Orleans Capital Management Corp LA Has $2.48 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Orleans Capital Management Corp LA reduced its stake in shares of Tractor Supply (NASDAQ:TSCO) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,195 shares of the specialty retailer’s stock after selling 125 shares during the quarter. Tractor Supply accounts for 1.6% of Orleans Capital Management Corp LA’s holdings, making the stock its 27th biggest holding. Orleans Capital Management Corp LA’s holdings in Tractor Supply were worth $2,483,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in Tractor Supply by 63.2% during the fourth quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock worth $990,526,000 after purchasing an additional 1,784,304 shares during the last quarter. Capital World Investors lifted its position in shares of Tractor Supply by 10.0% during the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after buying an additional 531,170 shares during the last quarter. Capital International Investors boosted its stake in Tractor Supply by 7.6% in the fourth quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock valued at $1,340,589,000 after buying an additional 439,954 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Tractor Supply by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after acquiring an additional 368,859 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Tractor Supply by 2,921.4% in the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after acquiring an additional 345,402 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 1.7 %

Tractor Supply stock opened at $290.93 on Tuesday. The company has a market capitalization of $31.38 billion, a PE ratio of 28.33, a PEG ratio of 3.59 and a beta of 0.80. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $291.52. The firm’s fifty day moving average is $269.14 and its 200 day moving average is $268.24. 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 posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting the consensus estimate of $3.93. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.83 earnings per share. As a group, sell-side analysts predict that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a $1.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.51%. Tractor Supply’s payout ratio is currently 42.84%.

Insider Buying and Selling at Tractor Supply

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 transaction, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

TSCO has been the topic of a number of research analyst reports. Melius Research started coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They issued a “buy” rating and a $315.00 price target on the stock. Loop Capital raised their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Wedbush reiterated a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a report on Friday, July 26th. 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 note on Friday, July 26th. Finally, Evercore ISI cut their price target 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. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Hold” and a consensus target price of $260.83.

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.