Andra AP fonden Has $1.51 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Andra AP fonden decreased its position in shares of Tractor Supply (NASDAQ:TSCO) by 77.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,600 shares of the specialty retailer’s stock after selling 19,021 shares during the quarter. Andra AP fonden’s holdings in Tractor Supply were worth $1,512,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TSCO. Sachetta LLC increased its holdings in shares of Tractor Supply by 18.4% in the second quarter. Sachetta LLC now owns 586 shares of the specialty retailer’s stock worth $153,000 after acquiring an additional 91 shares in the last quarter. Royal London Asset Management Ltd. increased its stake in Tractor Supply by 0.8% during the 2nd quarter. Royal London Asset Management Ltd. now owns 69,509 shares of the specialty retailer’s stock worth $18,767,000 after purchasing an additional 559 shares in the last quarter. Choreo LLC increased its stake in Tractor Supply by 193.5% during the 2nd quarter. Choreo LLC now owns 7,411 shares of the specialty retailer’s stock worth $1,986,000 after purchasing an additional 4,886 shares in the last quarter. McBroom & Associates LLC raised its holdings in Tractor Supply by 1.2% during the 2nd quarter. McBroom & Associates LLC now owns 27,745 shares of the specialty retailer’s stock worth $7,491,000 after buying an additional 321 shares during the period. Finally, PFG Investments LLC lifted its stake in Tractor Supply by 7.9% in the second quarter. PFG Investments LLC now owns 7,892 shares of the specialty retailer’s stock valued at $2,131,000 after buying an additional 577 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

TSCO has been the subject of several research reports. Loop Capital increased their price objective on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Wells Fargo & Company lifted their price target on Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Benchmark restated a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Evercore ISI decreased their price objective on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Finally, Wedbush restated a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $256.72.

Tractor Supply Stock Up 1.2 %

Shares of TSCO stock opened at $279.49 on Friday. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $290.38. The stock has a market cap of $30.15 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 3.40 and a beta of 0.80. The firm’s 50-day moving average is $266.16 and its 200-day moving average is $265.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43.

Tractor Supply (NASDAQ:TSCO) last released 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. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the prior year, the company earned $3.83 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts predict that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.57%. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Insider Buying and Selling at Tractor Supply

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 transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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.