Cadinha & Co. LLC Sells 210 Shares of Tractor Supply (NASDAQ:TSCO)

Cadinha & Co. LLC trimmed its holdings in Tractor Supply (NASDAQ:TSCO) by 11.9% during the second quarter, Holdings Channel reports. The firm owned 1,550 shares of the specialty retailer’s stock after selling 210 shares during the quarter. Cadinha & Co. LLC’s holdings in Tractor Supply were worth $418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pine Valley Investments Ltd Liability Co bought a new position in Tractor Supply during the second quarter worth $247,000. Hantz Financial Services Inc. acquired a new position in shares of Tractor Supply during the second quarter valued at about $56,000. GoalVest Advisory LLC boosted its position in shares of Tractor Supply by 0.7% during the 2nd quarter. GoalVest Advisory LLC now owns 8,050 shares of the specialty retailer’s stock worth $2,174,000 after purchasing an additional 55 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new stake in shares of Tractor Supply in the 2nd quarter valued at about $209,000. Finally, International Assets Investment Management LLC bought a new stake in Tractor Supply in the 2nd quarter valued at about $216,000. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the sale, 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 legal filing with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by insiders.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $267.55 on Friday. The stock’s 50 day moving average price is $265.25 and its 200-day moving average price is $263.54. The company has a market capitalization of $28.86 billion, a PE ratio of 26.05, a PEG ratio of 3.36 and a beta of 0.81. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting analysts’ consensus estimates of $3.93. The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $3.83 EPS. On average, equities analysts anticipate that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Monday, August 26th. Tractor Supply’s dividend payout ratio is currently 42.84%.

Analyst Ratings Changes

TSCO has been the topic of several recent research reports. Evercore ISI cut their price target on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Wells Fargo & Company increased their target price on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price target on shares of Tractor Supply in a research note on Thursday, July 25th. Truist Financial upped their price objective on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Benchmark reiterated a “buy” rating and set a $280.00 price objective on shares of Tractor Supply in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $256.58.

Tractor Supply 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.