Securian Asset Management Inc. Has $1.46 Million Stock Holdings in Tractor Supply Company $TSCO

Securian Asset Management Inc. cut its stake in Tractor Supply Company (NASDAQ:TSCO) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,691 shares of the specialty retailer’s stock after selling 519 shares during the quarter. Securian Asset Management Inc.’s holdings in Tractor Supply were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. APG Asset Management N.V. boosted its holdings in Tractor Supply by 33.3% in the first quarter. APG Asset Management N.V. now owns 475,484 shares of the specialty retailer’s stock worth $24,254,000 after purchasing an additional 118,884 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Tractor Supply by 19.4% in the first quarter. Ameriprise Financial Inc. now owns 2,064,224 shares of the specialty retailer’s stock worth $113,745,000 after purchasing an additional 335,563 shares in the last quarter. Bahl & Gaynor Inc. boosted its holdings in Tractor Supply by 31.0% in the first quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer’s stock worth $9,788,000 after purchasing an additional 41,989 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Tractor Supply by 7.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 70,944 shares of the specialty retailer’s stock worth $3,911,000 after purchasing an additional 5,184 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Tractor Supply by 9.2% in the first quarter. Sequoia Financial Advisors LLC now owns 112,233 shares of the specialty retailer’s stock worth $6,184,000 after purchasing an additional 9,483 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TSCO. Bank of America upgraded shares of Tractor Supply from an “underperform” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Thursday, July 24th. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Robert W. Baird upped their price target on shares of Tractor Supply from $56.00 to $61.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Loop Capital upped their price target on shares of Tractor Supply from $48.00 to $60.00 and gave the company a “hold” rating in a report on Friday, July 25th. Finally, Wolfe Research started coverage on shares of Tractor Supply in a report on Thursday, September 18th. They set an “outperform” rating and a $70.00 price target for the company. Fifteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Tractor Supply currently has an average rating of “Moderate Buy” and a consensus price target of $62.45.

Tractor Supply Stock Up 0.1%

Shares of TSCO opened at $54.83 on Thursday. The company has a 50-day simple moving average of $58.36 and a 200-day simple moving average of $54.96. The firm has a market capitalization of $29.06 billion, a P/E ratio of 26.90, a P/E/G ratio of 2.81 and a beta of 0.73. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.40 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.93 earnings per share. On average, equities research analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. Tractor Supply’s dividend payout ratio is currently 45.10%.

Insider Activity at Tractor Supply

In other news, EVP Colin Yankee sold 6,680 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $58.40, for a total transaction of $390,112.00. Following the completion of the transaction, the executive vice president owned 40,142 shares of the company’s stock, valued at approximately $2,344,292.80. This represents a 14.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.65% 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.