Lifestyle Asset Management Inc. Decreases Stake in Tractor Supply (NASDAQ:TSCO)

Lifestyle Asset Management Inc. lowered its holdings in Tractor Supply (NASDAQ:TSCO) by 9.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,394 shares of the specialty retailer’s stock after selling 447 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Tractor Supply were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of TSCO. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply during the first quarter valued at about $26,000. Rise Advisors LLC raised its position in Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 66 shares during the period. Private Wealth Management Group LLC purchased a new stake in Tractor Supply during the fourth quarter valued at approximately $27,000. Pinnacle Bancorp Inc. purchased a new stake in Tractor Supply during the fourth quarter valued at approximately $28,000. Finally, VisionPoint Advisory Group LLC raised its holdings 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 worth $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.

Wall Street Analyst Weigh In

TSCO has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Raymond James increased their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. 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. Mizuho reaffirmed a “neutral” rating and set a $250.00 target price (up previously from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Finally, Telsey Advisory Group increased their target price on Tractor Supply from $280.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Tractor Supply presently has an average rating of “Hold” and an average target price of $253.96.

Tractor Supply Stock Down 1.6 %

NASDAQ:TSCO traded down $4.38 during trading hours on Wednesday, hitting $261.65. The company’s stock had a trading volume of 766,338 shares, compared to its average volume of 1,156,668. The stock has a market capitalization of $28.21 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 3.51 and a beta of 0.81. The stock has a fifty day moving average of $275.47 and a 200-day moving average of $251.36. 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 52-week low of $185.00 and a 52-week high of $290.38.

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

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s payout ratio is 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.