Tractor Supply Company $TSCO Shares Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR raised its holdings in Tractor Supply Company (NASDAQ:TSCO) by 26.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,111 shares of the specialty retailer’s stock after buying an additional 18,804 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Tractor Supply were worth $2,788,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. IFP Advisors Inc boosted its holdings in shares of Tractor Supply by 423.8% in the 2nd quarter. IFP Advisors Inc now owns 36,280 shares of the specialty retailer’s stock valued at $1,147,000 after purchasing an additional 29,354 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Tractor Supply by 71.9% during the 2nd quarter. Tidal Investments LLC now owns 172,799 shares of the specialty retailer’s stock valued at $5,462,000 after buying an additional 72,284 shares during the period. TimesSquare Capital Management LLC acquired a new stake in shares of Tractor Supply during the 2nd quarter worth $28,733,000. Nykredit A S acquired a new stake in shares of Tractor Supply during the 2nd quarter worth $6,691,000. Finally, BlackRock Inc. acquired a new stake in shares of Tractor Supply during the 2nd quarter worth $1,500,967,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In related news, Director Andre J. Hawaux acquired 3,150 shares of Tractor Supply stock in a transaction on Monday, August 3rd. The shares were bought at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the purchase, the director directly owned 3,150 shares in the company, valued at $100,264.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edna Morris purchased 1,560 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average price of $32.44 per share, with a total value of $50,606.40. Following the acquisition, the director owned 279,720 shares in the company, valued at $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 20,310 shares of company stock valued at $652,411 over the last three months. 0.64% of the stock is owned by company insiders.

Tractor Supply Price Performance

Tractor Supply stock opened at $33.65 on Friday. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $56.94. The firm has a fifty day moving average of $33.31 and a 200-day moving average of $38.36. The firm has a market capitalization of $17.65 billion, a P/E ratio of 18.09, a PEG ratio of 3.28 and a beta of 0.52. The company has a quick ratio of 0.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.86.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.82 billion. Tractor Supply had a net margin of 6.13% and a return on equity of 40.05%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. As a group, analysts predict that Tractor Supply Company will post 1.94 EPS for the current year.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, August 24th. Tractor Supply’s dividend payout ratio is currently 51.61%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TSCO. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $38.00 target price (down from $43.00) on shares of Tractor Supply in a research report on Friday, July 24th. Piper Sandler set a $35.00 price target on Tractor Supply in a research report on Friday, October 23rd. Wall Street Zen lowered Tractor Supply from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. UBS Group restated a “neutral” rating on shares of Tractor Supply in a research note on Monday, October 12th. Finally, Truist Financial set a $33.00 price objective on Tractor Supply and gave the stock a “hold” rating in a report on Monday, October 19th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Tractor Supply has a consensus rating of “Hold” and a consensus target price of $38.62.

Tractor Supply Profile

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.