Tractor Supply (NASDAQ:TSCO) Shares Sold by Boston Research & Management Inc.

Boston Research & Management Inc. trimmed its position in Tractor Supply (NASDAQ:TSCO) by 3.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 36,362 shares of the specialty retailer’s stock after selling 1,251 shares during the period. Tractor Supply makes up 2.5% of Boston Research & Management Inc.’s portfolio, making the stock its 4th biggest holding. Boston Research & Management Inc.’s holdings in Tractor Supply were worth $9,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of TSCO. Vanguard Group Inc. grew its holdings in shares of Tractor Supply by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after purchasing an additional 48,439 shares in the last quarter. Capital International Investors boosted its position in shares of Tractor Supply by 7.6% during the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after acquiring an additional 439,954 shares in the last quarter. Capital World Investors increased its stake in Tractor Supply by 10.0% in the fourth quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock valued at $1,257,751,000 after acquiring an additional 531,170 shares during the last quarter. Wellington Management Group LLP raised its position in Tractor Supply by 63.2% during the fourth quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock valued at $990,526,000 after purchasing an additional 1,784,304 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Tractor Supply by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after purchasing an additional 368,859 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of research analyst reports. Evercore ISI lowered their price target on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Benchmark reaffirmed a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Truist Financial increased their price objective on shares of Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Loop Capital boosted their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Finally, Wells Fargo & Company raised 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. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Tractor Supply currently has an average rating of “Hold” and a consensus target price of $256.72.

Tractor Supply Stock Up 0.3 %

Tractor Supply stock opened at $274.89 on Friday. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $29.64 billion, a PE ratio of 26.77, a PEG ratio of 3.56 and a beta of 0.80. The firm’s fifty day moving average is $267.96 and its 200 day moving average is $266.49.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results 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 period last year, the business posted $3.83 EPS. As a group, sell-side analysts predict that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio is currently 42.84%.

Insider Activity at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction on Monday, August 12th. The shares were 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 in the company, valued at $1,356,349.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.24% of the stock is currently owned by insiders.

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.