Brown Brothers Harriman & Co. Sells 9,270 Shares of Tractor Supply (NASDAQ:TSCO)

Brown Brothers Harriman & Co. decreased its position in Tractor Supply (NASDAQ:TSCO) by 16.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,635 shares of the specialty retailer’s stock after selling 9,270 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Tractor Supply were worth $12,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Signature Wealth Management Group boosted its holdings in shares of Tractor Supply by 0.5% in the 2nd 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. X Square Capital LLC boosted its holdings in shares of Tractor Supply by 1.6% in the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock worth $696,000 after purchasing an additional 41 shares during the period. Eads & Heald Wealth Management boosted its holdings in shares of Tractor Supply by 0.6% in 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 period. Whittier Trust Co. boosted its holdings in shares of Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares during the period. Finally, Brookstone Capital Management boosted its holdings 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 worth $507,000 after purchasing an additional 44 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction dated Monday, August 12th. The stock was 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 in the company, valued at $1,356,349.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective 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 restated an “outperform” rating and set a $305.00 price objective on shares of Tractor Supply in a report on Thursday, July 25th. Truist Financial boosted their price objective on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a report on Friday, July 26th. Wedbush restated a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a report on Friday, July 26th. Finally, Loop Capital boosted their price objective on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $256.72.

Tractor Supply Trading Up 1.2 %

Shares of NASDAQ TSCO opened at $282.96 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. The stock has a market capitalization of $30.51 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 3.51 and a beta of 0.80. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The business has a fifty day moving average price of $266.57 and a 200 day moving average price of $266.00.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the prior year, the business posted $3.83 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Equities research analysts expect that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was 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.