Main Street Financial Solutions LLC Sells 219 Shares of Tractor Supply (NASDAQ:TSCO)

Main Street Financial Solutions LLC lowered its position in Tractor Supply (NASDAQ:TSCO) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,973 shares of the specialty retailer’s stock after selling 219 shares during the period. Main Street Financial Solutions LLC’s holdings in Tractor Supply were worth $1,073,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in Tractor Supply by 63.2% in the 4th quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock worth $990,526,000 after purchasing an additional 1,784,304 shares in the last quarter. Norges Bank purchased a new stake in Tractor Supply in the 4th quarter worth $260,560,000. Capital World Investors lifted its stake in Tractor Supply by 10.0% in the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after purchasing an additional 531,170 shares in the last quarter. Capital International Investors lifted its stake in Tractor Supply by 7.6% in the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after purchasing an additional 439,954 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Tractor Supply by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after purchasing an additional 368,859 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $279.49 on Friday. The firm has a market cap of $30.15 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 3.47 and a beta of 0.80. The firm’s 50 day simple moving average is $266.16 and its 200-day simple moving average is $265.52. 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 quick ratio of 0.25 and a current ratio of 1.43.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.93. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. Tractor Supply’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $3.83 earnings per share. As a group, equities analysts predict that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently disclosed 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 yield of 1.57%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s payout ratio is 42.84%.

Insiders Place Their Bets

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TSCO. 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. Wedbush reaffirmed a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Loop Capital increased their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a report on Friday, September 6th. Benchmark reaffirmed a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $256.72.

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.