Moss Adams Wealth Advisors LLC Invests $219,000 in Tractor Supply (NASDAQ:TSCO)

Moss Adams Wealth Advisors LLC purchased a new stake in Tractor Supply (NASDAQ:TSCO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 752 shares of the specialty retailer’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Tractor Supply during the first quarter valued at about $26,000. LRI Investments LLC acquired a new position in Tractor Supply during the 1st quarter valued at about $28,000. J.Safra Asset Management Corp increased its holdings in Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 98 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Tractor Supply in the second quarter valued at approximately $33,000. Institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply 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 approximately $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $297.62 on Friday. The stock has a 50 day moving average price of $279.96 and a two-hundred day moving average price of $272.03. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $307.64. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. The company has a market capitalization of $32.09 billion, a P/E ratio of 28.98, a PEG ratio of 3.81 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the prior year, the company earned $3.83 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. Analysts expect that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TSCO shares. Telsey Advisory Group increased their price target on Tractor Supply from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday. Evercore ISI downgraded shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 target price for the company. in a report on Thursday, October 3rd. Piper Sandler boosted their price target on shares of Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. JPMorgan Chase & Co. upped their price objective on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Benchmark reissued a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a research report on Monday, September 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $272.50.

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.