First Allied Advisory Services Inc. reduced its stake in Tractor Supply (NASDAQ:TSCO) by 18.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 5,829 shares of the specialty retailer’s stock after selling 1,359 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Tractor Supply were worth $443,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Centaurus Financial Inc. purchased a new position in shares of Tractor Supply in the 1st quarter worth about $100,000. Piedmont Investment Advisors LLC purchased a new position in shares of Tractor Supply in the 2nd quarter worth about $106,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Tractor Supply by 118.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,751 shares of the specialty retailer’s stock worth $134,000 after buying an additional 951 shares during the last quarter. WealthTrust Axiom LLC purchased a new position in shares of Tractor Supply in the 2nd quarter worth about $201,000. Finally, Bristlecone Advisors LLC purchased a new position in shares of Tractor Supply in the 2nd quarter worth about $210,000. 81.72% of the stock is currently owned by institutional investors.

TSCO stock opened at $86.49 on Friday. The company has a current ratio of 1.92, a quick ratio of 0.19 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $10.54 billion, a P/E ratio of 25.97, a P/E/G ratio of 1.61 and a beta of 1.33. Tractor Supply has a 1-year low of $54.76 and a 1-year high of $89.62.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 26th. The specialty retailer reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.08. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Tractor Supply had a net margin of 6.34% and a return on equity of 35.24%. Tractor Supply’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 earnings per share. sell-side analysts predict that Tractor Supply will post 4.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 11th. Investors of record on Monday, August 27th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is 37.24%.

A number of equities analysts recently weighed in on TSCO shares. Wells Fargo & Co reissued a “buy” rating on shares of Tractor Supply in a report on Thursday, July 26th. Wedbush boosted their price target on shares of Tractor Supply from $77.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Stephens raised shares of Tractor Supply from an “equal weight” rating to an “overweight” rating and set a $88.00 price target on the stock in a report on Monday, July 9th. Credit Suisse Group boosted their price target on shares of Tractor Supply from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Finally, Piper Jaffray Companies boosted their price target on shares of Tractor Supply from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $80.05.

In related news, CFO Kurt D. Barton sold 6,146 shares of the company’s stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $79.50, for a total value of $488,607.00. Following the transaction, the chief financial officer now directly owns 29,237 shares in the company, valued at $2,324,341.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Benjamin F. Parrish, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $78.44, for a total transaction of $392,200.00. Following the completion of the transaction, the executive vice president now owns 21,948 shares in the company, valued at $1,721,601.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,458 shares of company stock worth $4,378,460. 1.60% of the stock is owned by company insiders.

Tractor Supply 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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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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