Universal Beteiligungs und Servicegesellschaft mbH Purchases 25,058 Shares of Tractor Supply Company $TSCO

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 400,407 shares of the specialty retailer’s stock after acquiring an additional 25,058 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Tractor Supply worth $22,771,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Bison Wealth LLC increased its stake in shares of Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares in the last quarter. Woodline Partners LP boosted its holdings in Tractor Supply by 40.7% in the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after buying an additional 13,051 shares during the period. Intech Investment Management LLC boosted its holdings in Tractor Supply by 26.9% in the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after buying an additional 5,542 shares during the period. Assenagon Asset Management S.A. grew its stake in Tractor Supply by 4.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 30,732 shares of the specialty retailer’s stock valued at $1,622,000 after buying an additional 1,397 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in Tractor Supply by 133.4% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 28,951 shares of the specialty retailer’s stock valued at $1,528,000 after acquiring an additional 16,546 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 0.4%

Shares of NASDAQ:TSCO opened at $53.40 on Friday. The stock’s 50-day moving average price is $52.26 and its 200-day moving average price is $55.82. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The stock has a market capitalization of $28.22 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.49 and a beta of 0.74. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. On average, equities analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were issued a $0.23 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.92 annualized dividend and a yield of 1.7%. Tractor Supply’s payout ratio is 44.23%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TSCO shares. Morgan Stanley raised Tractor Supply from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $50.00 to $60.00 in a report on Friday, October 24th. Truist Financial set a $55.00 price objective on Tractor Supply and gave the stock a “hold” rating in a report on Friday, January 16th. UBS Group set a $57.00 target price on Tractor Supply and gave the stock a “neutral” rating in a research note on Friday, January 16th. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price target on shares of Tractor Supply in a research report on Thursday, October 23rd. Finally, Robert W. Baird increased their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.81.

About Tractor Supply

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.