Lombard Odier Asset Management Europe Ltd Makes New Investment in Tractor Supply (NASDAQ:TSCO)

Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Tractor Supply (NASDAQ:TSCO) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 786 shares of the specialty retailer’s stock, valued at approximately $212,000.

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

Insider Buying and Selling

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

Analyst Ratings Changes

Several research firms have weighed in on TSCO. Wedbush reiterated a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Truist Financial increased their price target on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Evercore ISI decreased their price objective on shares of Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Loop Capital increased their price objective 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, Melius Research began coverage on Tractor Supply in a research report on Monday. They set a “buy” rating and a $315.00 price target for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Tractor Supply has a consensus rating of “Hold” and an average price target of $258.96.

Tractor Supply Trading Up 0.7 %

Shares of Tractor Supply stock opened at $276.85 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. The stock’s 50 day simple moving average is $268.15 and its 200-day simple moving average is $267.08. The stock has a market cap of $29.85 billion, a P/E ratio of 26.96, a P/E/G ratio of 3.56 and a beta of 0.80. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting analysts’ consensus estimates of $3.93. The firm had revenue of $4.25 billion for 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 was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.83 earnings per share. Analysts predict that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently disclosed 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 1.59%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio is currently 42.84%.

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.