Thrivent Financial for Lutherans Has $7.37 Million Holdings in Tractor Supply (NASDAQ:TSCO)

Thrivent Financial for Lutherans increased its stake in shares of Tractor Supply (NASDAQ:TSCO) by 6.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,293 shares of the specialty retailer’s stock after buying an additional 1,693 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Tractor Supply were worth $7,369,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply in the 1st quarter valued at $26,000. LRI Investments LLC bought a new position in Tractor Supply during the 1st quarter valued at about $28,000. Rise Advisors LLC grew its stake in Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after buying an additional 66 shares during the last quarter. Whittier Trust Co. grew its stake in 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 buying an additional 42 shares during the last quarter. Finally, J.Safra Asset Management Corp increased 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 worth $29,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling

In related 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 value of $141,669.00. Following the completion of the transaction, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by company insiders.

Tractor Supply Price Performance

TSCO opened at $285.28 on Friday. The company has a fifty day simple moving average of $268.39 and a 200 day simple moving average of $267.49. 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 stock has a market cap of $30.77 billion, a P/E ratio of 27.78, a P/E/G ratio of 3.49 and a beta of 0.80. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting analysts’ consensus estimates of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter last year, the firm posted $3.83 earnings per share. Tractor Supply’s revenue was up 1.6% compared to the same quarter last year. On average, research analysts expect that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders 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 1.54%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio is 42.84%.

Analyst Ratings Changes

Several research analysts have recently commented on TSCO shares. Wedbush reissued a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a report on Friday, July 26th. Loop Capital increased their target price on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Evercore ISI cut 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. Wells Fargo & Company increased their price objective on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Finally, Truist Financial boosted their target price on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $258.96.

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.