Barings LLC Sells 7,890 Shares of Tractor Supply (NASDAQ:TSCO)

Barings LLC trimmed its position in shares of Tractor Supply (NASDAQ:TSCO) by 39.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,944 shares of the specialty retailer’s stock after selling 7,890 shares during the quarter. Barings LLC’s holdings in Tractor Supply were worth $3,225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TSCO. Private Advisor Group LLC boosted its position in shares of Tractor Supply by 44.6% during the fourth quarter. Private Advisor Group LLC now owns 6,527 shares of the specialty retailer’s stock valued at $1,403,000 after purchasing an additional 2,014 shares in the last quarter. Principal Securities Inc. purchased a new position in Tractor Supply during the fourth quarter valued at $421,000. NBC Securities Inc. boosted its holdings in shares of Tractor Supply by 41.5% during the 4th quarter. NBC Securities Inc. now owns 498 shares of the specialty retailer’s stock valued at $107,000 after buying an additional 146 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Tractor Supply by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,052,533 shares of the specialty retailer’s stock worth $226,330,000 after buying an additional 51,489 shares during the period. Finally, Avantax Advisory Services Inc. increased its stake in shares of Tractor Supply by 1.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 5,056 shares of the specialty retailer’s stock worth $1,087,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO opened at $276.25 on Thursday. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38. The firm has a market capitalization of $29.80 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 3.40 and a beta of 0.80. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average of $265.80 and a 200 day moving average of $265.42.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting the consensus estimate of $3.93. The company had revenue of $4.25 billion for 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%. Tractor Supply’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.83 earnings per share. On average, research analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Monday, August 26th. Tractor Supply’s payout ratio is 42.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Evercore ISI cut their price objective on shares of Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Loop Capital raised their price objective on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Wells Fargo & Company raised their price target on Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a research report on Thursday, July 25th. Finally, Truist Financial increased their price objective on shares of Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply has an average rating of “Hold” and an average price target of $256.72.

Insider Buying and Selling at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of the firm’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 sale, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

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.