Tractor Supply (NASDAQ:TSCO) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI raised its holdings in Tractor Supply (NASDAQ:TSCO) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,627 shares of the specialty retailer’s stock after purchasing an additional 3,673 shares during the quarter. National Bank of Canada FI’s holdings in Tractor Supply were worth $10,074,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signature Wealth Management Group raised its stake in Tractor Supply by 0.5% during the 2nd 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. Eads & Heald Wealth Management raised its stake in shares of Tractor Supply by 0.6% during the second quarter. Eads & Heald Wealth Management now owns 7,040 shares of the specialty retailer’s stock worth $1,901,000 after purchasing an additional 42 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of Tractor Supply by 2.5% during the second quarter. Brookstone Capital Management now owns 1,820 shares of the specialty retailer’s stock worth $507,000 after purchasing an additional 44 shares during the period. Finally, Lindbrook Capital LLC grew its position in Tractor Supply by 10.9% in the 1st quarter. Lindbrook Capital LLC now owns 459 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 45 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on TSCO. Wells Fargo & Company raised their target price on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Truist Financial raised their price objective on shares of Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Wedbush reiterated a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research report on Friday, July 26th. Evercore ISI cut their target price on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a research note on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $256.72.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $270.59 on Monday. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38. The firm has a market cap of $29.19 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 3.40 and a beta of 0.80. The company’s 50-day moving average is $265.32 and its two-hundred day moving average is $264.92. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO) last announced 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 net margin of 7.65% and a return on equity of 51.84%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.83 earnings per share. Research analysts expect that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be paid a $1.10 dividend. The ex-dividend date is Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.63%. Tractor Supply’s payout ratio is currently 42.84%.

Insider Buying and Selling

In other news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by company insiders.

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.