Tractor Supply (NASDAQ:TSCO) Shares Sold by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. trimmed its holdings in Tractor Supply (NASDAQ:TSCO) by 9.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,394 shares of the specialty retailer’s stock after selling 447 shares during the period. Lifestyle Asset Management Inc.’s holdings in Tractor Supply were worth $1,150,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in TSCO. Citizens National Bank Trust Department raised its position in shares of Tractor Supply by 0.5% during the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock valued at $2,086,000 after acquiring an additional 45 shares in the last quarter. Wedmont Private Capital grew its stake in Tractor Supply by 3.6% during the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock worth $331,000 after buying an additional 45 shares during the last quarter. Wahed Invest LLC grew its stake in Tractor Supply by 2.8% during the 4th quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer’s stock worth $383,000 after buying an additional 49 shares during the last quarter. Fidelis Capital Partners LLC grew its stake in Tractor Supply by 5.0% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock worth $240,000 after buying an additional 53 shares during the last quarter. Finally, 180 Wealth Advisors LLC grew its stake in Tractor Supply by 0.6% during the 1st quarter. 180 Wealth Advisors LLC now owns 9,197 shares of the specialty retailer’s stock worth $2,407,000 after buying an additional 53 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Trading Down 1.6 %

Shares of NASDAQ TSCO traded down $4.38 during mid-day trading on Wednesday, hitting $261.65. 766,338 shares of the company traded hands, compared to its average volume of 1,156,668. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $290.38. The stock has a market capitalization of $28.21 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 3.51 and a beta of 0.81. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average of $275.47 and a two-hundred day moving average of $251.36.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the prior year, the business posted $1.65 earnings per share. Tractor Supply’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Tractor Supply will post 10.34 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.68%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio is currently 42.84%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Evercore ISI lowered their price objective on Tractor Supply from $295.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday. TD Cowen upped their price objective on Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Raymond James upped their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Benchmark reissued a “buy” rating and issued a $256.00 price target on shares of Tractor Supply in a research note on Monday, April 22nd. Finally, Robert W. Baird increased their price target on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $253.96.

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.