Cambridge Investment Research Advisors Inc. Buys 936 Shares of Tractor Supply (NASDAQ:TSCO)

Cambridge Investment Research Advisors Inc. grew its stake in Tractor Supply (NASDAQ:TSCO) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,035 shares of the specialty retailer’s stock after purchasing an additional 936 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Tractor Supply were worth $13,510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new position in Tractor Supply during the 1st quarter worth $26,000. Private Wealth Management Group LLC purchased a new position in Tractor Supply during the 4th quarter worth $27,000. Rise Advisors LLC grew its stake in Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after buying an additional 66 shares during the last quarter. LRI Investments LLC purchased a new position in Tractor Supply during the 1st quarter worth $28,000. Finally, J.Safra Asset Management Corp lifted its position in Tractor Supply by 700.0% during 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 period. 98.72% of the stock is owned by institutional investors.

Insider Activity at Tractor Supply

In related news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction 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 transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TSCO has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price objective on Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Benchmark restated a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Wells Fargo & Company boosted their price objective on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Evercore ISI cut their price objective on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Finally, Piper Sandler boosted their price objective on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Tractor Supply has a consensus rating of “Hold” and a consensus target price of $256.58.

Tractor Supply Stock Up 0.0 %

Shares of NASDAQ TSCO traded up $0.12 during mid-day trading on Tuesday, hitting $272.94. The company had a trading volume of 605,820 shares, compared to its average volume of 1,098,255. The company has a market capitalization of $29.44 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 3.33 and a beta of 0.81. 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. The business’s 50-day simple moving average is $266.33 and its 200 day simple moving average is $262.70.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data 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 business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $3.83 earnings per share. On average, analysts predict 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. Investors of record on Monday, August 26th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Tractor Supply Company 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.