Tractor Supply (NASDAQ:TSCO) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. reduced its holdings in Tractor Supply (NASDAQ:TSCO) by 49.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 469 shares of the specialty retailer’s stock after selling 450 shares during the quarter. Cambridge Trust Co.’s holdings in Tractor Supply were worth $123,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TSCO. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the first quarter worth $26,000. Private Wealth Management Group LLC acquired a new position in shares of Tractor Supply in the fourth quarter worth $27,000. Pinnacle Bancorp Inc. acquired a new position in shares of Tractor Supply in the fourth quarter worth $28,000. Rise Advisors LLC raised its holdings in shares of Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 66 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Tractor Supply in the first quarter worth $28,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSCO has been the subject of a number of analyst reports. Evercore ISI cut their price target on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Morgan Stanley boosted their price target on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. JPMorgan Chase & Co. lifted their price objective on Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Tractor Supply in a research report on Thursday, July 25th. Finally, Raymond James lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply currently has an average rating of “Hold” and a consensus price target of $256.58.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO traded down $3.49 during trading on Friday, hitting $252.77. 880,390 shares of the company traded hands, compared to its average volume of 1,074,790. The stock has a market capitalization of $27.25 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 3.22 and a beta of 0.81. The business’s fifty day moving average is $271.12 and its 200-day moving average is $258.79. Tractor Supply has a one year low of $185.00 and a one year high of $290.38. 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 (NASDAQ:TSCO) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting 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 during the quarter, compared to analyst estimates of $4.28 billion. During the same period in the prior year, the company earned $3.83 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts predict that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

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.