Trust Investment Advisors trimmed its holdings in shares of Tractor Supply (NASDAQ:TSCO – Free Report) by 34.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,825 shares of the specialty retailer’s stock after selling 3,606 shares during the quarter. Tractor Supply accounts for approximately 1.2% of Trust Investment Advisors’ holdings, making the stock its 25th biggest holding. Trust Investment Advisors’ holdings in Tractor Supply were worth $1,509,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. increased its holdings in Tractor Supply by 8.1% during the second quarter. Crossmark Global Holdings Inc. now owns 8,979 shares of the specialty retailer’s stock valued at $2,011,000 after buying an additional 671 shares during the period. Texas Permanent School Fund Corp increased its holdings in Tractor Supply by 46.7% during the first quarter. Texas Permanent School Fund Corp now owns 23,030 shares of the specialty retailer’s stock valued at $5,413,000 after buying an additional 7,335 shares during the period. KBC Group NV increased its holdings in Tractor Supply by 8.4% during the first quarter. KBC Group NV now owns 30,139 shares of the specialty retailer’s stock valued at $7,084,000 after buying an additional 2,329 shares during the period. Glass Jacobson Investment Advisors llc purchased a new position in Tractor Supply during the second quarter valued at approximately $34,000. Finally, Merrion Investment Management Co LLC acquired a new stake in Tractor Supply in the second quarter valued at approximately $221,000. 90.38% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of Tractor Supply in a research note on Friday, September 29th. They issued an “outperform” rating and a $239.00 target price for the company. Citigroup lowered their target price on shares of Tractor Supply from $207.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Wedbush lowered their target price on shares of Tractor Supply from $240.00 to $230.00 and set a “neutral” rating for the company in a research note on Friday, July 28th. Raymond James lowered their target price on shares of Tractor Supply from $255.00 to $235.00 and set a “strong-buy” rating for the company in a research note on Tuesday, October 10th. Finally, Benchmark restated a “buy” rating and issued a $256.00 target price on shares of Tractor Supply in a research note on Monday, July 24th. Eleven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $234.42.
Tractor Supply Stock Performance
NASDAQ TSCO traded down $0.45 on Friday, reaching $202.61. 986,434 shares of the company’s stock traded hands, compared to its average volume of 1,437,374. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $251.17. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.30 and a current ratio of 1.52. The stock has a 50 day moving average price of $202.68 and a 200-day moving average price of $214.39. The firm has a market cap of $21.90 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 2.94 and a beta of 0.85.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its quarterly earnings data on Thursday, October 26th. The specialty retailer reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.06. Tractor Supply had a net margin of 7.58% and a return on equity of 55.43%. The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Equities research analysts predict that Tractor Supply will post 10.04 EPS for the current fiscal year.
Tractor Supply Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, November 27th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $4.12 dividend on an annualized basis and a yield of 2.03%. Tractor Supply’s payout ratio is presently 40.23%.
Tractor Supply Profile
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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