Tractor Supply (NASDAQ:TSCO) Shares Bought by Scientech Research LLC

Scientech Research LLC grew its stake in Tractor Supply (NASDAQ:TSCO) by 227.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,660 shares of the specialty retailer’s stock after buying an additional 4,625 shares during the period. Scientech Research LLC’s holdings in Tractor Supply were worth $1,798,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Maverick Capital Ltd. purchased a new stake in Tractor Supply in the 2nd quarter valued at $1,684,000. MBB Public Markets I LLC purchased a new position in shares of Tractor Supply in the 2nd quarter valued at about $2,043,000. DoubleLine ETF Adviser LP purchased a new position in shares of Tractor Supply in the 2nd quarter valued at about $799,000. Employees Retirement System of Texas acquired a new stake in Tractor Supply in the 2nd quarter valued at about $38,070,000. Finally, APG Asset Management N.V. grew its stake in Tractor Supply by 439.7% in the 2nd quarter. APG Asset Management N.V. now owns 22,216 shares of the specialty retailer’s stock valued at $5,597,000 after acquiring an additional 18,100 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 $285.28 on Friday. The business’s fifty day moving average price is $268.39 and its two-hundred day moving average price is $267.49. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $290.38. The stock has a market capitalization of $30.77 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 3.49 and a beta of 0.80. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting the consensus estimate of $3.93. The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.83 earnings per share. As a group, analysts predict that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were issued 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 payout ratio is presently 42.84%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Evercore ISI decreased their price target 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. Wedbush reaffirmed a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Loop Capital raised their price target 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, Benchmark reaffirmed a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Two investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $258.96.

Insider Transactions at Tractor Supply

In other 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 owns 5,170 shares in the company, valued at $1,356,349.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.24% of the company’s stock.

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.