Compass Wealth Management LLC Acquires Shares of 25,351 Tractor Supply Company $TSCO

Compass Wealth Management LLC bought a new position in Tractor Supply Company (NASDAQ:TSCO) in the third quarter, HoldingsChannel.com reports. The fund bought 25,351 shares of the specialty retailer’s stock, valued at approximately $1,442,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its stake in Tractor Supply by 5.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 97,084 shares of the specialty retailer’s stock worth $5,522,000 after acquiring an additional 5,433 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of Tractor Supply by 4.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 121,994 shares of the specialty retailer’s stock worth $6,938,000 after purchasing an additional 4,747 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Tractor Supply by 2.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 100,333 shares of the specialty retailer’s stock worth $5,706,000 after purchasing an additional 1,993 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in Tractor Supply by 20.5% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 47,583 shares of the specialty retailer’s stock valued at $2,707,000 after purchasing an additional 8,093 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Tractor Supply by 33.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,697 shares of the specialty retailer’s stock valued at $95,000 after buying an additional 428 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TSCO shares. DA Davidson set a $70.00 price objective on shares of Tractor Supply in a report on Friday, October 24th. Jefferies Financial Group raised Tractor Supply from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Morgan Stanley upgraded Tractor Supply from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $50.00 to $60.00 in a research report on Friday, October 24th. Stephens set a $53.00 target price on Tractor Supply and gave the stock an “equal weight” rating in a report on Thursday. Finally, Evercore ISI raised Tractor Supply from a “hold” rating to an “outperform” rating and lifted their price target for the company from $60.00 to $65.00 in a report on Wednesday, November 5th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.81.

Tractor Supply Stock Up 1.6%

Shares of TSCO opened at $55.56 on Tuesday. The business’s fifty day moving average price is $52.28 and its two-hundred day moving average price is $55.78. The firm has a market capitalization of $29.36 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 2.56 and a beta of 0.74. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, November 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 44.23%.

Tractor Supply Company 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.