth quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock valued at $1,340,589,000 after acquiring an additional 439,954 shares during the period. Capital World Investors boosted its stake in Tractor Supply by 10.0% in the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after purchasing an additional 531,170 shares during the period. Wellington Management Group LLP increased its holdings in Tractor Supply by 63.2% in the 4th quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock valued at $990,526,000 after acquiring an additional 1,784,304 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Tractor Supply by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after buying an additional 368,859 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several analyst reports. Benchmark reiterated a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Tractor Supply in a research note on Thursday, July 25th. Wells Fargo & Company lifted their price target on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Truist Financial lifted their target price on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Wedbush reaffirmed a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $260.83.

Tractor Supply Trading Up 0.3 %

TSCO opened at $286.14 on Monday. The stock has a market capitalization of $30.85 billion, a PE ratio of 27.86, a P/E/G ratio of 3.49 and a beta of 0.80. Tractor Supply has a one year low of $185.00 and a one year high of $290.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. The business’s 50 day moving average price is $268.74 and its 200 day moving average price is $267.97.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same period last year, the company earned $3.83 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts expect that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were given a dividend of $1.10 per share. The ex-dividend date was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.54%. Tractor Supply’s payout ratio is currently 42.84%.

Insider Activity at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.24% of the stock is owned by insiders.

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.