Portside Wealth Group LLC Boosts Holdings in Tractor Supply (NASDAQ:TSCO)

Portside Wealth Group LLC lifted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 10.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,596 shares of the specialty retailer’s stock after buying an additional 151 shares during the quarter. Portside Wealth Group LLC’s holdings in Tractor Supply were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Signature Wealth Management Group boosted its stake in Tractor Supply by 0.5% during 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 in the last quarter. Lindbrook Capital LLC grew its stake in shares of Tractor Supply by 10.9% in the 1st quarter. Lindbrook Capital LLC now owns 459 shares of the specialty retailer’s stock worth $120,000 after buying an additional 45 shares during the last quarter. Wedmont Private Capital increased its position in Tractor Supply by 3.6% during the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock valued at $331,000 after buying an additional 45 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in Tractor Supply by 2.7% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,773 shares of the specialty retailer’s stock valued at $479,000 after buying an additional 46 shares in the last quarter. Finally, Wahed Invest LLC raised its stake in Tractor Supply by 2.8% during the fourth quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer’s stock valued at $383,000 after buying an additional 49 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Tractor Supply Trading Up 0.2 %

Shares of Tractor Supply stock traded up $0.48 on Friday, hitting $263.48. 1,018,766 shares of the company traded hands, compared to its average volume of 948,833. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38. The company has a market cap of $28.42 billion, a PE ratio of 25.66, a PEG ratio of 3.29 and a beta of 0.81. The stock’s 50 day moving average price is $267.95 and its 200-day moving average price is $260.78. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting analysts’ consensus estimates of $3.93. The company 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%. Tractor Supply’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.83 earnings per share. Equities research analysts predict that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. Tractor Supply’s dividend payout ratio is presently 42.84%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSCO. Raymond James raised their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 target price on shares of Tractor Supply in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Robert W. Baird lifted their price objective on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Benchmark reiterated a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Tractor Supply currently has an average rating of “Hold” and a consensus target price of $256.58.

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 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 SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

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.