Blair William & Co. IL Has $16.49 Million Stock Position in Tractor Supply (NASDAQ:TSCO)

Blair William & Co. IL cut its holdings in Tractor Supply (NASDAQ:TSCO) by 1.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,072 shares of the specialty retailer’s stock after selling 1,033 shares during the period. Blair William & Co. IL’s holdings in Tractor Supply were worth $16,489,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Signature Wealth Management Group increased its stake in Tractor Supply by 0.5% in the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock valued at $1,890,000 after acquiring an additional 38 shares during the last quarter. X Square Capital LLC increased its stake in shares of Tractor Supply by 1.6% in the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock valued at $696,000 after purchasing an additional 41 shares during the last quarter. Eads & Heald Wealth Management raised its holdings in shares of Tractor Supply by 0.6% during the 2nd quarter. Eads & Heald Wealth Management now owns 7,040 shares of the specialty retailer’s stock worth $1,901,000 after buying an additional 42 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in Tractor Supply by 1.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,464 shares of the specialty retailer’s stock valued at $935,000 after buying an additional 42 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TSCO. Benchmark reissued a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a report on Friday, July 26th. 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. Truist Financial upped their price target 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. Evercore ISI cut their price objective on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $256.72.

Insider Activity

In other news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction dated 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 directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

Tractor Supply Stock Down 0.6 %

Shares of NASDAQ:TSCO opened at $273.97 on Friday. 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’s 50-day moving average is $267.73 and its 200-day moving average is $266.44. The company has a market capitalization of $29.55 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 3.56 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results 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 firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.83 earnings per share. Equities research analysts predict that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Monday, August 26th. Tractor Supply’s payout ratio is 42.84%.

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.