Hixon Zuercher LLC Reduces Position in Tractor Supply (NASDAQ:TSCO)

Hixon Zuercher LLC decreased its position in shares of Tractor Supply (NASDAQ:TSCO) by 9.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,119 shares of the specialty retailer’s stock after selling 540 shares during the quarter. Hixon Zuercher LLC’s holdings in Tractor Supply were worth $1,382,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new position in shares of Tractor Supply during the 1st quarter valued at $26,000. LRI Investments LLC purchased a new position in shares of Tractor Supply during the 1st quarter valued at $28,000. Rise Advisors LLC lifted its stake in shares of Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 66 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Finally, J.Safra Asset Management Corp lifted its stake in shares of Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Tractor Supply stock opened at $267.55 on Friday. The stock has a market cap of $28.86 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 3.36 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 firm has a 50-day moving average of $265.25 and a two-hundred day moving average of $263.54.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the prior year, the company earned $3.83 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. On average, research analysts forecast that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be given a $1.10 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $4.40 annualized dividend and a dividend yield of 1.64%. Tractor Supply’s payout ratio is presently 42.84%.

Insider Activity at Tractor Supply

In related news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred 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 completion of the sale, 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 available at this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TSCO shares. Evercore ISI lowered their target price on shares of Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock 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 note on Monday, July 22nd. Benchmark reiterated a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a research note on Thursday, July 25th. Finally, Wedbush reiterated a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Tractor Supply has an average rating of “Hold” and a consensus price target of $256.58.

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.