Tractor Supply (NASDAQ:TSCO) Shares Sold by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI lowered its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,569 shares of the specialty retailer’s stock after selling 550 shares during the period. Tractor Supply comprises 1.1% of Arcadia Investment Management Corp MI’s portfolio, making the stock its 29th largest holding. Arcadia Investment Management Corp MI’s holdings in Tractor Supply were worth $6,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. grew its holdings in shares of Tractor Supply by 22.7% during the second quarter. Farmers & Merchants Investments Inc. now owns 2,982 shares of the specialty retailer’s stock worth $805,000 after buying an additional 551 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Tractor Supply by 10.8% during the second quarter. National Bank of Canada FI now owns 37,627 shares of the specialty retailer’s stock worth $10,074,000 after buying an additional 3,673 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Tractor Supply by 0.9% during the second quarter. TD Asset Management Inc now owns 121,851 shares of the specialty retailer’s stock worth $32,900,000 after buying an additional 1,125 shares in the last quarter. FineMark National Bank & Trust grew its holdings in shares of Tractor Supply by 2.6% during the second quarter. FineMark National Bank & Trust now owns 8,995 shares of the specialty retailer’s stock worth $2,429,000 after buying an additional 227 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its holdings in shares of Tractor Supply by 37.1% during the second quarter. Simon Quick Advisors LLC now owns 2,993 shares of the specialty retailer’s stock worth $808,000 after buying an additional 810 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TSCO. Evercore ISI lowered their target price 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. Benchmark restated a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a 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 report on Thursday, July 25th. Wedbush restated a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a report on Friday, July 26th. Finally, Truist Financial boosted their target price on shares of Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a report on Friday, July 26th. Two investment 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 MarketBeat, the company has an average rating of “Hold” and an average target price of $256.58.

Tractor Supply Stock Up 0.0 %

TSCO traded up $0.07 during trading on Friday, hitting $270.88. The company had a trading volume of 56,489 shares, compared to its average volume of 1,084,650. The company has a market cap of $29.20 billion, a PE ratio of 26.57, a P/E/G ratio of 3.36 and a beta of 0.80. The business has a 50-day moving average of $265.30 and a 200-day moving average of $264.28. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.93. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.83 earnings per share. As a group, analysts forecast that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.62%. Tractor Supply’s payout ratio is 42.84%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.24% of the stock is owned by insiders.

About Tractor Supply

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.