Nvwm LLC Has $638,000 Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Nvwm LLC decreased its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 6.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,436 shares of the specialty retailer’s stock after selling 167 shares during the period. Nvwm LLC’s holdings in Tractor Supply were worth $638,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new stake in shares of Tractor Supply in the first quarter valued at about $26,000. Rise Advisors LLC grew 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 buying an additional 66 shares during the period. Private Wealth Management Group LLC bought a new position in Tractor Supply during the fourth quarter valued at about $27,000. Pinnacle Bancorp Inc. bought a new position in Tractor Supply during the fourth quarter valued at about $28,000. Finally, VisionPoint Advisory Group LLC boosted its position in Tractor Supply by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of TSCO stock traded up $8.25 during trading hours on Friday, hitting $271.07. 948,644 shares of the company’s stock were exchanged, compared to its average volume of 1,172,416. The company has a market capitalization of $29.22 billion, a PE ratio of 26.39, a PEG ratio of 3.53 and a beta of 0.81. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38. The business’s 50 day simple moving average is $274.22 and its 200-day simple moving average is $253.79. 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 (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping the consensus estimate of $1.70 by $0.13. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $1.65 earnings per share. On average, equities research analysts anticipate that Tractor Supply will post 10.34 earnings per share for the current year.

Tractor Supply Announces Dividend

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 dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Analyst Ratings Changes

A number of equities analysts have weighed in on TSCO shares. Mizuho reiterated 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. Robert W. Baird increased their target price on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. TD Cowen increased their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Wells Fargo & Company increased their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Finally, Barclays increased their target price on shares of Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $253.96.

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.