GHP Investment Advisors Inc. Has $7.73 Million Stock Position in Tractor Supply (NASDAQ:TSCO)

GHP Investment Advisors Inc. grew its holdings in Tractor Supply (NASDAQ:TSCO) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,559 shares of the specialty retailer’s stock after purchasing an additional 552 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Tractor Supply were worth $7,727,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply in the first quarter worth about $26,000. LRI Investments LLC bought a new position in Tractor Supply during the first quarter worth about $28,000. Whittier Trust Co. lifted its position in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares during the period. J.Safra Asset Management Corp lifted its position in Tractor Supply by 700.0% during the first 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 during the period. Finally, OFI Invest Asset Management acquired a new stake in shares of Tractor Supply during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the business’s 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 sale, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the sale, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Tractor Supply Trading Down 0.6 %

Shares of NASDAQ TSCO traded down $1.52 during midday trading on Friday, reaching $272.77. 826,163 shares of the stock were exchanged, compared to its average volume of 1,052,698. Tractor Supply has a twelve month low of $185.00 and a twelve month 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 stock has a market capitalization of $29.41 billion, a P/E ratio of 26.56, a PEG ratio of 3.66 and a beta of 0.80. The company has a 50 day simple moving average of $282.24 and a 200 day simple moving average of $273.05.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.49 billion. As a group, equities analysts expect that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio is currently 42.84%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TSCO. Piper Sandler boosted their target price 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. Truist Financial lowered their price objective on Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a research note on Friday. Evercore ISI lowered shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective for the company. in a research note on Thursday, October 3rd. Telsey Advisory Group restated an “outperform” rating and set a $335.00 price target on shares of Tractor Supply in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their target price on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $277.70.

Tractor Supply 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.