DnB Asset Management AS Sells 100 Shares of Tractor Supply (NASDAQ:TSCO)

DnB Asset Management AS trimmed its position in Tractor Supply (NASDAQ:TSCOGet Rating) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,680 shares of the specialty retailer’s stock after selling 100 shares during the period. DnB Asset Management AS’s holdings in Tractor Supply were worth $3,815,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. BDO Wealth Advisors LLC increased its position in shares of Tractor Supply by 78.1% in the first quarter. BDO Wealth Advisors LLC now owns 114 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 50 shares during the last quarter. Fortitude Advisory Group L.L.C. increased its position in shares of Tractor Supply by 350.0% in the first quarter. Fortitude Advisory Group L.L.C. now owns 126 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 98 shares during the last quarter. Allworth Financial LP increased its position in shares of Tractor Supply by 272.2% in the first quarter. Allworth Financial LP now owns 134 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 98 shares during the last quarter. Financial Management Professionals Inc. increased its position in shares of Tractor Supply by 278.4% in the first quarter. Financial Management Professionals Inc. now owns 140 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 103 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Tractor Supply in the first quarter valued at about $44,000. 82.86% of the stock is currently owned by institutional investors.

Tractor Supply Price Performance

Tractor Supply stock opened at $192.98 on Tuesday. Tractor Supply has a 52 week low of $166.49 and a 52 week high of $241.54. The company’s 50 day moving average price is $194.97 and its two-hundred day moving average price is $203.94. The company has a quick ratio of 0.33, a current ratio of 1.44 and a debt-to-equity ratio of 0.53. The stock has a market cap of $21.42 billion, a P/E ratio of 21.30, a P/E/G ratio of 1.94 and a beta of 0.91.

Tractor Supply (NASDAQ:TSCOGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The specialty retailer reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.02. Tractor Supply had a net margin of 7.76% and a return on equity of 53.29%. The company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the business posted $3.19 EPS. Tractor Supply’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities analysts predict that Tractor Supply will post 9.58 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Monday, August 22nd were paid a dividend of $0.92 per share. The ex-dividend date was Friday, August 19th. This represents a $3.68 annualized dividend and a dividend yield of 1.91%. Tractor Supply’s payout ratio is currently 40.62%.

Analyst Ratings Changes

A number of analysts recently issued reports on TSCO shares. Guggenheim lowered their target price on Tractor Supply to $225.00 in a research report on Friday, July 22nd. Bank of America raised Tractor Supply from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $250.00 to $260.00 in a research report on Tuesday, June 14th. MKM Partners assumed coverage on Tractor Supply in a research report on Thursday, July 28th. They issued a “buy” rating and a $230.00 target price on the stock. Wells Fargo & Company cut their price target on Tractor Supply to $250.00 in a research note on Friday, July 22nd. Finally, Morgan Stanley boosted their price target on Tractor Supply from $220.00 to $225.00 and gave the company an “equal weight” rating in a research note on Thursday, August 18th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus target price of $240.79.

Tractor Supply Profile

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Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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