Brown Miller Wealth Management LLC lifted its holdings in Tractor Supply Company (NASDAQ:TSCO – Free Report) by 1.7% in the second quarter, Holdings Channel reports. The fund owned 40,521 shares of the specialty retailer’s stock after purchasing an additional 681 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Tractor Supply were worth $2,138,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Bennett Selby Investments LP boosted its holdings in shares of Tractor Supply by 1.3% in the 2nd quarter. Bennett Selby Investments LP now owns 14,932 shares of the specialty retailer’s stock worth $788,000 after purchasing an additional 191 shares during the period. Hancock Whitney Corp lifted its position in Tractor Supply by 2.0% in the first quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer’s stock worth $543,000 after buying an additional 194 shares during the last quarter. Mount Vernon Associates Inc. MD lifted its position in Tractor Supply by 0.3% in the second quarter. Mount Vernon Associates Inc. MD now owns 67,570 shares of the specialty retailer’s stock worth $3,566,000 after buying an additional 200 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in Tractor Supply by 0.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer’s stock worth $3,663,000 after buying an additional 208 shares during the period. Finally, Wedmont Private Capital increased its position in Tractor Supply by 2.5% during the first quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer’s stock valued at $450,000 after acquiring an additional 212 shares during the last quarter. 98.72% of the stock is owned by institutional investors.
Tractor Supply Stock Down 0.7%
Shares of TSCO stock opened at $55.83 on Friday. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The firm has a market capitalization of $29.59 billion, a PE ratio of 27.39, a P/E/G ratio of 2.86 and a beta of 0.73. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28. The stock’s 50-day simple moving average is $59.45 and its 200-day simple moving average is $54.89.
Tractor Supply Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were paid a $0.23 dividend. The ex-dividend date was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. Tractor Supply’s dividend payout ratio is presently 45.10%.
Insider Activity
In related news, Director Denise L. Jackson sold 1,165 shares of Tractor Supply stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $58.50, for a total transaction of $68,152.50. Following the completion of the transaction, the director directly owned 31,123 shares in the company, valued at approximately $1,820,695.50. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan S. Estep sold 35,825 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $56.00, for a total value of $2,006,200.00. Following the completion of the sale, the executive vice president owned 74,605 shares in the company, valued at approximately $4,177,880. This represents a 32.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,500 shares of company stock valued at $8,984,912 over the last 90 days. Company insiders own 0.65% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on TSCO shares. Evercore ISI raised their target price on shares of Tractor Supply from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Friday, July 25th. Wall Street Zen raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Loop Capital upped their target price on Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, July 25th. Wolfe Research began coverage on Tractor Supply in a report on Thursday, September 18th. They issued an “outperform” rating and a $70.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Tractor Supply from $56.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.15.
Get Our Latest Stock Analysis on TSCO
Tractor Supply Company Profile
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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