D.B. Root & Company LLC Sells 533 Shares of Tractor Supply (NASDAQ:TSCO)

D.B. Root & Company LLC decreased its position in shares of Tractor Supply (NASDAQ:TSCO) by 10.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,484 shares of the specialty retailer’s stock after selling 533 shares during the quarter. D.B. Root & Company LLC’s holdings in Tractor Supply were worth $1,211,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new position in Tractor Supply during the 1st quarter valued at about $26,000. LRI Investments LLC purchased a new position in Tractor Supply during the first quarter valued at approximately $28,000. Rise Advisors LLC raised its stake in 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 buying an additional 66 shares in the last quarter. J.Safra Asset Management Corp raised its stake in Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after buying an additional 98 shares in the last quarter. Finally, Private Wealth Management Group LLC purchased a new stake in Tractor Supply during the fourth quarter worth $27,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

TSCO has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price target on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Robert W. Baird boosted their target price on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. TD Cowen raised their price target on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, April 26th. Morgan Stanley boosted their price objective on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply currently has an average rating of “Hold” and an average price target of $256.58.

Tractor Supply Price Performance

TSCO traded up $1.71 during midday trading on Monday, hitting $262.23. 776,541 shares of the company traded hands, compared to its average volume of 1,012,479. The company has a market capitalization of $28.29 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.27 and a beta of 0.81. The business has a 50 day simple moving average of $268.58 and a two-hundred day simple moving average of $260.26. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $290.38.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the company posted $3.83 EPS. Tractor Supply’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts forecast that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.68%. 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.