McBroom & Associates LLC Buys 321 Shares of Tractor Supply (NASDAQ:TSCO)

McBroom & Associates LLC grew its stake in Tractor Supply (NASDAQ:TSCO) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,745 shares of the specialty retailer’s stock after buying an additional 321 shares during the period. Tractor Supply accounts for 4.7% of McBroom & Associates LLC’s investment portfolio, making the stock its 10th largest holding. McBroom & Associates LLC’s holdings in Tractor Supply were worth $7,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Wedmont Private Capital boosted its stake in Tractor Supply by 3.6% in the first quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock valued at $331,000 after acquiring an additional 45 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in Tractor Supply by 998.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 109,403 shares of the specialty retailer’s stock worth $23,525,000 after buying an additional 99,441 shares during the period. Scotia Capital Inc. lifted its stake in Tractor Supply by 792.9% in the fourth quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock valued at $4,180,000 after buying an additional 17,261 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Tractor Supply by 527.7% in the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock valued at $7,155,000 after acquiring an additional 22,279 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Tractor Supply by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after acquiring an additional 48,439 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Trading Down 0.1 %

Shares of Tractor Supply stock opened at $270.59 on Monday. 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. The business has a 50 day moving average price of $265.32 and a 200 day moving average price of $264.92. The company has a market capitalization of $29.19 billion, a P/E ratio of 26.35, a P/E/G ratio of 3.40 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 (EPS) for the quarter, meeting the consensus estimate of $3.93. The business had revenue of $4.25 billion for 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%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.83 earnings per share. Sell-side analysts anticipate that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors 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 dividend yield of 1.63%. The ex-dividend date is Monday, August 26th. Tractor Supply’s payout ratio is 42.84%.

Wall Street Analysts Forecast Growth

TSCO has been the subject of several research reports. Benchmark reiterated a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a research report on Friday, July 26th. Wells Fargo & Company raised their price target on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Evercore ISI decreased their price objective on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Wedbush reiterated a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a research note on Friday, July 26th. Finally, Loop Capital upped their price target on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $256.72.

Insider Buying and Selling

In other news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, 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 document filed with the SEC, which is available through the SEC website. 0.24% of the stock is owned by company insiders.

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.