Sei Investments Co. Sells 4,893 Shares of Tractor Supply (NASDAQ:TSCO)

Sei Investments Co. trimmed its stake in Tractor Supply (NASDAQ:TSCO) by 10.4% during the second quarter, Holdings Channel reports. The fund owned 41,970 shares of the specialty retailer’s stock after selling 4,893 shares during the period. Sei Investments Co.’s holdings in Tractor Supply were worth $11,332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSCO. Future Financial Wealth Managment LLC purchased a new position in Tractor Supply in the first quarter valued at about $26,000. Rise Advisors LLC boosted its stake in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 66 shares during the last quarter. LRI Investments LLC purchased a new position in Tractor Supply in the first quarter valued at about $28,000. J.Safra Asset Management Corp boosted its stake in Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 98 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in Tractor Supply by 60.9% in the second 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 last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity 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 sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by insiders.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $286.14 on Friday. The company’s fifty day moving average price is $268.74 and its 200-day moving average price is $267.75. The firm has a market capitalization of $30.87 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 3.49 and a beta of 0.80. Tractor Supply has a one year low of $185.00 and a one year high of $290.38. 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 released its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting the consensus estimate of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. 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 earned $3.83 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors 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 dividend payout ratio is currently 42.84%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSCO. Evercore ISI dropped 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. Melius Research initiated coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 price target on the stock. Wedbush restated a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Benchmark restated a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Finally, Truist Financial upped their price target on shares of Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $260.72.

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.