Eurizon Capital SGR S.p.A. acquired a new position in Tractor Supply Company (NASDAQ:TSCO – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 151,811 shares of the specialty retailer’s stock, valued at approximately $7,596,000.
Other institutional investors have also recently made changes to their positions in the company. JPL Wealth Management LLC bought a new position in shares of Tractor Supply in the 3rd quarter worth approximately $28,000. Garner Asset Management Corp bought a new position in shares of Tractor Supply in the 4th quarter worth approximately $25,000. Aventura Private Wealth LLC bought a new position in shares of Tractor Supply in the 4th quarter worth approximately $27,000. Valley Wealth Managers Inc. bought a new position in shares of Tractor Supply in the 4th quarter worth approximately $32,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Tractor Supply in the 4th quarter worth approximately $35,000. Institutional investors own 98.72% of the company’s stock.
Tractor Supply Trading Up 0.8%
Shares of TSCO opened at $31.78 on Tuesday. 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 Company has a 1 year low of $29.42 and a 1 year high of $63.99. The company has a 50 day simple moving average of $38.19 and a two-hundred day simple moving average of $47.31. The firm has a market cap of $16.67 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 2.36 and a beta of 0.47.
Tractor Supply Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, May 27th. Tractor Supply’s dividend payout ratio is currently 47.06%.
Analyst Ratings Changes
TSCO has been the topic of several recent research reports. Citigroup lowered their price objective on shares of Tractor Supply from $55.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Jefferies Financial Group reiterated a “buy” rating and issued a $51.00 price objective on shares of Tractor Supply in a research note on Tuesday, April 21st. Wells Fargo & Company lowered their price objective on shares of Tractor Supply from $55.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Robert W. Baird set a $60.00 price objective on shares of Tractor Supply and gave the stock an “outperform” rating in a research note on Friday, April 17th. Finally, Piper Sandler cut shares of Tractor Supply from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $51.00 to $36.00 in a research note on Tuesday, May 5th. Fourteen research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.
View Our Latest Stock Report on Tractor Supply
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.
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