Tractor Supply (NASDAQ:TSCO) Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC lifted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 5.9% during the second quarter, Holdings Channel reports. The fund owned 1,425 shares of the specialty retailer’s stock after purchasing an additional 79 shares during the quarter. Parallel Advisors LLC’s holdings in Tractor Supply were worth $385,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TSCO. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply during the first quarter valued at $26,000. Rise Advisors LLC boosted its stake 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 buying an additional 66 shares during the last quarter. LRI Investments LLC acquired a new stake in Tractor Supply in the 1st quarter worth about $28,000. J.Safra Asset Management Corp boosted its stake in Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after buying an additional 98 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TSCO. Truist Financial raised their price target on Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Loop Capital raised their price target on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Wells Fargo & Company lifted their price objective on Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Wedbush reaffirmed a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a research note on Friday, July 26th. Finally, Benchmark reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Tractor Supply in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $256.72.

Tractor Supply Price Performance

TSCO stock opened at $276.75 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $290.38. The stock’s 50 day moving average is $267.02 and its two-hundred day moving average is $266.20. The company has a market capitalization of $29.84 billion, a PE ratio of 26.95, a P/E/G ratio of 3.51 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the previous year, the business earned $3.83 EPS. Tractor Supply’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts predict that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were given a $1.10 dividend. The ex-dividend date was Monday, August 26th. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. Tractor Supply’s payout ratio is 42.84%.

Insider Transactions at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.

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.