Toronto Dominion Bank Sells 1,470 Shares of Tractor Supply (NASDAQ:TSCO)

Toronto Dominion Bank lessened its stake in Tractor Supply (NASDAQ:TSCO) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,322 shares of the specialty retailer’s stock after selling 1,470 shares during the quarter. Toronto Dominion Bank’s holdings in Tractor Supply were worth $8,727,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TSCO. Wellington Management Group LLP boosted its holdings in Tractor Supply by 63.2% in the 4th quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock worth $990,526,000 after buying an additional 1,784,304 shares during the period. Capital World Investors boosted its holdings in shares of Tractor Supply by 10.0% in the fourth quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after acquiring an additional 531,170 shares during the period. Capital International Investors grew its position in shares of Tractor Supply by 7.6% in the fourth quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock valued at $1,340,589,000 after purchasing an additional 439,954 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Tractor Supply by 12.5% during the 1st 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 purchasing an additional 368,859 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Tractor Supply by 2,921.4% during the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after purchasing an additional 345,402 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $286.14 on Friday. The firm has a market cap of $30.87 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 3.49 and a beta of 0.80. The company has a 50-day simple moving average of $268.74 and a two-hundred day simple moving average of $267.87. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $4.28 billion. During the same period last year, the company earned $3.83 EPS. Tractor Supply’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts forecast that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.54%. Tractor Supply’s payout ratio is currently 42.84%.

Analyst Ratings Changes

A number of research analysts have weighed in on TSCO shares. Wells Fargo & Company lifted 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. Evercore ISI decreased their target price on shares of Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Benchmark reissued a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price target on shares of Tractor Supply in a research report on Thursday, July 25th. Finally, Wedbush reiterated a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Tractor Supply has an average rating of “Hold” and an average target price of $259.92.

Insiders Place Their Bets

In other news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction dated Monday, August 12th. The shares were 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 directly owns 5,170 shares in the company, valued at $1,356,349.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

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.