Trueblood Wealth Management LLC Purchases 208 Shares of Tractor Supply (NASDAQ:TSCO)

Trueblood Wealth Management LLC increased its stake in shares of Tractor Supply (NASDAQ:TSCO) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,574 shares of the specialty retailer’s stock after acquiring an additional 208 shares during the quarter. Tractor Supply comprises approximately 0.8% of Trueblood Wealth Management LLC’s holdings, making the stock its 28th largest holding. Trueblood Wealth Management LLC’s holdings in Tractor Supply were worth $1,622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TSCO. Brookstone Capital Management increased its position in Tractor Supply by 20.1% during the first quarter. Brookstone Capital Management now owns 1,776 shares of the specialty retailer’s stock worth $465,000 after acquiring an additional 297 shares during the period. Future Financial Wealth Managment LLC bought a new position in Tractor Supply during the first quarter worth $26,000. Wealthcare Advisory Partners LLC bought a new position in Tractor Supply during the first quarter worth $332,000. Hennessy Advisors Inc. bought a new position in Tractor Supply during the first quarter worth $3,245,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in Tractor Supply during the first quarter worth $257,000. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Tractor Supply stock opened at $272.77 on Friday. The stock has a 50-day simple moving average of $282.24 and a 200 day simple moving average of $273.05. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $307.64. The stock has a market capitalization of $29.41 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 3.66 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.49 billion. On average, research analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a dividend of $1.10 per share. The ex-dividend date was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.61%. Tractor Supply’s dividend payout ratio is currently 42.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wedbush reaffirmed a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research report on Friday. Robert W. Baird set a $320.00 price target on shares of Tractor Supply in a research note on Thursday, October 17th. Citigroup downgraded shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. DA Davidson lifted their price target on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Melius Research assumed coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $277.70.

Insiders Place Their Bets

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

About Tractor Supply

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.