Eads & Heald Wealth Management lowered its stake in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,959 shares of the specialty retailer’s stock after selling 2,505 shares during the period. Eads & Heald Wealth Management’s holdings in Tractor Supply were worth $1,792,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Bennett Selby Investments LP increased its holdings in shares of Tractor Supply by 1.3% in the second 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 increased its stake in Tractor Supply by 2.0% in the 1st quarter. Hancock Whitney Corp now owns 9,849 shares of the specialty retailer’s stock worth $543,000 after acquiring an additional 194 shares during the last quarter. Mount Vernon Associates Inc. MD increased its stake in Tractor Supply by 0.3% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 67,570 shares of the specialty retailer’s stock worth $3,566,000 after acquiring an additional 200 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Tractor Supply by 0.3% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 66,483 shares of the specialty retailer’s stock valued at $3,663,000 after acquiring an additional 208 shares in the last quarter. Finally, Wedmont Private Capital boosted its position in shares of Tractor Supply by 2.5% during the 1st 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. Hedge funds and other institutional investors own 98.72% of the company’s stock.
Tractor Supply Stock Down 0.7%
TSCO stock opened at $55.83 on Monday. The stock has a market capitalization of $29.59 billion, a P/E 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 current ratio of 1.28 and a quick ratio of 0.16. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The business has a fifty day moving average price of $59.45 and a 200-day moving average price of $54.91.
Tractor Supply Announces Dividend
The business also recently announced 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. The ex-dividend date was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. Tractor Supply’s payout ratio is currently 45.10%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on TSCO shares. DA Davidson upped their price objective on shares of Tractor Supply from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Piper Sandler increased their price target on shares of Tractor Supply from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Telsey Advisory Group set a $70.00 price target on Tractor Supply in a research note on Friday, July 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Tractor Supply in a research note on Friday, July 25th. Finally, UBS Group increased their target price on Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.15.
Get Our Latest Stock Analysis on TSCO
Insider Transactions at Tractor Supply
In other Tractor Supply news, SVP Noni L. Ellison sold 5,200 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $332,592.00. Following the transaction, the senior vice president owned 28,639 shares of the company’s stock, valued at approximately $1,831,750.44. This represents a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Denise L. Jackson sold 2,000 shares of the firm’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $57.75, for a total value of $115,500.00. Following the completion of the transaction, the director directly owned 32,288 shares in the company, valued at $1,864,632. The trade was a 5.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,045 shares of company stock valued at $6,719,757 over the last 90 days. 0.65% of the stock is owned by corporate insiders.
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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