B. Riley Wealth Advisors Inc. Purchases 3,201 Shares of Tractor Supply (NASDAQ:TSCO)

B. Riley Wealth Advisors Inc. lifted its position in shares of Tractor Supply (NASDAQ:TSCO – Get Rating) by 70.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,740 shares of the specialty retailer’s stock after purchasing an additional 3,201 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Tractor Supply were worth $1,439,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TSCO. Synovus Financial Corp lifted its position in Tractor Supply by 1.9% in the 1st quarter. Synovus Financial Corp now owns 5,006 shares of the specialty retailer’s stock valued at $1,166,000 after acquiring an additional 93 shares in the last quarter. Cibc World Market Inc. lifted its position in Tractor Supply by 10.4% in the 1st quarter. Cibc World Market Inc. now owns 12,622 shares of the specialty retailer’s stock valued at $2,946,000 after acquiring an additional 1,186 shares in the last quarter. Sei Investments Co. lifted its position in Tractor Supply by 12.1% in the 1st quarter. Sei Investments Co. now owns 75,163 shares of the specialty retailer’s stock valued at $17,565,000 after acquiring an additional 8,129 shares in the last quarter. Prudential PLC bought a new stake in Tractor Supply in the 1st quarter valued at $611,000. Finally, Cetera Investment Advisers lifted its position in Tractor Supply by 15.8% in the 1st quarter. Cetera Investment Advisers now owns 6,238 shares of the specialty retailer’s stock valued at $1,456,000 after acquiring an additional 849 shares in the last quarter. 84.13% of the stock is owned by institutional investors.

Insider Activity at Tractor Supply

In related news, EVP Colin Yankee sold 653 shares of the company’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $231.92, for a total value of $151,443.76. Following the transaction, the executive vice president now owns 13,536 shares in the company, valued at approximately $3,139,269.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Tractor Supply news, EVP Melissa Kersey sold 1,700 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $237.57, for a total transaction of $403,869.00. Following the transaction, the executive vice president now owns 8,051 shares in the company, valued at approximately $1,912,676.07. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Colin Yankee sold 653 shares of the stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $231.92, for a total transaction of $151,443.76. Following the transaction, the executive vice president now owns 13,536 shares in the company, valued at approximately $3,139,269.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,091 shares of company stock worth $8,840,560. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TSCO. Wells Fargo & Company boosted their price objective on shares of Tractor Supply from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Monday, December 5th. Cowen initiated coverage on shares of Tractor Supply in a research report on Thursday, February 16th. They set a “market perform” rating and a $245.00 price target on the stock. Truist Financial boosted their price target on shares of Tractor Supply from $237.00 to $273.00 and gave the stock a “buy” rating in a research report on Friday, January 27th. JPMorgan Chase & Co. boosted their price target on shares of Tractor Supply from $219.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday, January 27th. Finally, Gordon Haskett raised shares of Tractor Supply from an “accumulate” rating to a “buy” rating and boosted their price target for the stock from $235.00 to $255.00 in a research report on Friday, February 10th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Tractor Supply currently has an average rating of “Moderate Buy” and a consensus price target of $246.10.

Tractor Supply Stock Down 1.2 %

Shares of TSCO opened at $232.44 on Friday. Tractor Supply has a 52 week low of $166.49 and a 52 week high of $241.54. The firm has a market cap of $25.58 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.22 and a beta of 0.83. The firm’s 50-day simple moving average is $227.70 and its 200 day simple moving average is $214.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.19 and a current ratio of 1.33.

Tractor Supply (NASDAQ:TSCO – Get Rating) last announced its quarterly earnings results on Thursday, January 26th. The specialty retailer reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.08. Tractor Supply had a net margin of 7.66% and a return on equity of 56.65%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same quarter in the prior year, the business earned $1.93 EPS. Tractor Supply’s quarterly revenue was up 20.7% on a year-over-year basis. On average, analysts forecast that Tractor Supply will post 10.47 earnings per share for the current year.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 14th. Investors of record on Monday, February 27th were paid a $1.03 dividend. The ex-dividend date of this dividend was Friday, February 24th. This represents a $4.12 dividend on an annualized basis and a yield of 1.77%. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.92. Tractor Supply’s dividend payout ratio is 42.43%.

Tractor Supply Profile

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Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.