Tractor Supply (NASDAQ:TSCO) Shares Sold by CapWealth Advisors LLC

CapWealth Advisors LLC lessened its holdings in Tractor Supply (NASDAQ:TSCO) by 11.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,122 shares of the specialty retailer’s stock after selling 5,184 shares during the period. CapWealth Advisors LLC’s holdings in Tractor Supply were worth $10,563,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in Tractor Supply by 63.2% during the 4th 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. Norges Bank bought a new stake in Tractor Supply in the fourth quarter valued at $260,560,000. Capital World Investors lifted its position in Tractor Supply by 10.0% in the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock valued at $1,257,751,000 after purchasing an additional 531,170 shares during the last quarter. Capital International Investors boosted its position in shares of Tractor Supply by 7.6% during the fourth quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after buying an additional 439,954 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Tractor Supply by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after buying an additional 368,859 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tractor Supply

In related news, SVP Matthew L. Rubin sold 540 shares of the 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 completion of the sale, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TSCO. Wells Fargo & Company boosted their price target on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 target price on shares of Tractor Supply in a report on Thursday, July 25th. Truist Financial increased 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. Benchmark reissued a “buy” rating and issued a $280.00 price objective on shares of Tractor Supply in a research note on Friday, July 26th. Finally, Wedbush restated a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply currently has an average rating of “Hold” and a consensus price target of $256.58.

Tractor Supply Price Performance

TSCO opened at $270.81 on Friday. The firm has a market capitalization of $29.21 billion, a P/E ratio of 26.37, a PEG ratio of 3.36 and a beta of 0.80. The stock has a fifty day moving average of $265.30 and a 200-day moving average of $264.28. 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.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data 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 return on equity of 51.84% and a net margin of 7.65%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the prior year, the business earned $3.83 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts forecast that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Monday, August 26th. Tractor Supply’s payout ratio is presently 42.84%.

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.