Bank of Montreal Can Buys 2,230 Shares of Tractor Supply (NASDAQ:TSCO)

Bank of Montreal Can raised its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,631 shares of the specialty retailer’s stock after buying an additional 2,230 shares during the quarter. Bank of Montreal Can owned about 0.10% of Tractor Supply worth $28,597,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Tractor Supply by 0.4% during the fourth 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 during the last quarter. Capital International Investors increased its holdings in shares of Tractor Supply by 7.6% in the fourth 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 grew its holdings in shares of Tractor Supply by 10.0% during the fourth quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after buying an additional 531,170 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of 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 worth $990,526,000 after buying an additional 1,784,304 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Tractor Supply by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after buying an additional 368,859 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSCO. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a research note on Thursday, July 25th. Wedbush reissued a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Evercore ISI dropped their price objective 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 issued a $280.00 price objective on shares of Tractor Supply in a report on Friday, July 26th. Finally, Truist Financial lifted their price objective on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Tractor Supply presently has a consensus rating of “Hold” and a consensus target price of $260.72.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is currently owned by company insiders.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $286.14 on Friday. The firm has a market cap of $30.87 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 3.49 and a beta of 0.80. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $290.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. The business has a 50-day simple moving average of $268.74 and a two-hundred day simple moving average of $267.75.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting the consensus estimate of $3.93. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. Tractor Supply’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.83 EPS. On average, analysts expect that Tractor Supply will post 10.23 earnings per share for the current 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 given a $1.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.54%. Tractor Supply’s dividend payout ratio is currently 42.84%.

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.