Tractor Supply (NASDAQ:TSCO) Shares Purchased by Argent Trust Co

Argent Trust Co boosted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,524 shares of the specialty retailer’s stock after acquiring an additional 95 shares during the quarter. Argent Trust Co’s holdings in Tractor Supply were worth $411,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Mutual of America Capital Management LLC raised its position in shares of Tractor Supply by 24.2% in the second quarter. Mutual of America Capital Management LLC now owns 23,473 shares of the specialty retailer’s stock worth $6,338,000 after acquiring an additional 4,573 shares during the period. Dimensional Fund Advisors LP boosted its position in Tractor Supply by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock worth $303,278,000 after purchasing an additional 110,342 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Tractor Supply by 4.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 800,463 shares of the specialty retailer’s stock valued at $216,125,000 after purchasing an additional 37,071 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of Tractor Supply by 10.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,046 shares of the specialty retailer’s stock valued at $822,000 after buying an additional 279 shares in the last quarter. Finally, Thoroughbred Financial Services LLC raised its stake in shares of Tractor Supply by 58.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 17,023 shares of the specialty retailer’s stock worth $4,596,000 after buying an additional 6,246 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Evercore ISI cut their price target on shares of Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Truist Financial raised their price objective on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company upped their target price on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Loop Capital boosted their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, Wedbush reiterated a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $256.72.

Insider Transactions at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction 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 approximately $1,356,349.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Tractor Supply Trading Down 0.6 %

Shares of NASDAQ TSCO opened at $273.97 on Friday. The stock has a fifty day simple moving average of $267.73 and a 200-day simple moving average of $266.44. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $29.55 billion, a PE ratio of 26.68, a PEG ratio of 3.56 and a beta of 0.80.

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

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s payout ratio is presently 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.