Blue Trust Inc. Has $149,000 Position in Tractor Supply (NASDAQ:TSCO)

Blue Trust Inc. increased its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 194.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 569 shares of the specialty retailer’s stock after purchasing an additional 376 shares during the period. Blue Trust Inc.’s holdings in Tractor Supply were worth $149,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Future Financial Wealth Managment LLC acquired a new position in shares of Tractor Supply during the first quarter worth approximately $26,000. Private Wealth Management Group LLC bought a new stake in Tractor Supply in the 4th quarter valued at $27,000. Rise Advisors LLC grew its position in Tractor Supply by 157.1% in the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 66 shares during the last quarter. LRI Investments LLC bought a new position in shares of Tractor Supply during the 1st quarter worth about $28,000. Finally, J.Safra Asset Management Corp raised its position in shares of Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 98 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Trading Up 0.2 %

TSCO opened at $263.94 on Tuesday. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The stock has a market capitalization of $28.46 billion, a PE ratio of 25.70, a PEG ratio of 3.29 and a beta of 0.81. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $267.76 and a two-hundred day moving average price of $261.47.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter last year, the business posted $3.83 earnings per share. Tractor Supply’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

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 given a $1.10 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. Tractor Supply’s payout ratio is 42.84%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Mizuho reissued a “neutral” rating and set a $250.00 target price (up from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Truist Financial boosted their price objective on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Robert W. Baird raised their target price on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Benchmark reissued a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Finally, TD Cowen increased their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $256.58.

Insiders Place Their Bets

In other news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.

Tractor Supply Company 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.