NBT Bank N A NY Sells 500 Shares of Tractor Supply (NASDAQ:TSCO)

NBT Bank N A NY lowered its holdings in Tractor Supply (NASDAQ:TSCO) by 30.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,165 shares of the specialty retailer’s stock after selling 500 shares during the quarter. NBT Bank N A NY’s holdings in Tractor Supply were worth $315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in shares of Tractor Supply in the first quarter valued at approximately $26,000. LRI Investments LLC purchased a new stake in Tractor Supply in the 1st quarter valued at $28,000. Rise Advisors LLC lifted its stake in 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 acquiring an additional 66 shares in the last quarter. Whittier Trust Co. boosted 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 acquiring an additional 42 shares during the last quarter. Finally, J.Safra Asset Management Corp grew its stake in shares of Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 98 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Down 2.3 %

Shares of NASDAQ TSCO opened at $267.55 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The company has a market cap of $28.84 billion, a P/E ratio of 26.05, a P/E/G ratio of 3.36 and a beta of 0.81. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38. The business has a 50-day simple moving average of $265.25 and a two-hundred day simple 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 (EPS) for the quarter, hitting analysts’ consensus estimates of $3.93. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.83 earnings per share. Research analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company 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 dividend of $1.10 per share. The ex-dividend date is Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.64%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.84%.

Insider Transactions at Tractor Supply

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 stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. 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 report on Friday, July 26th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a report on Thursday, July 25th. Evercore ISI dropped their price target on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, Wedbush restated a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $256.58.

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.