Tractor Supply (NASDAQ:TSCO) Shares Purchased by RBA Wealth Management LLC

RBA Wealth Management LLC boosted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 2.1% during the third quarter, HoldingsChannel.com reports. The firm owned 13,593 shares of the specialty retailer’s stock after purchasing an additional 286 shares during the period. RBA Wealth Management LLC’s holdings in Tractor Supply were worth $3,955,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in Tractor Supply by 527.7% during the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock worth $7,155,000 after purchasing an additional 22,279 shares in the last quarter. Ballentine Partners LLC boosted its position in Tractor Supply by 2.1% during the second quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock worth $1,216,000 after purchasing an additional 93 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Tractor Supply by 3.4% during the first quarter. Janney Montgomery Scott LLC now owns 143,749 shares of the specialty retailer’s stock worth $37,622,000 after purchasing an additional 4,788 shares in the last quarter. Clearbridge Investments LLC boosted its position in Tractor Supply by 11,952.8% during the first quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock worth $63,121,000 after purchasing an additional 239,176 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Tractor Supply by 12.5% during the first 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. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Wells Fargo & Company raised their target price on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Wedbush restated a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a research report on Friday, July 26th. Robert W. Baird set a $320.00 price target on Tractor Supply in a report on Thursday, October 17th. Finally, Evercore ISI cut Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target for the company. in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus price target of $272.50.

Tractor Supply Trading Down 1.0 %

Shares of NASDAQ TSCO traded down $2.95 during trading on Tuesday, reaching $291.65. The stock had a trading volume of 445,707 shares, compared to its average volume of 1,045,413. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $307.64. 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 business’s 50-day moving average price is $280.61 and its 200-day moving average price is $272.47. The company has a market cap of $31.44 billion, a P/E ratio of 28.24, a PEG ratio of 3.74 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the previous year, the firm posted $3.83 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. On average, equities research analysts predict that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a $1.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.51%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Insider Activity at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction dated 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 sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company 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.