Tractor Supply (NASDAQ:TSCO) Shares Sold by Boston Research & Management Inc.

Boston Research & Management Inc. trimmed its stake in shares of Tractor Supply (NASDAQ:TSCO) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,362 shares of the specialty retailer’s stock after selling 1,251 shares during the quarter. Tractor Supply accounts for 2.5% of Boston Research & Management Inc.’s portfolio, making the stock its 4th largest holding. Boston Research & Management Inc.’s holdings in Tractor Supply were worth $9,817,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Garden State Investment Advisory Services LLC grew its holdings in shares of Tractor Supply by 8.5% in the 2nd quarter. Garden State Investment Advisory Services LLC now owns 1,736 shares of the specialty retailer’s stock worth $469,000 after purchasing an additional 136 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in Tractor Supply by 7.5% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 22,949 shares of the specialty retailer’s stock valued at $6,206,000 after buying an additional 1,600 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Tractor Supply by 109.0% during the second quarter. Canada Pension Plan Investment Board now owns 22,746 shares of the specialty retailer’s stock worth $6,141,000 after buying an additional 11,863 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Tractor Supply by 2.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 162,368 shares of the specialty retailer’s stock worth $43,839,000 after buying an additional 3,378 shares in the last quarter. Finally, Trust Investment Advisors increased its holdings in shares of Tractor Supply by 11.1% during the second quarter. Trust Investment Advisors now owns 7,339 shares of the specialty retailer’s stock worth $1,982,000 after buying an additional 733 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Performance

Shares of TSCO opened at $274.89 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38. The firm has a fifty day simple moving average of $267.96 and a 200 day simple moving average of $266.49. The stock has a market capitalization of $29.64 billion, a price-to-earnings ratio of 26.77, 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 EPS for the quarter, meeting the consensus estimate of $3.93. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.83 earnings per share. Research analysts forecast that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were issued a $1.10 dividend. The ex-dividend date was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.60%. Tractor Supply’s payout ratio is 42.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TSCO shares. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price target on shares of Tractor Supply in a research report on Thursday, July 25th. Truist Financial raised their target price on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company upped their price target on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Benchmark reaffirmed a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a research note on Friday, July 26th. Finally, Wedbush reissued a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply presently has an average rating of “Hold” and a consensus price target of $256.72.

Insider Activity at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.24% of the stock is currently owned by company insiders.

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.