Raymond James & Associates Lowers Position in Tractor Supply (NASDAQ:TSCO)

Raymond James & Associates cut its holdings in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 6.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 585,786 shares of the specialty retailer's stock after selling 43,007 shares during the quarter. Raymond James & Associates owned about 0.54% of Tractor Supply worth $170,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSCO. Future Financial Wealth Managment LLC acquired a new position in shares of Tractor Supply during the 1st quarter worth approximately $26,000. LRI Investments LLC purchased a new stake in Tractor Supply in the 1st quarter valued at $28,000. J.Safra Asset Management Corp increased its stake in shares of Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 98 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 42 shares during the period. Finally, OFI Invest Asset Management purchased a new position in shares of Tractor Supply during the 2nd quarter worth $33,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TSCO. Wells Fargo & Company raised their price objective on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. JPMorgan Chase & Co. increased their price target on shares of Tractor Supply from $260.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday. Wedbush reaffirmed a "neutral" rating and set a $270.00 price target on shares of Tractor Supply in a research report on Friday, July 26th. Evercore ISI cut Tractor Supply from an "outperform" rating to an "in-line" rating and set a $300.00 price objective on the stock. in a report on Thursday, October 3rd. Finally, Loop Capital raised their target price on Tractor Supply from $250.00 to $260.00 and gave the stock a "hold" rating in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $272.50.

Tractor Supply Stock Down 0.2 %

Tractor Supply stock traded down $0.70 during mid-day trading on Friday, reaching $297.62. 823,620 shares of the company's stock were exchanged, compared to its average volume of 862,337. The company has a fifty day moving average of $279.96 and a 200-day moving average of $272.03. The company has a market cap of $32.10 billion, a P/E ratio of 28.70, a P/E/G ratio of 3.74 and a beta of 0.80. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $307.64.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting analysts' consensus estimates of $3.93. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.83 earnings per share. Sell-side analysts expect that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply's dividend payout ratio (DPR) is 42.43%.

Insider Buying and Selling at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of the 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 completion of the sale, the senior vice president now directly owns 5,170 shares of the company's stock, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Kurt D. Barton sold 23,532 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares of the company's stock, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 completion of the transaction, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by 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.