Mount Vernon Associates Inc. MD lifted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 0.3% in the 2nd quarter, Holdings Channel reports. The firm owned 67,570 shares of the specialty retailer’s stock after acquiring an additional 200 shares during the period. Tractor Supply comprises 2.6% of Mount Vernon Associates Inc. MD’s investment portfolio, making the stock its 12th largest holding. Mount Vernon Associates Inc. MD’s holdings in Tractor Supply were worth $3,566,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Tractor Supply by 4.1% during the first quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock worth $3,671,391,000 after purchasing an additional 2,597,450 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Tractor Supply by 16.0% during the first quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after purchasing an additional 3,815,520 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Tractor Supply by 10.8% during the first quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock worth $1,359,036,000 after purchasing an additional 2,408,373 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Tractor Supply by 14.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock worth $657,214,000 after purchasing an additional 1,510,489 shares in the last quarter. Finally, Select Equity Group L.P. grew its holdings in shares of Tractor Supply by 16.8% during the first quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer’s stock worth $493,696,000 after purchasing an additional 1,290,771 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.
Tractor Supply Price Performance
Shares of Tractor Supply stock opened at $55.83 on Friday. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The company has a market cap 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 business has a 50 day moving average of $59.45 and a 200 day moving average of $54.89. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99.
Tractor Supply Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th were issued a $0.23 dividend. 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 dividend payout ratio is 45.10%.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Telsey Advisory Group set a $70.00 target price on Tractor Supply in a research note on Friday, July 25th. Wall Street Zen raised Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Truist Financial upped their target price on Tractor Supply from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Evercore ISI upped their target price on Tractor Supply from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on Tractor Supply from $56.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Fourteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.15.
Check Out Our Latest Research Report on TSCO
Insiders Place Their Bets
In other Tractor Supply news, Director Denise L. Jackson sold 4,630 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $55.93, for a total value of $258,955.90. Following the completion of the transaction, the director owned 35,288 shares in the company, valued at approximately $1,973,657.84. This represents a 11.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Noni L. Ellison sold 5,200 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $332,592.00. Following the completion of the transaction, the senior vice president owned 28,639 shares of the company’s stock, valued at approximately $1,831,750.44. This trade represents a 15.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,500 shares of company stock valued at $8,984,912 in the last 90 days. Corporate insiders own 0.65% of the company’s stock.
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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