Capital Advisory Group Advisory Services LLC lessened its holdings in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,110 shares of the specialty retailer’s stock after selling 430 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Tractor Supply were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Tractor Supply by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 66,631,422 shares of the specialty retailer’s stock worth $3,671,391,000 after acquiring an additional 2,597,450 shares during the period. Wellington Management Group LLP lifted its position in Tractor Supply by 16.0% in the first quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after purchasing an additional 3,815,520 shares during the period. Alliancebernstein L.P. lifted its position in Tractor Supply by 10.8% in the first quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock worth $1,359,036,000 after purchasing an additional 2,408,373 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Tractor Supply by 14.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,927,641 shares of the specialty retailer’s stock valued at $657,214,000 after purchasing an additional 1,510,489 shares in the last quarter. Finally, Select Equity Group L.P. increased its position in shares of Tractor Supply by 16.8% during the 1st quarter. Select Equity Group L.P. now owns 8,959,995 shares of the specialty retailer’s stock valued at $493,696,000 after purchasing an additional 1,290,771 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.
Tractor Supply Stock Performance
TSCO opened at $59.10 on Thursday. The stock has a market cap of $31.32 billion, a PE ratio of 29.00, a P/E/G ratio of 3.03 and a beta of 0.76. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The stock’s 50 day simple moving average is $59.54 and its 200-day simple moving average is $54.60. The company has a current ratio of 1.28, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68.
Tractor Supply Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, August 25th. Tractor Supply’s payout ratio is presently 45.10%.
Analyst Upgrades and Downgrades
Several analysts recently commented on TSCO shares. Bank of America raised Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on Tractor Supply from $56.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Truist Financial raised their target price on shares of Tractor Supply from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Robert W. Baird lifted their target price on shares of Tractor Supply from $56.00 to $61.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, Telsey Advisory Group set a $70.00 price target on shares of Tractor Supply in a report on Friday, July 25th. Thirteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.80.
Insider Activity at Tractor Supply
In other Tractor Supply news, EVP Jonathan S. Estep sold 35,825 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $56.00, for a total value of $2,006,200.00. Following the completion of the transaction, the executive vice president directly owned 74,605 shares of the company’s stock, valued at approximately $4,177,880. The trade was a 32.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Denise L. Jackson sold 1,165 shares of the company’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $58.50, for a total value of $68,152.50. Following the transaction, the director directly owned 31,123 shares in the company, valued at approximately $1,820,695.50. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 204,680 shares of company stock valued at $12,071,552. 0.65% 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.
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