Brown Miller Wealth Management LLC Raises Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Brown Miller Wealth Management LLC raised its position in shares of Tractor Supply (NASDAQ:TSCO) by 157.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,695 shares of the specialty retailer’s stock after acquiring an additional 4,710 shares during the period. Brown Miller Wealth Management LLC’s holdings in Tractor Supply were worth $2,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new stake in Tractor Supply during the 1st quarter valued at $26,000. Private Wealth Management Group LLC purchased a new stake in Tractor Supply during the 4th quarter valued at $27,000. Pinnacle Bancorp Inc. purchased a new stake in Tractor Supply during the 4th quarter valued at $28,000. Rise Advisors LLC raised its holdings in Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 66 shares during the period. Finally, VisionPoint Advisory Group LLC raised its holdings in Tractor Supply by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 76 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 0.9 %

Tractor Supply stock traded up $2.45 during midday trading on Friday, reaching $270.00. The company’s stock had a trading volume of 1,701,059 shares, compared to its average volume of 1,242,692. The stock’s 50-day simple moving average is $274.91 and its 200-day simple moving average is $250.42. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $290.38. The stock has a market capitalization of $29.11 billion, a P/E ratio of 26.29, a PEG ratio of 3.51 and a beta of 0.83.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the business posted $1.65 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts expect that Tractor Supply will post 10.34 EPS for the current year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Analyst Ratings Changes

Several research firms recently weighed in on TSCO. Raymond James increased their price target on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Evercore ISI upped their price objective on Tractor Supply from $290.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Morgan Stanley upped their price objective on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Piper Sandler upped their price objective on Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $250.00 price objective (up previously from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $254.17.

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.