Tractor Supply (NASDAQ:TSCO) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its stake in Tractor Supply (NASDAQ:TSCO) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 245,465 shares of the specialty retailer’s stock after purchasing an additional 17,244 shares during the quarter. American Century Companies Inc. owned about 0.23% of Tractor Supply worth $66,276,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in TSCO. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply during the first quarter worth about $26,000. LRI Investments LLC acquired a new stake in Tractor Supply during the 1st quarter worth approximately $28,000. Rise Advisors LLC raised its holdings in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 66 shares during the period. Whittier Trust Co. lifted its position in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Finally, J.Safra Asset Management Corp grew its stake 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 buying an additional 98 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 completion of the transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TSCO shares. Evercore ISI reduced their target price on shares of Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Truist Financial boosted their price objective on Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a research note on Thursday, July 25th. Wedbush reissued a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research report on Friday, July 26th. Finally, Benchmark reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Tractor Supply in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $256.72.

Tractor Supply Stock Up 1.2 %

Shares of NASDAQ:TSCO opened at $282.96 on Monday. The company’s fifty day moving average is $266.57 and its two-hundred day moving average is $266.00. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The stock has a market capitalization of $30.51 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 3.51 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the prior year, the business earned $3.83 earnings per share. Tractor Supply’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts anticipate that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.55%. Tractor Supply’s payout ratio is currently 42.84%.

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.