Chevy Chase Trust Holdings LLC Has $16.17 Million Holdings in Tractor Supply (NASDAQ:TSCO)

Chevy Chase Trust Holdings LLC cut its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,882 shares of the specialty retailer’s stock after selling 1,006 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Tractor Supply were worth $16,168,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of 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 valued at $990,526,000 after acquiring an additional 1,784,304 shares during the last quarter. Norges Bank bought a new stake in shares of Tractor Supply in the 4th quarter valued at about $260,560,000. Capital World Investors increased its stake in shares of Tractor Supply by 10.0% in the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock valued at $1,257,751,000 after acquiring an additional 531,170 shares during the last quarter. Capital International Investors increased its stake in shares of Tractor Supply by 7.6% in the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock valued at $1,340,589,000 after acquiring an additional 439,954 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of 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 valued at $871,691,000 after acquiring an additional 368,859 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TSCO has been the subject of a number of recent analyst reports. TD Cowen upped their price target on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. increased their target price on Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Wedbush reissued a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research note on Friday, July 26th. Robert W. Baird increased their target price on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $305.00 target price on shares of Tractor Supply in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $256.58.

Tractor Supply Price Performance

TSCO stock traded down $0.54 during midday trading on Tuesday, reaching $263.40. The company had a trading volume of 524,265 shares, compared to its average volume of 924,648. The company has a market capitalization of $28.41 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 3.31 and a beta of 0.81. The stock has a 50 day moving average price of $267.46 and a 200-day moving average price of $261.68. Tractor Supply has a 1-year low of $185.00 and a 1-year 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 posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting analysts’ consensus estimates of $3.93. The business 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%. Tractor Supply’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.83 earnings per share. Equities research analysts expect that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.67%. The ex-dividend date is 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 the business’s 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 transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.

Tractor Supply Company 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.