Banque Cantonale Vaudoise Trims Holdings in Tractor Supply (NASDAQ:TSCO)

Banque Cantonale Vaudoise cut its stake in Tractor Supply (NASDAQ:TSCO) by 45.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,218 shares of the specialty retailer’s stock after selling 8,586 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Tractor Supply were worth $2,759,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TSCO. IFG Advisory LLC bought a new position in shares of Tractor Supply in the second quarter worth $212,000. Rothschild Investment LLC bought a new stake in shares of Tractor Supply during the 2nd quarter valued at about $615,000. Pine Valley Investments Ltd Liability Co purchased a new position in shares of Tractor Supply during the second quarter worth about $247,000. Hantz Financial Services Inc. bought a new stake in Tractor Supply during the second quarter valued at approximately $56,000. Finally, GoalVest Advisory LLC lifted its position in Tractor Supply by 0.7% during the second quarter. GoalVest Advisory LLC now owns 8,050 shares of the specialty retailer’s stock valued at $2,174,000 after purchasing an additional 55 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on TSCO shares. JPMorgan Chase & Co. increased their price target on shares of Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Benchmark reiterated a “buy” rating and set a $280.00 price objective on shares of Tractor Supply in a research report on Friday, July 26th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a research report on Thursday, July 25th. Wedbush reiterated a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research report on Friday, July 26th. Finally, Evercore ISI lowered their price objective on shares of Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $256.58.

Tractor Supply Trading Down 2.3 %

Shares of TSCO traded down $6.16 during trading hours on Friday, reaching $267.55. 1,362,464 shares of the company traded hands, compared to its average volume of 1,093,979. Tractor Supply has a 12 month low of $185.00 and a 12 month 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. The company’s fifty day moving average price is $265.25 and its two-hundred day moving average price is $263.33. The company has a market capitalization of $28.86 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 3.43 and a beta of 0.81.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share 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 business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the previous year, the firm posted $3.83 EPS. The business’s revenue was up 1.6% on a year-over-year basis. Equities research analysts predict that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be paid a $1.10 dividend. The ex-dividend date is Monday, August 26th. This represents a $4.40 annualized dividend and a dividend yield of 1.64%. Tractor Supply’s dividend payout ratio 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.