Tradition Capital Management LLC reduced its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,673 shares of the specialty retailer’s stock after selling 1,110 shares during the period. Tradition Capital Management LLC’s holdings in Tractor Supply were worth $1,963,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alps Advisors Inc. bought a new position in Tractor Supply during the second quarter valued at approximately $570,000. NN Investment Partners Holdings N.V. grew its position in Tractor Supply by 12.3% during the second quarter. NN Investment Partners Holdings N.V. now owns 47,533 shares of the specialty retailer’s stock valued at $3,635,000 after acquiring an additional 5,214 shares during the last quarter. Unigestion Holding SA purchased a new stake in shares of Tractor Supply during the second quarter valued at approximately $1,635,000. Suntrust Banks Inc. boosted its stake in shares of Tractor Supply by 25.1% during the first quarter. Suntrust Banks Inc. now owns 4,739 shares of the specialty retailer’s stock valued at $297,000 after purchasing an additional 952 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of Tractor Supply by 14.1% during the second quarter. Bank of Montreal Can now owns 424,525 shares of the specialty retailer’s stock valued at $32,471,000 after purchasing an additional 52,450 shares during the period. Institutional investors and hedge funds own 79.10% of the company’s stock.

Shares of TSCO stock opened at $80.51 on Friday. Tractor Supply has a 52 week low of $53.92 and a 52 week high of $82.68. The firm has a market capitalization of $9.79 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a quick ratio of 0.19, a current ratio of 1.92 and a debt-to-equity ratio of 0.39.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, July 26th. The specialty retailer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. Tractor Supply had a return on equity of 35.24% and a net margin of 6.34%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the firm posted $1.25 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. sell-side analysts anticipate that Tractor Supply will post 4.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 11th. Investors of record on Monday, August 27th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Friday, August 24th. Tractor Supply’s payout ratio is 37.24%.

A number of analysts have recently weighed in on the company. Oppenheimer increased their price objective on Tractor Supply from $80.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday. ValuEngine raised Tractor Supply from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research raised Tractor Supply from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Friday, August 3rd. Stephens set a $93.00 price objective on Tractor Supply and gave the company a “buy” rating in a research note on Friday, July 27th. Finally, Credit Suisse Group increased their price objective on Tractor Supply from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $79.62.

In related news, CMO Steve K. Barbarick sold 20,000 shares of the firm’s stock in a transaction on Friday, July 20th. The stock was sold at an average price of $79.99, for a total value of $1,599,800.00. Following the completion of the sale, the chief marketing officer now owns 76,953 shares of the company’s stock, valued at $6,155,470.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Benjamin F. Parrish, Jr. sold 5,000 shares of the firm’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $78.44, for a total value of $392,200.00. Following the completion of the sale, the executive vice president now directly owns 21,948 shares of the company’s stock, valued at approximately $1,721,601.12. The disclosure for this sale can be found here. Insiders sold 36,146 shares of company stock valued at $2,890,607 in the last ninety days. 1.60% of the stock is currently owned by insiders.

Tractor Supply Profile

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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