West Oak Capital LLC Has $785,000 Position in Tractor Supply (NASDAQ:TSCO)

West Oak Capital LLC cut its position in shares of Tractor Supply (NASDAQ:TSCO) by 3.2% during the first quarter, Holdings Channel reports. The institutional investor owned 3,001 shares of the specialty retailer’s stock after selling 100 shares during the quarter. West Oak Capital LLC’s holdings in Tractor Supply were worth $785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Tractor Supply by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after purchasing an additional 48,439 shares in the last quarter. Capital International Investors grew its holdings in shares of Tractor Supply by 7.6% during the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after purchasing an additional 439,954 shares in the last quarter. Capital World Investors grew its holdings in shares of Tractor Supply by 10.0% during the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after purchasing an additional 531,170 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Tractor Supply by 63.2% during the 4th quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock worth $990,526,000 after purchasing an additional 1,784,304 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Tractor Supply by 0.4% during the 4th quarter. Stifel Financial Corp now owns 1,589,461 shares of the specialty retailer’s stock worth $341,793,000 after purchasing an additional 6,879 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TSCO. Raymond James lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Benchmark reaffirmed a “buy” rating and issued a $256.00 price target on shares of Tractor Supply in a research note on Monday, April 22nd. Morgan Stanley lifted their price objective on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Truist Financial lifted their price objective on Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Wells Fargo & Company lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tractor Supply has an average rating of “Hold” and an average price target of $253.96.

Tractor Supply Stock Performance

NASDAQ:TSCO traded down $1.71 during mid-day trading on Tuesday, hitting $266.03. 743,677 shares of the stock were exchanged, compared to its average volume of 1,159,764. The firm’s 50-day simple moving average is $275.40 and its 200 day simple moving average is $251.29. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $290.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. The stock has a market capitalization of $28.68 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.81.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the company earned $1.65 EPS. The company’s revenue was up 2.8% on a year-over-year basis. As a group, equities analysts anticipate that Tractor Supply will post 10.34 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were given a dividend of $1.10 per share. The ex-dividend date was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.65%. 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.