Town & Country Bank & Trust CO dba First Bankers Trust CO Makes New $642,000 Investment in Tractor Supply (NASDAQ:TSCO)

Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new position in shares of Tractor Supply (NASDAQ:TSCO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,904 shares of the specialty retailer’s stock, valued at approximately $642,000.

Several other institutional investors have also modified their holdings of TSCO. Synovus Financial Corp lifted its stake in shares of Tractor Supply by 1.9% in the first quarter. Synovus Financial Corp now owns 5,006 shares of the specialty retailer’s stock worth $1,166,000 after acquiring an additional 93 shares in the last quarter. Cibc World Market Inc. lifted its stake in shares of Tractor Supply by 10.4% in the first quarter. Cibc World Market Inc. now owns 12,622 shares of the specialty retailer’s stock worth $2,946,000 after acquiring an additional 1,186 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Tractor Supply by 12.1% in the first quarter. Sei Investments Co. now owns 75,163 shares of the specialty retailer’s stock worth $17,565,000 after acquiring an additional 8,129 shares in the last quarter. Prudential PLC acquired a new position in shares of Tractor Supply in the first quarter worth about $611,000. Finally, Cetera Investment Advisers lifted its stake in shares of Tractor Supply by 15.8% in the first quarter. Cetera Investment Advisers now owns 6,238 shares of the specialty retailer’s stock worth $1,456,000 after acquiring an additional 849 shares in the last quarter. Institutional investors and hedge funds own 90.38% of the company’s stock.

Tractor Supply Stock Down 1.4 %

Shares of TSCO traded down $3.09 during mid-day trading on Friday, reaching $212.84. The company’s stock had a trading volume of 1,724,271 shares, compared to its average volume of 1,149,811. The business has a fifty day moving average of $218.70 and a 200 day moving average of $225.10. The company has a market cap of $23.16 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 2.70 and a beta of 0.80. Tractor Supply has a 1 year low of $181.40 and a 1 year high of $251.17. The company has a quick ratio of 0.41, a current ratio of 1.60 and a debt-to-equity ratio of 0.84.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 27th. The specialty retailer reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $3.91 by ($0.08). Tractor Supply had a return on equity of 55.57% and a net margin of 7.52%. The company had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the company posted $3.53 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, analysts forecast that Tractor Supply will post 10.27 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 1.94%. The ex-dividend date was Friday, August 25th. Tractor Supply’s payout ratio is 41.16%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Guggenheim cut their price target on Tractor Supply from $265.00 to $245.00 in a research note on Thursday, June 29th. Bank of America lowered Tractor Supply from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $270.00 to $226.00 in a report on Tuesday, July 25th. Wells Fargo & Company lowered their target price on Tractor Supply from $270.00 to $255.00 and set an “overweight” rating for the company in a report on Tuesday, July 18th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 target price on shares of Tractor Supply in a report on Friday, July 28th. Finally, Piper Sandler lowered their target price on Tractor Supply from $262.00 to $256.00 and set an “overweight” rating for the company in a report on Friday, July 28th. Ten investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $246.83.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 7,487 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $222.43, for a total transaction of $1,665,333.41. Following the transaction, the chief financial officer now directly owns 19,574 shares of the company’s stock, valued at $4,353,844.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.24% of the company’s stock.

About Tractor Supply

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.