Tractor Supply (NASDAQ:TSCO) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lessened its stake in Tractor Supply (NASDAQ:TSCO) by 25.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 730 shares of the specialty retailer’s stock after selling 249 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Tractor Supply were worth $191,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TSCO. Envestnet Portfolio Solutions Inc. purchased a new stake in Tractor Supply in the 3rd quarter valued at approximately $1,359,000. LPL Financial LLC boosted its stake in shares of Tractor Supply by 4.6% during the 3rd quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock worth $23,122,000 after acquiring an additional 5,014 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Tractor Supply by 57.7% during the 3rd quarter. Federated Hermes Inc. now owns 288,315 shares of the specialty retailer’s stock worth $58,542,000 after purchasing an additional 105,538 shares during the last quarter. Northern Trust Corp raised its position in shares of Tractor Supply by 4.7% during the 3rd quarter. Northern Trust Corp now owns 1,182,164 shares of the specialty retailer’s stock worth $240,038,000 after purchasing an additional 52,583 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Tractor Supply by 5.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,331 shares of the specialty retailer’s stock worth $270,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Down 3.4 %

Shares of Tractor Supply stock opened at $280.23 on Friday. The company has a fifty day moving average price of $271.93 and a 200 day moving average price of $247.66. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38. The stock has a market cap of $30.21 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 3.77 and a beta of 0.83.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.65 EPS. Equities research analysts forecast that Tractor Supply will post 10.34 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.57%. Tractor Supply’s payout ratio is currently 42.84%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TSCO. Evercore ISI lifted their price objective on Tractor Supply from $290.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday. Wedbush restated a “neutral” rating and set a $235.00 price objective on shares of Tractor Supply in a research report on Tuesday, April 23rd. Raymond James lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. lifted their price objective on Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Finally, Robert W. Baird lifted their price objective on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Two 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’s stock. Based on data from MarketBeat, Tractor Supply presently has a consensus rating of “Hold” and an average target price of $254.17.

About Tractor Supply

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.