Taylor Frigon Capital Management LLC Has $1.59 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Taylor Frigon Capital Management LLC lifted its stake in Tractor Supply (NASDAQ:TSCO) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,476 shares of the specialty retailer’s stock after acquiring an additional 49 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Tractor Supply were worth $1,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TSCO. X Square Capital LLC increased its holdings in Tractor Supply by 8.4% during the third quarter. X Square Capital LLC now owns 2,795 shares of the specialty retailer’s stock worth $813,000 after buying an additional 216 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Tractor Supply by 29,058.6% during the 3rd quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock worth $67,865,000 after purchasing an additional 232,469 shares during the last quarter. Weaver Capital Management LLC increased its stake in shares of Tractor Supply by 25.4% during the 3rd quarter. Weaver Capital Management LLC now owns 3,084 shares of the specialty retailer’s stock worth $897,000 after purchasing an additional 624 shares during the last quarter. Liberty Capital Management Inc. lifted its stake in Tractor Supply by 3.3% in the 3rd quarter. Liberty Capital Management Inc. now owns 10,649 shares of the specialty retailer’s stock valued at $3,098,000 after purchasing an additional 341 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Tractor Supply by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock valued at $2,238,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Piper Sandler upped their price objective on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Benchmark reaffirmed a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a report on Monday. Wedbush reaffirmed a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a research report on Friday, July 26th. Citigroup lowered shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $272.50.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Tractor Supply Price Performance

TSCO stock traded down $15.66 during midday trading on Thursday, reaching $276.43. The company had a trading volume of 1,000,430 shares, compared to its average volume of 1,047,885. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $307.64. The stock has a 50 day moving average price of $281.82 and a 200-day moving average price of $272.88. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. The company has a market capitalization of $29.82 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 3.66 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting the consensus estimate of $3.93. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.83 EPS. Equities research analysts expect that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.59%. Tractor Supply’s dividend payout ratio is currently 42.43%.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.