Mutual of America Capital Management LLC Has $6.34 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Mutual of America Capital Management LLC grew its position in shares of Tractor Supply (NASDAQ:TSCO) by 24.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,473 shares of the specialty retailer’s stock after purchasing an additional 4,573 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Tractor Supply were worth $6,338,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Signature Wealth Management Group lifted its stake in shares of Tractor Supply by 0.5% in the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock worth $1,890,000 after acquiring an additional 38 shares during the period. X Square Capital LLC lifted its stake in shares of Tractor Supply by 1.6% in the second quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock worth $696,000 after acquiring an additional 41 shares during the period. Eads & Heald Wealth Management lifted its stake in shares of Tractor Supply by 0.6% in the second quarter. Eads & Heald Wealth Management now owns 7,040 shares of the specialty retailer’s stock worth $1,901,000 after acquiring an additional 42 shares during the period. Whittier Trust Co. lifted its stake in shares of Tractor Supply by 60.9% in 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, Brookstone Capital Management lifted its stake in shares of Tractor Supply by 2.5% in the second quarter. Brookstone Capital Management now owns 1,820 shares of the specialty retailer’s stock worth $507,000 after acquiring an additional 44 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Up 0.3 %

Shares of NASDAQ:TSCO opened at $274.89 on Friday. The stock has a market cap of $29.64 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 3.56 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 has a 12-month low of $185.00 and a 12-month high of $290.38. The business’s 50 day moving average is $267.96 and its 200 day moving average is $266.49.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.93. The company had revenue of $4.25 billion for 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%. Tractor Supply’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.83 earnings per share. On average, sell-side analysts forecast that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

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

Insider Activity at Tractor Supply

In other Tractor Supply 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 value of $141,669.00. Following the transaction, the senior vice president now 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 can be accessed through the SEC website. 0.24% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on TSCO shares. Wedbush reaffirmed a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a research note on Friday, July 26th. Benchmark reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Tractor Supply in a research note on Friday, July 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a report on Thursday, July 25th. Loop Capital lifted 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. Finally, Evercore ISI lowered their target price on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $256.72.

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.