Tractor Supply (NASDAQ:TSCO) Position Lessened by 1832 Asset Management L.P.

1832 Asset Management L.P. decreased its stake in Tractor Supply (NASDAQ:TSCO) by 25.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 304,678 shares of the specialty retailer’s stock after selling 105,785 shares during the period. 1832 Asset Management L.P. owned 0.28% of Tractor Supply worth $82,263,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brown Advisory Inc. increased its position in Tractor Supply by 15.4% in the 4th quarter. Brown Advisory Inc. now owns 2,865 shares of the specialty retailer’s stock valued at $616,000 after acquiring an additional 383 shares during the period. D.A. Davidson & CO. increased its position in shares of Tractor Supply by 339.0% during the 4th quarter. D.A. Davidson & CO. now owns 5,386 shares of the specialty retailer’s stock valued at $1,158,000 after purchasing an additional 4,159 shares during the period. Quest Partners LLC acquired a new position in shares of Tractor Supply during the 4th quarter valued at $221,000. Team Hewins LLC acquired a new position in shares of Tractor Supply during the 4th quarter valued at $242,000. Finally, Orion Portfolio Solutions LLC increased its position in shares of Tractor Supply by 17.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 12,070 shares of the specialty retailer’s stock valued at $2,698,000 after purchasing an additional 1,751 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, 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 filing with the SEC, which is available through this link. Corporate insiders own 0.24% of the company’s stock.

Tractor Supply Price Performance

TSCO opened at $274.89 on Monday. 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. Tractor Supply has a 1 year low of $185.00 and a 1 year 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 moving average price of $268.03 and a 200 day moving average price of $266.88.

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

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued 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 yield of 1.60%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.84%.

Wall Street Analyst Weigh In

TSCO has been the topic of several research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price target on shares of Tractor Supply in a research report on Thursday, July 25th. Benchmark reissued a “buy” rating and set a $280.00 price objective on shares of Tractor Supply in a research note on Friday, July 26th. Loop Capital raised their price objective on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Wedbush reissued a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a research note on Friday, July 26th. Finally, Wells Fargo & Company raised their price objective on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Tractor Supply currently has an average rating of “Hold” and an average price target of $256.72.

About Tractor Supply

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.