Waddell & Reed Financial Inc. decreased its holdings in Tractor Supply (NASDAQ:TSCO) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,870,031 shares of the specialty retailer’s stock after selling 9,402 shares during the quarter. Waddell & Reed Financial Inc. owned approximately 1.57% of Tractor Supply worth $203,459,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Icon Wealth Partners LLC bought a new position in Tractor Supply in the 1st quarter valued at $27,000. CSat Investment Advisory L.P. raised its position in Tractor Supply by 46.4% in the 2nd quarter. CSat Investment Advisory L.P. now owns 429 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 136 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in Tractor Supply by 255.9% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 484 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 348 shares during the last quarter. Coastal Investment Advisors Inc. raised its position in Tractor Supply by 32.3% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 549 shares of the specialty retailer’s stock valued at $58,000 after purchasing an additional 134 shares during the last quarter. Finally, Amica Retiree Medical Trust bought a new position in Tractor Supply in the 2nd quarter valued at $61,000. Hedge funds and other institutional investors own 82.76% of the company’s stock.
Shares of Tractor Supply stock traded down $0.78 during trading on Tuesday, reaching $91.38. 60,602 shares of the company were exchanged, compared to its average volume of 1,454,434. The company has a quick ratio of 0.16, a current ratio of 1.52 and a debt-to-equity ratio of 1.57. Tractor Supply has a twelve month low of $78.67 and a twelve month high of $114.25. The business has a 50-day moving average price of $100.64 and a 200-day moving average price of $102.59. The firm has a market capitalization of $10.78 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 1.69 and a beta of 1.10.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.53%. Tractor Supply’s dividend payout ratio (DPR) is presently 32.48%.
In related news, SVP Chad Michael Frazell sold 17,857 shares of Tractor Supply stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $110.04, for a total transaction of $1,964,984.28. Following the completion of the sale, the senior vice president now directly owns 31,004 shares of the company’s stock, valued at $3,411,680.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.
Several equities analysts have issued reports on the company. Morgan Stanley lifted their price objective on Tractor Supply from $112.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Northcoast Research downgraded Tractor Supply from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 3rd. Guggenheim restated a “buy” rating and set a $110.00 target price (down previously from $120.00) on shares of Tractor Supply in a research report on Friday. Telsey Advisory Group dropped their target price on Tractor Supply from $113.00 to $108.00 and set a “market perform” rating for the company in a research report on Friday, August 23rd. Finally, Piper Jaffray Companies boosted their target price on Tractor Supply from $114.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and an average target price of $107.11.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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