Tractor Supply Company $TSCO Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC raised its stake in Tractor Supply Company (NASDAQ:TSCO) by 630.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,241 shares of the specialty retailer’s stock after purchasing an additional 48,542 shares during the quarter. Parallel Advisors LLC’s holdings in Tractor Supply were worth $2,548,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TSCO. JPL Wealth Management LLC acquired a new position in Tractor Supply in the 3rd quarter valued at $28,000. Garner Asset Management Corp acquired a new position in shares of Tractor Supply during the fourth quarter worth about $25,000. Reflection Asset Management acquired a new position in Tractor Supply during the 4th quarter worth approximately $26,000. Core Wealth Advisors LLC acquired a new stake in shares of Tractor Supply in the 4th quarter valued at approximately $27,000. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Tractor Supply in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Performance

TSCO opened at $29.64 on Wednesday. Tractor Supply Company has a 1-year low of $28.36 and a 1-year high of $63.99. The stock has a market cap of $15.54 billion, a P/E ratio of 14.53, a P/E/G ratio of 6.57 and a beta of 0.46. The stock’s 50 day simple moving average is $30.64 and its 200 day simple moving average is $41.60. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share. As a group, equities analysts anticipate that Tractor Supply Company will post 2.08 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were given a $0.24 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.2%. Tractor Supply’s dividend payout ratio (DPR) is currently 47.06%.

Analyst Upgrades and Downgrades

TSCO has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $51.00 price objective on shares of Tractor Supply in a report on Tuesday, April 21st. TD Cowen restated a “hold” rating on shares of Tractor Supply in a research report on Wednesday, July 15th. Weiss Ratings cut shares of Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Morgan Stanley cut their price target on shares of Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Finally, Daiwa Securities Group reduced their price objective on shares of Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.88.

Tractor Supply Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.