Tractor Supply (NASDAQ:TSCO) Shares Sold by Mount Vernon Associates Inc. MD

Mount Vernon Associates Inc. MD lowered its position in shares of Tractor Supply (NASDAQ:TSCO) by 3.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,169 shares of the specialty retailer’s stock after selling 500 shares during the quarter. Tractor Supply comprises 3.2% of Mount Vernon Associates Inc. MD’s holdings, making the stock its 9th biggest position. Mount Vernon Associates Inc. MD’s holdings in Tractor Supply were worth $3,556,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TSCO. Future Financial Wealth Managment LLC bought a new position in Tractor Supply in the first quarter valued at about $26,000. Private Wealth Management Group LLC bought a new stake in shares of Tractor Supply during the fourth quarter worth about $27,000. Rise Advisors LLC grew its holdings in shares of Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 66 shares during the last quarter. LRI Investments LLC bought a new stake in Tractor Supply in the first quarter valued at approximately $28,000. Finally, J.Safra Asset Management Corp boosted its holdings 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. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. TD Cowen upped their target price on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, April 26th. Piper Sandler boosted their price target on Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Benchmark reissued a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Truist Financial boosted their price target on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Evercore ISI dropped their price target 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $256.58.

Tractor Supply Stock Performance

NASDAQ:TSCO traded up $0.48 during trading on Friday, reaching $263.48. The company’s stock had a trading volume of 1,018,766 shares, compared to its average volume of 948,833. The firm has a market cap of $28.41 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. 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 firm has a 50 day moving average of $267.95 and a 200-day moving average of $261.01. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.93. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate 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 company earned $3.83 EPS. Research analysts expect that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $4.40 annualized dividend and a dividend yield of 1.67%. Tractor Supply’s payout ratio is 42.84%.

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 completion of the transaction, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is owned by corporate insiders.

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.