Clear Rock Advisors LLC Has $3.10 Million Stock Position in Tractor Supply (NASDAQ:TSCO)

Clear Rock Advisors LLC lowered its position in Tractor Supply (NASDAQ:TSCO) by 8.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,497 shares of the specialty retailer’s stock after selling 1,008 shares during the period. Tractor Supply accounts for about 1.3% of Clear Rock Advisors LLC’s holdings, making the stock its 24th biggest position. Clear Rock Advisors LLC’s holdings in Tractor Supply were worth $3,104,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the first quarter worth $26,000. Rise Advisors LLC raised its holdings in shares of Tractor Supply by 157.1% in the 1st 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 last quarter. LRI Investments LLC bought a new position in Tractor Supply in the 1st quarter valued at about $28,000. J.Safra Asset Management Corp boosted its stake in Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 98 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSCO. Loop Capital raised their target price on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a report on Friday, September 6th. Melius Research assumed coverage on Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective on the stock. 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 research note on Monday, July 22nd. Truist Financial raised their price target on shares of Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Evercore ISI reduced their price objective on shares of Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Tractor Supply presently has a consensus rating of “Hold” and an average target price of $260.83.

Insiders Place Their Bets

In related news, SVP Matthew L. Rubin sold 540 shares of the 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 transaction, the senior vice president now 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 SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Tractor Supply Stock Up 1.4 %

TSCO stock opened at $295.14 on Wednesday. The stock has a 50-day simple moving average of $269.63 and a two-hundred day simple moving average of $268.50. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $296.83. The firm has a market capitalization of $31.84 billion, a PE ratio of 28.74, a PEG ratio of 3.59 and a beta of 0.80. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting analysts’ consensus estimates of $3.93. The company had revenue of $4.25 billion during 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%. Tractor Supply’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $3.83 earnings per share. On average, equities analysts predict that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Monday, August 26th. Tractor Supply’s payout ratio is 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.