Alpha DNA Investment Management LLC Sells 1,865 Shares of Tractor Supply (NASDAQ:TSCO)

Alpha DNA Investment Management LLC reduced its position in shares of Tractor Supply (NASDAQ:TSCO) by 49.9% during the second quarter, Holdings Channel reports. The firm owned 1,871 shares of the specialty retailer’s stock after selling 1,865 shares during the period. Alpha DNA Investment Management LLC’s holdings in Tractor Supply were worth $505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC boosted its stake in shares of Tractor Supply by 17.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 12,070 shares of the specialty retailer’s stock worth $2,698,000 after buying an additional 1,751 shares during the last quarter. Intech Investment Management LLC bought a new position in Tractor Supply during the fourth quarter worth about $346,000. Hsbc Holdings PLC increased its stake in shares of Tractor Supply by 2.5% in the fourth quarter. Hsbc Holdings PLC now owns 366,367 shares of the specialty retailer’s stock worth $78,791,000 after purchasing an additional 9,040 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its holdings in Tractor Supply by 13.6% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 2,677 shares of the specialty retailer’s stock worth $576,000 after buying an additional 320 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Tractor Supply by 5.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 26,738 shares of the specialty retailer’s stock valued at $5,750,000 after purchasing an additional 1,318 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Evercore ISI lowered their target price on shares of Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Wells Fargo & Company lifted their price objective on Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a report on Thursday, July 25th. Loop Capital boosted their price objective on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Finally, Wedbush reissued a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $258.96.

Tractor Supply Trading Up 0.3 %

NASDAQ TSCO opened at $277.57 on Wednesday. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average price is $268.04 and its 200-day moving average price is $267.27. The stock has a market cap of $29.94 billion, a P/E ratio of 27.03, a P/E/G ratio of 3.48 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last announced 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 for 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 revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.83 EPS. As a group, equities analysts forecast that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is currently 42.84%.

Insider Buying and Selling

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.24% of the stock is owned by company insiders.

Tractor Supply Company 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.