Advyzon Investment Management LLC Has $388,000 Holdings in Tractor Supply Company (NASDAQ:TSCO)

Advyzon Investment Management LLC grew its stake in Tractor Supply Company (NASDAQ:TSCO) by 15.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,033 shares of the specialty retailer’s stock after buying an additional 957 shares during the period. Advyzon Investment Management LLC’s holdings in Tractor Supply were worth $388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSCO. Capital World Investors lifted its position in shares of Tractor Supply by 403.7% in the fourth quarter. Capital World Investors now owns 19,433,135 shares of the specialty retailer’s stock worth $1,031,122,000 after buying an additional 15,575,311 shares during the last quarter. Capital International Investors lifted its position in shares of Tractor Supply by 334.7% in the fourth quarter. Capital International Investors now owns 15,429,288 shares of the specialty retailer’s stock worth $818,421,000 after buying an additional 11,880,010 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Tractor Supply by 287.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,417,152 shares of the specialty retailer’s stock worth $552,735,000 after buying an additional 7,729,628 shares during the last quarter. Invesco Ltd. lifted its position in shares of Tractor Supply by 407.9% in the fourth quarter. Invesco Ltd. now owns 8,766,224 shares of the specialty retailer’s stock worth $465,136,000 after buying an additional 7,040,165 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Tractor Supply by 398.6% in the fourth quarter. Stifel Financial Corp now owns 8,233,999 shares of the specialty retailer’s stock worth $436,899,000 after buying an additional 6,582,562 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling

In other news, EVP Colin Yankee sold 6,680 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the sale, the executive vice president directly owned 40,142 shares in the company, valued at approximately $2,344,292.80. This represents a 14.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Denise L. Jackson sold 1,165 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $58.50, for a total value of $68,152.50. Following the completion of the sale, the director owned 31,123 shares in the company, valued at approximately $1,820,695.50. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 207,490 shares of company stock worth $12,216,998. Insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on TSCO shares. Loop Capital boosted their price objective on Tractor Supply from $48.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, July 25th. Telsey Advisory Group set a $70.00 price target on Tractor Supply in a report on Friday, July 25th. Raymond James Financial reiterated an “outperform” rating and set a $65.00 price target (up from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. Bank of America upgraded Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price target for the company in a report on Thursday, July 24th. Finally, Evercore ISI upped their price target on Tractor Supply from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Friday, July 25th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.80.

Tractor Supply Trading Up 3.2%

Shares of TSCO opened at $59.50 on Tuesday. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $31.55 billion, a price-to-earnings ratio of 29.20, a P/E/G ratio of 2.96 and a beta of 0.75. The stock’s 50-day moving average price is $54.17 and its 200 day moving average price is $53.56.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same period in the prior year, the company posted $3.93 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. As a group, research analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Wednesday, May 28th. Tractor Supply’s dividend payout ratio is currently 45.10%.

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.