Diversified Trust Co Lowers Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Diversified Trust Co cut its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 20.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,875 shares of the specialty retailer’s stock after selling 726 shares during the period. Diversified Trust Co’s holdings in Tractor Supply were worth $777,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Apeiron RIA LLC raised its holdings in Tractor Supply by 13.3% in the second quarter. Apeiron RIA LLC now owns 2,091 shares of the specialty retailer’s stock valued at $565,000 after acquiring an additional 246 shares in the last quarter. Burke & Herbert Bank & Trust Co. purchased a new stake in Tractor Supply in the second quarter valued at approximately $271,000. Wedmont Private Capital boosted its holdings in shares of Tractor Supply by 22.2% in the second quarter. Wedmont Private Capital now owns 1,600 shares of the specialty retailer’s stock valued at $434,000 after acquiring an additional 291 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Tractor Supply by 3.6% during the second quarter. Sequoia Financial Advisors LLC now owns 19,057 shares of the specialty retailer’s stock worth $5,145,000 after acquiring an additional 668 shares during the last quarter. Finally, Signature Wealth Management Group increased its holdings in shares of Tractor Supply by 0.5% in the 2nd quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock valued at $1,890,000 after acquiring an additional 38 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Trading Down 0.0 %

NASDAQ:TSCO traded down $0.01 during trading hours on Wednesday, reaching $260.33. 48,878 shares of the company were exchanged, compared to its average volume of 1,121,610. The firm has a market cap of $28.07 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 3.27 and a beta of 0.81. The stock has a 50 day simple moving average of $268.39 and a 200 day simple moving average of $260.49. Tractor Supply has a 52-week low of $185.00 and a 52-week 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 issued its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share 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 business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the company posted $3.83 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, analysts predict that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Monday, August 26th. Tractor Supply’s payout ratio is currently 42.84%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research note on Friday, April 26th. Evercore ISI decreased their target price on shares of Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Raymond James boosted their target price on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Robert W. Baird raised their price objective on shares of Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Wells Fargo & Company raised their target price on Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $256.58.

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.