Tractor Supply (NASDAQ:TSCO) Position Lessened by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB decreased its stake in Tractor Supply (NASDAQ:TSCO) by 9.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,170 shares of the specialty retailer’s stock after selling 430 shares during the period. E. Ohman J or Asset Management AB’s holdings in Tractor Supply were worth $1,213,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TSCO. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply in the 1st quarter worth approximately $26,000. LRI Investments LLC acquired a new stake in Tractor Supply in the 1st quarter valued at approximately $28,000. J.Safra Asset Management Corp increased its position 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 period. Whittier Trust Co. increased its position in Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in Tractor Supply in the 2nd quarter valued at approximately $33,000. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Telsey Advisory Group restated an “outperform” rating and issued a $335.00 target price on shares of Tractor Supply in a research report on Thursday. Piper Sandler raised their target price on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Barclays raised their target price on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Melius Research initiated coverage on Tractor Supply in a research report on Monday, September 23rd. They set a “buy” rating and a $315.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $277.70.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the business’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 owns 5,170 shares in the company, valued at $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other 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 transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO opened at $272.77 on Friday. The business’s 50-day moving average price is $282.24 and its two-hundred day moving average price is $273.05. 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 one year low of $185.00 and a one year high of $307.64. The company has a market capitalization of $29.41 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 3.66 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.49 billion. 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 announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were paid a $1.10 dividend. The ex-dividend date was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. Tractor Supply’s dividend payout ratio (DPR) is currently 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.