Tractor Supply (NASDAQ:TSCO) Shares Acquired by Trust Investment Advisors

Trust Investment Advisors grew its holdings in Tractor Supply (NASDAQ:TSCO) by 11.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,339 shares of the specialty retailer’s stock after purchasing an additional 733 shares during the quarter. Tractor Supply accounts for about 1.3% of Trust Investment Advisors’ holdings, making the stock its 18th biggest holding. Trust Investment Advisors’ holdings in Tractor Supply were worth $1,982,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Future Financial Wealth Managment LLC purchased a new position in Tractor Supply in the 1st quarter valued at approximately $26,000. Rise Advisors LLC boosted its holdings in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 66 shares during the period. LRI Investments LLC acquired a new position in Tractor Supply during the 1st quarter worth $28,000. J.Safra Asset Management Corp increased its holdings 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 worth $29,000 after purchasing an additional 98 shares during the period. Finally, Whittier Trust Co. raised its position in Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Matthew L. Rubin sold 540 shares of the company’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 transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on TSCO. Wedbush reissued a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a research report on Friday, July 26th. Wells Fargo & Company lifted their price target 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. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Tractor Supply in a research report on Thursday, July 25th. Benchmark restated a “buy” rating and issued a $280.00 price objective on shares of Tractor Supply in a report on Friday, July 26th. Finally, Loop Capital boosted their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Tractor Supply currently has a consensus rating of “Hold” and an average target price of $256.72.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $273.97 on Friday. The firm’s fifty day simple moving average is $267.73 and its 200-day simple moving average is $266.44. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38. The stock has a market capitalization of $29.54 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 3.56 and a beta of 0.80. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25.

Tractor Supply (NASDAQ:TSCO) last posted 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. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the previous year, the business posted $3.83 earnings per share. Tractor Supply’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities analysts forecast that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.61%. Tractor Supply’s payout ratio is 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.