Mount Yale Investment Advisors LLC Has $644,000 Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Mount Yale Investment Advisors LLC lowered its position in shares of Tractor Supply (NASDAQ:TSCO) by 3.4% in the third quarter, according to the company in its most recent disclosure with the SEC. 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.

Several other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Tractor Supply by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after buying an additional 368,859 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Tractor Supply by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock worth $303,278,000 after acquiring an additional 110,342 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Tractor Supply by 4.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 800,463 shares of the specialty retailer’s stock valued at $216,125,000 after acquiring an additional 37,071 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Tractor Supply by 67.4% in the second quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock worth $109,002,000 after acquiring an additional 162,533 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Tractor Supply by 5.6% during the second quarter. Principal Financial Group Inc. now owns 368,161 shares of the specialty retailer’s stock worth $99,403,000 after purchasing an additional 19,393 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the company’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 transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was 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 approximately $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kurt D. Barton sold 23,532 shares of the business’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 owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Tractor Supply Stock Down 0.6 %

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

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

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Benchmark reiterated a “buy” rating and issued a $280.00 price objective on shares of Tractor Supply in a research report on Monday, October 21st. Evercore ISI downgraded shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective for the company. in a research report on Thursday, October 3rd. DA Davidson boosted their price objective on shares of Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company increased their target price on Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Citigroup lowered Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $277.70.

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.