Bath Savings Trust Co Has $722,000 Stake in Tractor Supply (NASDAQ:TSCO)

Bath Savings Trust Co lifted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,265 shares of the specialty retailer’s stock after purchasing an additional 85 shares during the period. Bath Savings Trust Co’s holdings in Tractor Supply were worth $722,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Contravisory Investment Management Inc. lifted its holdings in Tractor Supply by 3.0% in the second quarter. Contravisory Investment Management Inc. now owns 2,797 shares of the specialty retailer’s stock valued at $618,000 after buying an additional 82 shares during the period. Monumental Financial Group Inc. acquired a new position in Tractor Supply in the second quarter valued at approximately $1,074,000. Legacy Bridge LLC lifted its holdings in Tractor Supply by 1.3% in the second quarter. Legacy Bridge LLC now owns 7,628 shares of the specialty retailer’s stock valued at $1,687,000 after buying an additional 100 shares during the period. Selective Wealth Management Inc. acquired a new position in Tractor Supply in the second quarter valued at approximately $793,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new position in Tractor Supply in the second quarter valued at approximately $642,000. 90.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 7,487 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 19,574 shares in the company, valued at approximately $4,353,844.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.24% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Performance

TSCO stock traded down $1.77 during trading hours on Monday, reaching $211.07. The stock had a trading volume of 376,326 shares, compared to its average volume of 1,163,065. The stock has a market capitalization of $22.97 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.70 and a beta of 0.80. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.60 and a quick ratio of 0.41. The stock has a 50-day simple moving average of $218.70 and a 200 day simple moving average of $225.10. Tractor Supply has a fifty-two week low of $181.40 and a fifty-two week high of $251.17.

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

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Friday, August 25th. Tractor Supply’s dividend payout ratio is presently 41.16%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Robert W. Baird cut their price objective on shares of Tractor Supply from $265.00 to $260.00 in a report on Tuesday, July 18th. Telsey Advisory Group restated an “outperform” rating and issued a $265.00 price objective on shares of Tractor Supply in a report on Friday, July 28th. Barclays downgraded shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $254.00 to $224.00 in a research note on Monday, July 31st. StockNews.com started coverage on shares of Tractor Supply in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Evercore ISI upped their target price on shares of Tractor Supply from $230.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Ten analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $246.83.

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.