Hennion & Walsh Asset Management Inc. Sells 308 Shares of Tractor Supply (NASDAQ:TSCO)

Hennion & Walsh Asset Management Inc. decreased its stake in shares of Tractor Supply (NASDAQ:TSCO) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,027 shares of the specialty retailer’s stock after selling 308 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Tractor Supply were worth $1,627,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TSCO. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the first quarter worth $26,000. Private Wealth Management Group LLC acquired a new position in Tractor Supply during the fourth quarter worth $27,000. 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 purchasing an additional 66 shares during the last quarter. LRI Investments LLC acquired a new position in Tractor Supply during the first quarter worth $28,000. Finally, J.Safra Asset Management Corp boosted its holdings in Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Up 0.2 %

NASDAQ:TSCO traded up $0.58 during mid-day trading on Monday, hitting $264.06. 301,663 shares of the company’s stock were exchanged, compared to its average volume of 1,115,823. The firm has a market capitalization of $28.47 billion, a P/E ratio of 25.66, a PEG ratio of 3.29 and a beta of 0.81. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $290.38. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The company has a 50 day simple moving average of $267.95 and a 200-day simple moving average of $261.26.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly 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 firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. 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 company earned $3.83 EPS. As a group, research analysts expect that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Dividend Announcement

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 dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Monday, August 26th. Tractor Supply’s dividend payout ratio is 42.84%.

Analysts Set New Price Targets

TSCO has been the subject of several recent research reports. Piper Sandler increased their target price on shares of Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Wells Fargo & Company increased their price target on shares of Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Barclays increased their price target on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Wedbush reiterated a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. increased their price target 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 issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $256.58.

Insiders Place Their Bets

In related news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.24% of the company’s stock.

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.