Tractor Supply (NASDAQ:TSCO) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. raised its holdings in Tractor Supply (NASDAQ:TSCO) by 60.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 111 shares of the specialty retailer’s stock after acquiring an additional 42 shares during the period. Whittier Trust Co.’s holdings in Tractor Supply were worth $30,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. HB Wealth Management LLC grew its holdings in Tractor Supply by 15.4% in the second quarter. HB Wealth Management LLC now owns 2,031 shares of the specialty retailer’s stock valued at $548,000 after purchasing an additional 271 shares during the period. Detalus Advisors LLC boosted its holdings in shares of Tractor Supply by 9.2% in the 2nd quarter. Detalus Advisors LLC now owns 912 shares of the specialty retailer’s stock valued at $246,000 after purchasing an additional 77 shares during the last quarter. Argonautica Private Wealth Management Inc. grew its stake in shares of Tractor Supply by 1.4% during the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 9,216 shares of the specialty retailer’s stock valued at $2,488,000 after buying an additional 126 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Tractor Supply by 1.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 50,035 shares of the specialty retailer’s stock worth $13,510,000 after buying an additional 936 shares during the last quarter. Finally, Crew Capital Management Ltd. raised its position in shares of Tractor Supply by 18.6% in the 2nd quarter. Crew Capital Management Ltd. now owns 2,964 shares of the specialty retailer’s stock worth $800,000 after buying an additional 465 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Trading Down 2.3 %

NASDAQ TSCO opened at $267.55 on Friday. The company has a market capitalization of $28.86 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 3.43 and a beta of 0.81. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38. The company’s fifty day moving average price is $265.25 and its two-hundred day moving average price is $263.33.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.93. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.83 EPS. As a group, research analysts predict that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be issued a $1.10 dividend. The ex-dividend date is Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.64%. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Insider Activity at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

TSCO has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Benchmark reissued a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a research report on Friday, July 26th. Truist Financial lifted their price target on shares of Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Wedbush reiterated a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $256.58.

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.