Mount Yale Investment Advisors LLC Sells 79 Shares of Tractor Supply (NASDAQ:TSCO)

Mount Yale Investment Advisors LLC cut its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 3.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,212 shares of the specialty retailer’s stock after selling 79 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Tractor Supply were worth $644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSCO. Brookstone Capital Management increased its position in shares of Tractor Supply by 20.1% in the first quarter. Brookstone Capital Management now owns 1,776 shares of the specialty retailer’s stock worth $465,000 after purchasing an additional 297 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in Tractor Supply during the first quarter worth about $332,000. Capital Asset Advisory Services LLC bought a new position in Tractor Supply in the 1st quarter valued at about $225,000. Romano Brothers AND Company acquired a new position in shares of Tractor Supply in the 1st quarter valued at approximately $213,000. Finally, Red Door Wealth Management LLC bought a new stake in shares of Tractor Supply during the 1st quarter worth approximately $206,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply

In related news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TSCO shares. Barclays lifted their price objective on shares of Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday. Piper Sandler boosted their price target on Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Robert W. Baird set a $320.00 price objective on Tractor Supply in a research note on Thursday, October 17th. Wedbush reissued a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research note on Friday. Finally, Citigroup downgraded shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $277.70.

Tractor Supply Price Performance

Tractor Supply stock opened at $272.77 on Friday. The firm has a market cap of $29.41 billion, a P/E ratio of 26.56, a P/E/G ratio of 3.66 and a beta of 0.80. The stock’s 50 day moving average is $282.24 and its 200 day moving average is $273.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. Tractor Supply has a one year low of $185.00 and a one year high of $307.64.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.49 billion. As a group, research analysts expect that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued 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 1.61%. Tractor Supply’s payout ratio is currently 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.