Pensioenfonds Rail & OV Lowers Holdings in Tractor Supply (NASDAQ:TSCO)

Pensioenfonds Rail & OV cut its holdings in Tractor Supply (NASDAQ:TSCO) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 146,658 shares of the specialty retailer’s stock after selling 2,998 shares during the period. Tractor Supply accounts for 3.0% of Pensioenfonds Rail & OV’s investment portfolio, making the stock its 10th biggest position. Pensioenfonds Rail & OV owned approximately 0.14% of Tractor Supply worth $39,598,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new stake in Tractor Supply during the 1st quarter worth about $26,000. Rise Advisors LLC increased its position in shares of Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 66 shares during the period. LRI Investments LLC purchased a new stake in shares of Tractor Supply in the first quarter worth about $28,000. J.Safra Asset Management Corp boosted its position in shares of Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 98 shares during the period. Finally, Whittier Trust Co. grew its stake in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 completion of the transaction, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.24% of the stock is owned by company insiders.

Tractor Supply Trading Up 1.4 %

TSCO opened at $295.14 on Wednesday. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $296.83. The company has a market capitalization of $31.84 billion, a P/E ratio of 28.74, a PEG ratio of 3.59 and a beta of 0.80. The stock’s fifty day moving average is $269.63 and its two-hundred day moving average is $268.50. 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 issued its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analysts’ expectations of $4.28 billion. During the same period in the prior year, the business earned $3.83 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts forecast that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several research analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Melius Research began coverage on Tractor Supply in a research note on Monday, September 23rd. They issued a “buy” rating and a $315.00 target price on the stock. Evercore ISI lowered their price target on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Wells Fargo & Company boosted their price objective on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.