Mount Yale Investment Advisors LLC Cuts Stake in Tractor Supply (NASDAQ:TSCO)

Mount Yale Investment Advisors LLC lessened its stake in shares of Tractor Supply (NASDAQ:TSCO) by 27.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,291 shares of the specialty retailer’s stock after selling 857 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Tractor Supply were worth $619,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TSCO. Wedmont Private Capital increased its stake in shares of Tractor Supply by 3.6% during the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 45 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Tractor Supply by 998.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 109,403 shares of the specialty retailer’s stock valued at $23,525,000 after buying an additional 99,441 shares during the period. Scotia Capital Inc. lifted its position in shares of Tractor Supply by 792.9% during the 4th quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock valued at $4,180,000 after buying an additional 17,261 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Tractor Supply by 527.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock worth $7,155,000 after acquiring an additional 22,279 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Tractor Supply by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after acquiring an additional 48,439 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TSCO shares. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 target price on shares of Tractor Supply in a research report on Thursday, July 25th. Wells Fargo & Company raised their price objective 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. Evercore ISI lowered 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. Loop Capital increased their target price on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, Truist Financial lifted their price target on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tractor Supply presently has an average rating of “Hold” and a consensus target price of $258.96.

Insiders Place Their Bets

In other news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

Tractor Supply Stock Up 0.7 %

Shares of NASDAQ:TSCO opened at $276.85 on Tuesday. The stock has a market capitalization of $29.85 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 3.56 and a beta of 0.80. The stock’s 50-day moving average price is $268.15 and its 200-day moving average price is $267.08. 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.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the company earned $3.83 EPS. Tractor Supply’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a dividend of $1.10 per share. The ex-dividend date was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.59%. Tractor Supply’s payout ratio is currently 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.