IHT Wealth Management LLC Acquires 1,126 Shares of Tractor Supply (NASDAQ:TSCO)

IHT Wealth Management LLC grew its holdings in shares of Tractor Supply (NASDAQ:TSCO – Get Rating) by 56.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,132 shares of the specialty retailer’s stock after acquiring an additional 1,126 shares during the period. IHT Wealth Management LLC’s holdings in Tractor Supply were worth $582,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TSCO. Wagner Wealth Management LLC bought a new position in shares of Tractor Supply during the second quarter valued at $30,000. Guardian Wealth Advisors LLC bought a new position in shares of Tractor Supply during the third quarter valued at $34,000. CoreFirst Bank & Trust bought a new position in shares of Tractor Supply during the second quarter valued at $39,000. Trust Co. of Vermont raised its stake in shares of Tractor Supply by 90.1% during the third quarter. Trust Co. of Vermont now owns 211 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 100 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Tractor Supply by 157.8% during the second quarter. Brown Brothers Harriman & Co. now owns 214 shares of the specialty retailer’s stock valued at $41,000 after acquiring an additional 131 shares during the last quarter. Institutional investors own 84.13% of the company’s stock.

Insiders Place Their Bets

In other Tractor Supply 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 completion of the sale, the executive vice president now directly owns 13,536 shares of the company’s stock, valued at approximately $3,139,269.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tractor Supply 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 completion of the sale, the executive vice president now directly owns 13,536 shares of the company’s stock, valued at approximately $3,139,269.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melissa Kersey sold 1,700 shares of the company’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $237.57, for a total transaction of $403,869.00. Following the completion of the sale, the executive vice president now directly owns 8,051 shares of the company’s stock, valued at $1,912,676.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,091 shares of company stock valued at $8,840,560. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

TSCO has been the subject of a number of analyst reports. Credit Suisse Group began coverage on shares of Tractor Supply in a research note on Monday, December 19th. They set an “outperform” rating and a $260.00 target price for the company. Morgan Stanley boosted their target price on shares of Tractor Supply from $215.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, January 27th. Truist Financial boosted their target price on shares of Tractor Supply from $237.00 to $273.00 and gave the company a “buy” rating in a report on Friday, January 27th. Piper Sandler boosted their target price on shares of Tractor Supply from $256.00 to $264.00 in a report on Wednesday. Finally, Barclays began coverage on shares of Tractor Supply in a report on Tuesday, February 7th. They issued an “overweight” rating and a $254.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $246.10.

Tractor Supply Trading Down 1.2 %

NASDAQ:TSCO opened at $232.44 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.33 and a quick ratio of 0.19. The firm has a 50-day moving average of $227.70 and a 200-day moving average of $214.70. The company has a market cap of $25.58 billion, a PE ratio of 23.94, a PEG ratio of 2.22 and a beta of 0.83. Tractor Supply has a one year low of $166.49 and a one year high of $241.54.

Tractor Supply (NASDAQ:TSCO – Get Rating) last posted its earnings results on Thursday, January 26th. The specialty retailer reported $2.43 EPS for the quarter, topping the consensus estimate of $2.35 by $0.08. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.88 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 56.65%. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.93 earnings per share. As a group, equities research analysts expect that Tractor Supply will post 10.47 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 14th. Shareholders of record on Monday, February 27th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 1.77%. This is an increase from Tractor Supply’s previous quarterly dividend of $0.92. The ex-dividend date was Friday, February 24th. Tractor Supply’s dividend payout ratio is presently 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.