RFG Advisory LLC cut its position in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 49.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,074 shares of the specialty retailer’s stock after selling 5,830 shares during the period. RFG Advisory LLC’s holdings in Tractor Supply were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Tractor Supply by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock worth $3,671,391,000 after acquiring an additional 2,597,450 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Tractor Supply by 16.0% in the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after acquiring an additional 3,815,520 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Tractor Supply by 10.8% in the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock worth $1,359,036,000 after acquiring an additional 2,408,373 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Tractor Supply by 14.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock worth $657,214,000 after acquiring an additional 1,510,489 shares in the last quarter. Finally, Select Equity Group L.P. raised its position in shares of Tractor Supply by 16.8% in the 1st quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer’s stock worth $493,696,000 after acquiring an additional 1,290,771 shares in the last quarter. 98.72% of the stock is owned by institutional investors.
Tractor Supply Stock Up 0.1%
Shares of TSCO stock opened at $55.20 on Monday. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The stock’s fifty day moving average price is $58.63 and its 200 day moving average price is $54.94. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16. The company has a market cap of $29.25 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 2.83 and a beta of 0.73.
Tractor Supply Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, August 25th. Tractor Supply’s payout ratio is presently 45.10%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price target on shares of Tractor Supply in a research report on Friday. Piper Sandler boosted their price target on Tractor Supply from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Bank of America raised Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Thursday, July 24th. Robert W. Baird boosted their price target on Tractor Supply from $56.00 to $61.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Tractor Supply in a research report on Wednesday, October 8th. Fifteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.45.
Get Our Latest Report on Tractor Supply
Insider Transactions at Tractor Supply
In other Tractor Supply news, SVP Noni L. Ellison sold 5,200 shares of the business’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction of $332,592.00. Following the sale, the senior vice president owned 28,639 shares in the company, valued at approximately $1,831,750.44. The trade was a 15.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 90,000 shares of the business’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $63.96, for a total value of $5,756,400.00. Following the sale, the chief financial officer owned 47,715 shares in the company, valued at approximately $3,051,851.40. The trade was a 65.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,045 shares of company stock worth $6,547,257 in the last 90 days. 0.65% of the stock is owned by company insiders.
About Tractor Supply
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.
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