Tractor Supply (NASDAQ:TSCO) Shares Sold by Lorne Steinberg Wealth Management Inc.

Lorne Steinberg Wealth Management Inc. lessened its stake in Tractor Supply (NASDAQ:TSCO) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,850 shares of the specialty retailer’s stock after selling 265 shares during the period. Lorne Steinberg Wealth Management Inc.’s holdings in Tractor Supply were worth $4,820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of Tractor Supply by 63.2% in the 4th quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock worth $990,526,000 after acquiring an additional 1,784,304 shares during the period. Norges Bank purchased a new stake in Tractor Supply in the 4th quarter valued at approximately $260,560,000. Capital World Investors increased its position in Tractor Supply by 10.0% during the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after purchasing an additional 531,170 shares during the period. Capital International Investors grew its holdings in Tractor Supply by 7.6% during the fourth quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after acquiring an additional 439,954 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Tractor Supply by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after purchasing an additional 368,859 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Trading Up 0.2 %

Shares of NASDAQ:TSCO traded up $0.48 during trading on Friday, reaching $263.48. 1,018,762 shares of the stock were exchanged, compared to its average volume of 948,833. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38. The firm has a market cap of $28.42 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. The firm’s 50-day moving average price is $268.10 and its 200 day moving average price is $260.52.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.93. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.83 EPS. On average, sell-side analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently declared 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. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Monday, August 26th. Tractor Supply’s dividend payout ratio is presently 42.84%.

Analyst Upgrades and Downgrades

TSCO has been the topic of several research analyst reports. Piper Sandler boosted their target price on shares of Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Tractor Supply in a research note on Thursday, July 25th. Wells Fargo & Company lifted their price target on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Robert W. Baird lifted their price target on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Truist Financial lifted their price target on Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply has a consensus rating of “Hold” and an average price target of $256.58.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company’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 transaction, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

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.