Securian Asset Management Inc lowered its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 1.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,987 shares of the specialty retailer’s stock after selling 100 shares during the period. Securian Asset Management Inc’s holdings in Tractor Supply were worth $1,858,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Clearbridge Investments LLC raised its position in shares of Tractor Supply by 156,985.0% in the first quarter. Clearbridge Investments LLC now owns 3,141,699 shares of the specialty retailer’s stock valued at $556,332,000 after buying an additional 3,139,699 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Tractor Supply by 3,576.2% during the second quarter. American Century Companies Inc. now owns 472,055 shares of the specialty retailer’s stock worth $87,831,000 after buying an additional 459,214 shares during the last quarter. Amundi Asset Management US Inc. grew its stake in shares of Tractor Supply by 54.1% during the first quarter. Amundi Asset Management US Inc. now owns 1,230,204 shares of the specialty retailer’s stock worth $217,937,000 after buying an additional 431,951 shares during the last quarter. Zurich Insurance Group Ltd FI grew its stake in shares of Tractor Supply by 186.3% during the first quarter. Zurich Insurance Group Ltd FI now owns 608,098 shares of the specialty retailer’s stock worth $107,682,000 after buying an additional 395,698 shares during the last quarter. Finally, Chilton Investment Co. LLC grew its stake in shares of Tractor Supply by 249.9% during the first quarter. Chilton Investment Co. LLC now owns 295,355 shares of the specialty retailer’s stock worth $52,301,000 after buying an additional 210,936 shares during the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.
In related news, CMO Jonathan S. Estep sold 3,786 shares of the firm’s stock in a transaction that occurred on Friday, August 20th. The shares were sold at an average price of $198.00, for a total value of $749,628.00. Following the completion of the transaction, the chief marketing officer now directly owns 9,455 shares of the company’s stock, valued at approximately $1,872,090. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John P. Ordus sold 19,429 shares of the stock in a transaction that occurred on Friday, September 10th. The stock was sold at an average price of $205.00, for a total transaction of $3,982,945.00. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.
Tractor Supply (NASDAQ:TSCO) last released its earnings results on Sunday, July 18th. The specialty retailer reported $3.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.94 by $0.25. Tractor Supply had a net margin of 7.39% and a return on equity of 49.01%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the prior year, the firm earned $2.90 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. Equities analysts expect that Tractor Supply will post 7.96 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 8th. Stockholders of record on Monday, August 23rd were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, August 20th. Tractor Supply’s dividend payout ratio is currently 30.28%.
Several analysts recently weighed in on TSCO shares. Piper Sandler boosted their price objective on shares of Tractor Supply from $210.00 to $218.00 and gave the stock an “overweight” rating in a research note on Thursday, July 15th. Zacks Investment Research lowered shares of Tractor Supply from a “buy” rating to a “hold” rating and set a $214.00 target price on the stock. in a report on Tuesday. Northcoast Research upgraded shares of Tractor Supply from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Thursday, July 1st. Telsey Advisory Group boosted their target price on shares of Tractor Supply from $205.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, July 16th. Finally, Morgan Stanley upped their price objective on shares of Tractor Supply from $190.00 to $195.00 and gave the company an “equal weight” rating in a report on Tuesday, July 20th. Eleven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $193.73.
About Tractor Supply
Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.
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