Cetera Advisor Networks LLC Acquires 1,133 Shares of Tractor Supply (NASDAQ:TSCO)

Cetera Advisor Networks LLC grew its holdings in Tractor Supply (NASDAQ:TSCO) by 6.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,721 shares of the specialty retailer’s stock after acquiring an additional 1,133 shares during the period. Cetera Advisor Networks LLC’s holdings in Tractor Supply were worth $4,139,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Tractor Supply by 99,846.1% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,249,710 shares of the specialty retailer’s stock worth $939,611,000 after buying an additional 4,245,458 shares during the period. Norges Bank acquired a new position in Tractor Supply during the 4th quarter valued at $264,936,000. Alliancebernstein L.P. raised its stake in Tractor Supply by 84.0% during the 4th quarter. Alliancebernstein L.P. now owns 2,159,008 shares of the specialty retailer’s stock valued at $485,712,000 after purchasing an additional 985,799 shares during the last quarter. Morgan Stanley raised its stake in Tractor Supply by 30.8% during the 4th quarter. Morgan Stanley now owns 1,642,115 shares of the specialty retailer’s stock valued at $369,427,000 after purchasing an additional 387,155 shares during the last quarter. Finally, Provident Trust Co. acquired a new position in Tractor Supply during the 2nd quarter valued at $70,875,000. 90.38% of the stock is owned by institutional investors.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $200.71 on Tuesday. The company has a market capitalization of $21.70 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 2.94 and a beta of 0.85. The firm’s 50 day simple moving average is $202.34 and its 200 day simple moving average is $213.94. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.52 and a quick ratio of 0.30. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $251.17.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, October 26th. The specialty retailer reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.06. The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.46 billion. Tractor Supply had a net margin of 7.58% and a return on equity of 55.43%. As a group, sell-side analysts forecast that Tractor Supply will post 10.04 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Monday, November 27th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, November 24th. Tractor Supply’s payout ratio is currently 40.23%.

Wall Street Analyst Weigh In

TSCO has been the subject of several research analyst reports. Raymond James cut their target price on shares of Tractor Supply from $255.00 to $235.00 and set a “strong-buy” rating for the company in a research note on Tuesday, October 10th. UBS Group dropped their price objective on shares of Tractor Supply from $247.00 to $230.00 and set a “neutral” rating for the company in a research note on Friday, July 28th. Morgan Stanley dropped their price objective on shares of Tractor Supply from $210.00 to $195.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. Citigroup dropped their price objective on shares of Tractor Supply from $207.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Finally, Piper Sandler dropped their price objective on shares of Tractor Supply from $262.00 to $256.00 and set an “overweight” rating for the company in a research note on Friday, July 28th. Eleven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.42.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.