Tractor Supply (NASDAQ:TSCO) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its stake in Tractor Supply (NASDAQ:TSCO) by 16.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,556 shares of the specialty retailer’s stock after selling 308 shares during the period. Park Avenue Securities LLC’s holdings in Tractor Supply were worth $407,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Wedmont Private Capital grew its position in shares of Tractor Supply by 3.6% during the first quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock worth $331,000 after acquiring an additional 45 shares during the last quarter. Banque Cantonale Vaudoise grew its position in Tractor Supply by 11.2% in the 1st quarter. Banque Cantonale Vaudoise now owns 18,804 shares of the specialty retailer’s stock worth $4,921,000 after purchasing an additional 1,898 shares during the last quarter. Czech National Bank raised its holdings in shares of Tractor Supply by 0.5% during the first quarter. Czech National Bank now owns 19,022 shares of the specialty retailer’s stock valued at $4,978,000 after buying an additional 86 shares during the last quarter. Rise Advisors LLC boosted its position in shares of Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after buying an additional 66 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Tractor Supply by 42.4% in the 1st quarter. GAMMA Investing LLC now owns 1,158 shares of the specialty retailer’s stock worth $303,000 after buying an additional 345 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TSCO has been the topic of several recent analyst reports. Evercore ISI lifted their target price on Tractor Supply from $290.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Wedbush reaffirmed a “neutral” rating and issued a $235.00 price objective on shares of Tractor Supply in a report on Tuesday, April 23rd. Mizuho reissued a “neutral” rating and set a $250.00 target price (up previously from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Telsey Advisory Group boosted their price target on shares of Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Barclays increased their price objective on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $254.17.

Tractor Supply Stock Up 0.9 %

TSCO stock opened at $270.00 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. The firm has a market capitalization of $29.11 billion, a P/E ratio of 26.29, a P/E/G ratio of 3.48 and a beta of 0.83. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $290.38. The company’s 50 day simple moving average is $274.91 and its 200-day simple moving average is $250.42.

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

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were given a dividend of $1.10 per share. 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 1.63%. Tractor Supply’s payout ratio is presently 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.