Tractor Supply (NASDAQ:TSCO) Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC lowered its stake in shares of Tractor Supply (NASDAQ:TSCO) by 4.6% in the second quarter, HoldingsChannel reports. The firm owned 2,410 shares of the specialty retailer’s stock after selling 117 shares during the quarter. V Square Quantitative Management LLC’s holdings in Tractor Supply were worth $651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in TSCO. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply in the 1st quarter valued at approximately $26,000. Private Wealth Management Group LLC bought a new stake in shares of Tractor Supply during the 4th quarter worth about $27,000. Rise Advisors LLC lifted its position in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 66 shares during the period. LRI Investments LLC acquired a new stake in shares of Tractor Supply in the first quarter valued at $28,000. Finally, J.Safra Asset Management Corp lifted its holdings in Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 98 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Trading Up 0.9 %

Shares of TSCO stock traded up $2.38 during trading hours on Wednesday, reaching $262.72. The company had a trading volume of 257,600 shares, compared to its average volume of 1,122,948. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. 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 firm has a market cap of $28.32 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 3.27 and a beta of 0.81. The company has a 50 day moving average of $268.39 and a 200 day moving average of $260.49.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS 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 during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the company posted $3.83 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.67%. The ex-dividend date is Monday, August 26th. Tractor Supply’s payout ratio is 42.84%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Robert W. Baird boosted their price objective on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Benchmark reissued a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a research report on Friday, July 26th. Raymond James raised their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Wells Fargo & Company upped their target price on Tractor Supply from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $305.00 price target on shares of Tractor Supply in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Tractor Supply presently has an average rating of “Hold” and a consensus target price 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.