Town & Country Bank & Trust CO dba First Bankers Trust CO Has $1.68 Million Stock Position in Tractor Supply (NASDAQ:TSCO)

Town & Country Bank & Trust CO dba First Bankers Trust CO cut its holdings in Tractor Supply (NASDAQ:TSCO) by 4.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,429 shares of the specialty retailer’s stock after selling 300 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Tractor Supply were worth $1,683,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply in the first quarter valued at approximately $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Tractor Supply in the fourth quarter valued at approximately $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Tractor Supply in the fourth quarter valued at approximately $28,000. Rise Advisors LLC raised its position in shares of Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 66 shares in the last quarter. Finally, VisionPoint Advisory Group LLC raised its position in shares of Tractor Supply by 105.6% in the third 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 in the last quarter. 98.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TSCO. JPMorgan Chase & Co. lifted their price target on shares of Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Benchmark reissued a “buy” rating and issued a $256.00 price objective on shares of Tractor Supply in a research note on Monday, April 22nd. Wells Fargo & Company lifted their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. Raymond James lifted their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Wedbush reissued a “neutral” rating and issued a $235.00 price objective on shares of Tractor Supply in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $254.17.

Tractor Supply Trading Up 0.9 %

TSCO stock traded up $2.45 during midday trading on Friday, hitting $270.00. The stock had a trading volume of 1,701,059 shares, compared to its average volume of 1,242,692. The firm has a market cap of $29.11 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 3.51 and a beta of 0.83. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The business has a fifty day moving average price of $274.91 and a two-hundred day moving average price of $250.42.

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

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 annualized dividend and a dividend yield of 1.63%. Tractor Supply’s dividend payout ratio is currently 42.84%.

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.