Mattern Capital Management LLC Sells 582 Shares of Tractor Supply (NASDAQ:TSCO)

Mattern Capital Management LLC lowered its position in shares of Tractor Supply (NASDAQ:TSCO) by 1.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,515 shares of the specialty retailer’s stock after selling 582 shares during the period. Tractor Supply comprises about 1.5% of Mattern Capital Management LLC’s portfolio, making the stock its 12th biggest position. Mattern Capital Management LLC’s holdings in Tractor Supply were worth $10,669,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSCO. Signature Wealth Management Group lifted its holdings in shares of Tractor Supply by 0.5% during the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock worth $1,890,000 after purchasing an additional 38 shares during the period. Eads & Heald Wealth Management raised its position in Tractor Supply by 0.6% during the 2nd quarter. Eads & Heald Wealth Management now owns 7,040 shares of the specialty retailer’s stock worth $1,901,000 after purchasing an additional 42 shares during the last quarter. Whittier Trust Co. lifted its holdings in Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the period. Brookstone Capital Management grew its position in shares of Tractor Supply by 2.5% in the 2nd quarter. Brookstone Capital Management now owns 1,820 shares of the specialty retailer’s stock valued at $507,000 after buying an additional 44 shares during the last quarter. Finally, Lindbrook Capital LLC increased its stake in shares of Tractor Supply by 10.9% in the first quarter. Lindbrook Capital LLC now owns 459 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 45 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insider Activity

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TSCO has been the topic of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Tractor Supply in a research note on Friday, July 26th. Wells Fargo & Company boosted their price target on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Wedbush reaffirmed a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a research note on Friday, July 26th. Truist Financial lifted their target price on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Tractor Supply currently has an average rating of “Hold” and a consensus target price of $256.58.

Tractor Supply Trading Up 1.6 %

NASDAQ:TSCO opened at $272.68 on Thursday. 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 one year low of $185.00 and a one year high of $290.38. The company has a market cap of $29.41 billion, a PE ratio of 26.55, a PEG ratio of 3.36 and a beta of 0.80. The firm has a 50-day moving average of $265.24 and a 200-day moving average of $264.23.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting the consensus estimate of $3.93. The firm had revenue of $4.25 billion during 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%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.83 earnings per share. As a group, equities research analysts expect that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be paid a $1.10 dividend. The ex-dividend date is Monday, August 26th. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. Tractor Supply’s payout ratio is 42.84%.

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.