Tractor Supply (NASDAQ:TSCO) Position Boosted by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in Tractor Supply (NASDAQ:TSCO) by 7.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,465 shares of the specialty retailer’s stock after purchasing an additional 17,244 shares during the period. American Century Companies Inc.’s holdings in Tractor Supply were worth $66,276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSCO. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply in the first quarter worth approximately $26,000. Rise Advisors LLC grew its holdings in shares of Tractor Supply by 157.1% in the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 66 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Tractor Supply during the first quarter worth $28,000. J.Safra Asset Management Corp lifted its holdings in shares of Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 98 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in shares of Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 42 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Evercore ISI cut their price objective on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a research report on Thursday, July 25th. Truist Financial lifted their price objective on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company raised their target price on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Finally, Benchmark reiterated a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $256.72.

Tractor Supply Stock Up 1.2 %

TSCO opened at $282.96 on Monday. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. The business has a 50 day moving average price of $266.57 and a 200 day moving average price of $266.00. The firm has a market cap of $30.51 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 3.51 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.93. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. Tractor Supply’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.83 EPS. Research analysts forecast that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a $1.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.55%. Tractor Supply’s payout ratio is presently 42.84%.

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.