Tractor Supply (NASDAQ:TSCO) Holdings Decreased by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. lessened its stake in Tractor Supply (NASDAQ:TSCO) by 26.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 273 shares of the specialty retailer’s stock after selling 97 shares during the period. Armstrong Advisory Group Inc.’s holdings in Tractor Supply were worth $79,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply in the first quarter worth about $26,000. LRI Investments LLC bought a new stake in Tractor Supply during the first quarter worth approximately $28,000. Rise Advisors LLC boosted its holdings in Tractor Supply by 157.1% during 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. Whittier Trust Co. grew its position in Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in shares of Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity

In related 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 transaction of $6,957,000.48. Following the completion of the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 owns 9,683 shares of the company’s stock, valued at approximately $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.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday. Wedbush reissued a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Benchmark reaffirmed a “buy” rating and set a $280.00 price objective on shares of Tractor Supply in a research note on Monday, September 30th. Loop Capital lifted their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, Piper Sandler upped their price target on shares of Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $268.32.

Tractor Supply Stock Performance

Shares of TSCO opened at $303.74 on Tuesday. The firm has a market cap of $32.75 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 3.73 and a beta of 0.80. The company’s fifty day moving average is $276.64 and its 200-day moving average is $270.97. 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 has a 12 month low of $185.00 and a 12 month high of $306.38.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $4.28 billion. During the same period in the prior year, the business posted $3.83 earnings per share. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts expect that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.45%. Tractor Supply’s dividend payout ratio (DPR) is presently 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.