Berman Capital Advisors LLC Acquires 350 Shares of Tractor Supply (NASDAQ:TSCO)

Berman Capital Advisors LLC boosted its holdings in Tractor Supply (NASDAQ:TSCO) by 106.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 680 shares of the specialty retailer’s stock after buying an additional 350 shares during the quarter. Berman Capital Advisors LLC’s holdings in Tractor Supply were worth $126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TSCO. Clearbridge Investments LLC raised its holdings in Tractor Supply by 156,985.0% in the 1st quarter. Clearbridge Investments LLC now owns 3,141,699 shares of the specialty retailer’s stock valued at $556,332,000 after buying an additional 3,139,699 shares during the last quarter. American Century Companies Inc. raised its holdings in Tractor Supply by 3,576.2% in the 2nd quarter. American Century Companies Inc. now owns 472,055 shares of the specialty retailer’s stock valued at $87,831,000 after buying an additional 459,214 shares during the last quarter. Amundi Asset Management US Inc. raised its holdings in Tractor Supply by 54.1% in the 1st quarter. Amundi Asset Management US Inc. now owns 1,230,204 shares of the specialty retailer’s stock valued at $217,937,000 after buying an additional 431,951 shares during the last quarter. Zurich Insurance Group Ltd FI raised its holdings in Tractor Supply by 186.3% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 608,098 shares of the specialty retailer’s stock valued at $107,682,000 after buying an additional 395,698 shares during the last quarter. Finally, Chilton Investment Co. LLC raised its holdings in Tractor Supply by 249.9% in the 1st quarter. Chilton Investment Co. LLC now owns 295,355 shares of the specialty retailer’s stock valued at $52,301,000 after buying an additional 210,936 shares during the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

NASDAQ TSCO opened at $210.72 on Friday. The stock has a market capitalization of $24.09 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 2.66 and a beta of 1.03. Tractor Supply has a one year low of $127.78 and a one year high of $213.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.71 and a quick ratio of 0.76. The business’s fifty day moving average is $194.31 and its 200-day moving average is $186.01.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Sunday, July 18th. The specialty retailer reported $3.19 EPS for the quarter, topping the Zacks’ consensus estimate of $2.94 by $0.25. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Tractor Supply had a return on equity of 49.01% and a net margin of 7.39%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.90 EPS. Research analysts expect that Tractor Supply will post 7.96 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 8th. Stockholders of record on Monday, August 23rd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, August 20th. Tractor Supply’s payout ratio is 30.28%.

A number of research analysts recently issued reports on TSCO shares. Benchmark started coverage on shares of Tractor Supply in a report on Tuesday, August 3rd. They issued a “buy” rating and a $219.00 price objective for the company. Northcoast Research raised shares of Tractor Supply from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research report on Thursday, July 1st. Piper Sandler increased their target price on shares of Tractor Supply from $210.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, July 15th. Credit Suisse Group increased their target price on shares of Tractor Supply from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Tuesday, July 20th. Finally, Zacks Investment Research downgraded shares of Tractor Supply from a “buy” rating to a “hold” rating and set a $214.00 target price for the company. in a research report on Tuesday, September 14th. Eleven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $193.73.

In related news, CFO Kurt D. Barton sold 3,527 shares of the business’s stock in a transaction dated Monday, September 13th. The stock was sold at an average price of $205.37, for a total value of $724,339.99. Following the sale, the chief financial officer now directly owns 38,708 shares in the company, valued at approximately $7,949,461.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John P. Ordus sold 19,429 shares of the business’s stock in a transaction dated Friday, September 10th. The shares were sold at an average price of $205.00, for a total value of $3,982,945.00. The disclosure for this sale can be found here. Insiders have sold a total of 26,742 shares of company stock worth $5,456,913 over the last quarter. Company insiders own 0.70% of the company’s stock.

Tractor Supply Profile

Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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