Hsbc Holdings PLC Has $73.37 Million Holdings in Tractor Supply (NASDAQ:TSCO)

Hsbc Holdings PLC lessened its holdings in Tractor Supply (NASDAQ:TSCO) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 271,765 shares of the specialty retailer’s stock after selling 21,929 shares during the quarter. Hsbc Holdings PLC’s holdings in Tractor Supply were worth $73,371,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Signature Wealth Management Group boosted its stake in Tractor Supply by 0.5% in the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock valued at $1,890,000 after acquiring an additional 38 shares during the last quarter. X Square Capital LLC lifted its stake in shares of Tractor Supply by 1.6% in the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock valued at $696,000 after purchasing an additional 41 shares during the period. Eads & Heald Wealth Management boosted its position in shares of Tractor Supply by 0.6% in the 2nd quarter. Eads & Heald Wealth Management now owns 7,040 shares of the specialty retailer’s stock worth $1,901,000 after purchasing an additional 42 shares during the last quarter. Whittier Trust Co. grew its stake in shares of Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in Tractor Supply by 1.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,464 shares of the specialty retailer’s stock valued at $935,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO opened at $273.97 on Friday. 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 stock has a 50 day moving average price of $267.73 and a 200 day moving average price of $266.44. The stock has a market capitalization of $29.55 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 3.56 and a beta of 0.80. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting the consensus estimate of $3.93. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.83 EPS. 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 announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were issued 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 1.61%. Tractor Supply’s payout ratio is 42.84%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TSCO shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price objective on shares of Tractor Supply in a report on Thursday, July 25th. Wells Fargo & Company upped their price objective on Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Benchmark reiterated a “buy” rating and issued a $280.00 price objective on shares of Tractor Supply in a report on Friday, July 26th. Loop Capital upped their price objective on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a report on Friday, September 6th. Finally, Wedbush reiterated a “neutral” rating and issued a $270.00 price objective 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $256.72.

Insider Activity at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the business’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 transaction of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.24% of the stock is currently owned by company insiders.

Tractor Supply 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.