Richwood Investment Advisors LLC lifted its position in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) by 1.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 28,355 shares of the specialty retailer’s stock after acquiring an additional 300 shares during the period. Tractor Supply accounts for 1.2% of Richwood Investment Advisors LLC’s portfolio, making the stock its 16th biggest holding. Richwood Investment Advisors LLC’s holdings in Tractor Supply were worth $1,496,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of TSCO. D.B. Root & Company LLC boosted its stake in Tractor Supply by 9.6% during the 2nd quarter. D.B. Root & Company LLC now owns 25,191 shares of the specialty retailer’s stock valued at $1,329,000 after purchasing an additional 2,206 shares during the period. Belpointe Asset Management LLC boosted its position in shares of Tractor Supply by 9.6% during the second quarter. Belpointe Asset Management LLC now owns 4,934 shares of the specialty retailer’s stock worth $260,000 after buying an additional 432 shares during the period. DAVENPORT & Co LLC grew its holdings in Tractor Supply by 3.1% in the 2nd quarter. DAVENPORT & Co LLC now owns 18,423 shares of the specialty retailer’s stock worth $972,000 after buying an additional 553 shares in the last quarter. Marks Group Wealth Management Inc increased its position in Tractor Supply by 4.5% in the 2nd quarter. Marks Group Wealth Management Inc now owns 161,608 shares of the specialty retailer’s stock valued at $8,528,000 after acquiring an additional 6,958 shares during the period. Finally, Running Oak Capital LLC raised its stake in Tractor Supply by 8.8% during the 2nd quarter. Running Oak Capital LLC now owns 304,413 shares of the specialty retailer’s stock valued at $16,064,000 after acquiring an additional 24,592 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.
Tractor Supply Stock Down 2.0%
NASDAQ TSCO opened at $54.69 on Tuesday. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The company has a market capitalization of $28.98 billion, a P/E ratio of 26.84, a PEG ratio of 2.86 and a beta of 0.73. The company’s 50 day simple moving average is $59.38 and its 200 day simple moving average is $54.92. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16.
Tractor Supply Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. Tractor Supply’s payout ratio is 45.10%.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Telsey Advisory Group set a $70.00 price target on Tractor Supply in a research note on Friday, July 25th. Robert W. Baird raised their target price on shares of Tractor Supply from $56.00 to $61.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Raymond James Financial reaffirmed an “outperform” rating and issued a $65.00 price target (up from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their price objective on shares of Tractor Supply from $56.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Finally, UBS Group boosted their target price on Tractor Supply from $54.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $62.15.
Read Our Latest Research Report on TSCO
Insider Buying and Selling
In related news, EVP Colin Yankee sold 6,680 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the completion of the transaction, the executive vice president owned 40,142 shares in the company, valued at $2,344,292.80. This trade represents a 14.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 90,000 shares of Tractor Supply stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $5,756,400.00. Following the completion of the transaction, the chief financial officer directly owned 47,715 shares in the company, valued at $3,051,851.40. This represents a 65.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 106,045 shares of company stock valued at $6,719,757. 0.65% of the stock is currently owned by company 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.
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