Mount Yale Investment Advisors LLC Has $824,000 Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Mount Yale Investment Advisors LLC lessened its position in Tractor Supply (NASDAQ:TSCO) by 8.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,148 shares of the specialty retailer’s stock after selling 300 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Tractor Supply were worth $824,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Tractor Supply by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after buying an additional 368,859 shares during the last quarter. LRI Investments LLC bought a new stake in Tractor Supply during the 1st quarter worth about $28,000. Truvestments Capital LLC raised its holdings in Tractor Supply by 319.1% during the 1st quarter. Truvestments Capital LLC now owns 2,435 shares of the specialty retailer’s stock worth $637,000 after purchasing an additional 1,854 shares during the last quarter. Capital International Sarl raised its holdings in Tractor Supply by 41.4% during the 1st quarter. Capital International Sarl now owns 11,169 shares of the specialty retailer’s stock worth $2,923,000 after purchasing an additional 3,270 shares during the last quarter. Finally, Capital Group Private Client Services Inc. raised its holdings in Tractor Supply by 28.6% during the 1st quarter. Capital Group Private Client Services Inc. now owns 220,529 shares of the specialty retailer’s stock worth $57,717,000 after purchasing an additional 49,059 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Tractor Supply Stock Down 0.4 %

Shares of Tractor Supply stock traded down $0.98 on Tuesday, reaching $264.10. 22,772 shares of the company were exchanged, compared to its average volume of 1,144,134. Tractor Supply has a one year low of $185.00 and a one year high of $290.38. The company has a market capitalization of $28.47 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 3.43 and a beta of 0.81. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average of $273.11 and a 200 day moving average of $258.06.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the prior year, the business earned $3.83 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that Tractor Supply will post 10.29 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TSCO shares. Barclays boosted their price objective on Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Benchmark restated a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a research report on Friday. Wells Fargo & Company boosted their target price on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Truist Financial boosted their target price on Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Raymond James boosted their target price on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Two investment 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 an average target price 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.