Mercer Global Advisors Inc. ADV Trims Holdings in Tractor Supply (NASDAQ:TSCO)

Mercer Global Advisors Inc. ADV trimmed its position in Tractor Supply (NASDAQ:TSCO) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,800 shares of the specialty retailer’s stock after selling 146 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Tractor Supply were worth $4,266,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. 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 first quarter worth about $28,000. Rise Advisors LLC grew its holdings in Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 66 shares during the period. Whittier Trust Co. grew its holdings in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 42 shares during the period. Finally, J.Safra Asset Management Corp grew its holdings 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 acquiring an additional 98 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction on Monday, August 12th. The stock was 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 directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

TSCO has been the topic of several analyst reports. Loop Capital raised their target price on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Evercore ISI dropped their price objective on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Wells Fargo & Company raised their price objective on Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Wedbush reissued a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a report on Friday, July 26th. Finally, 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. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued 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 target price of $256.72.

Tractor Supply Trading Up 0.3 %

Shares of NASDAQ TSCO opened at $274.89 on Friday. 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 fifty day simple moving average of $268.03 and a 200-day simple moving average of $266.77. The stock has a market capitalization of $29.64 billion, a PE 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 data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the previous year, the firm posted $3.83 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. On average, equities analysts forecast that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Announces Dividend

The company 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. The ex-dividend date of this dividend 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 presently 42.84%.

Tractor Supply Company 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.