Core Alternative Capital Cuts Stake in Tractor Supply (NASDAQ:TSCO)

Core Alternative Capital decreased its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,250 shares of the specialty retailer’s stock after selling 118 shares during the quarter. Core Alternative Capital’s holdings in Tractor Supply were worth $1,418,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TSCO. Focus Financial Network Inc. ADV purchased a new stake in shares of Tractor Supply in the fourth quarter valued at about $219,000. Scotia Capital Inc. increased its holdings in shares of Tractor Supply by 792.9% during the 4th quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock worth $4,180,000 after buying an additional 17,261 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Tractor Supply by 32.7% during the 4th quarter. Bank of Nova Scotia now owns 16,098 shares of the specialty retailer’s stock valued at $3,461,000 after buying an additional 3,965 shares during the period. FinTrust Capital Advisors LLC increased its stake in Tractor Supply by 45.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 318 shares of the specialty retailer’s stock worth $68,000 after acquiring an additional 100 shares during the last quarter. Finally, HFR Wealth Management LLC raised its position in Tractor Supply by 1.2% in the fourth quarter. HFR Wealth Management LLC now owns 51,001 shares of the specialty retailer’s stock valued at $10,967,000 after purchasing an additional 582 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Melius Research began coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They set a “buy” rating and a $315.00 price target for the company. Wedbush reissued a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a research report on Friday, July 26th. Truist Financial raised their price target on Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Evercore ISI decreased their target price on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, Wells Fargo & Company boosted their price target on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Tractor Supply has an average rating of “Hold” and a consensus price target of $260.83.

Tractor Supply Stock Up 0.3 %

TSCO stock opened at $286.14 on Monday. The company has a market cap of $30.85 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 12 month low of $185.00 and a 12 month high of $290.38. The company has a fifty day moving average price of $268.74 and a 200 day moving average price of $267.97. 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 quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the prior year, the business posted $3.83 earnings per share. Tractor Supply’s revenue was up 1.6% compared to the same quarter last year. Sell-side 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. Shareholders of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.54%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Insider Buying and Selling

In other news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction on Monday, August 12th. The stock was 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 $1,356,349.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.