APG Asset Management N.V. Grows Stock Holdings in Tractor Supply (NASDAQ:TSCO)

APG Asset Management N.V. lifted its holdings in Tractor Supply (NASDAQ:TSCO) by 439.7% during the second quarter, Holdings Channel reports. The fund owned 22,216 shares of the specialty retailer’s stock after buying an additional 18,100 shares during the quarter. APG Asset Management N.V.’s holdings in Tractor Supply were worth $5,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSCO. AQR Capital Management LLC raised its stake in shares of Tractor Supply by 8.0% during the 2nd quarter. AQR Capital Management LLC now owns 21,312 shares of the specialty retailer’s stock valued at $5,754,000 after buying an additional 1,572 shares during the last quarter. AXA S.A. lifted its holdings in Tractor Supply by 3.1% in the second quarter. AXA S.A. now owns 73,417 shares of the specialty retailer’s stock valued at $19,823,000 after acquiring an additional 2,206 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Tractor Supply by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,668 shares of the specialty retailer’s stock worth $5,580,000 after purchasing an additional 7,767 shares in the last quarter. Marshall Wace LLP grew 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 worth $96,451,000 after purchasing an additional 345,402 shares during the period. Finally, Resources Management Corp CT ADV increased its holdings in shares of Tractor Supply by 0.9% during the 2nd quarter. Resources Management Corp CT ADV now owns 14,914 shares of the specialty retailer’s stock valued at $4,027,000 after purchasing an additional 132 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is owned by company insiders.

Tractor Supply Trading Up 0.3 %

TSCO opened at $286.14 on Monday. The firm has a market capitalization of $30.85 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 3.49 and a beta of 0.80. The company’s 50 day simple moving average is $268.74 and its two-hundred day simple moving average is $267.97. 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.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting analysts’ consensus estimates of $3.93. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.83 earnings per share. Analysts expect that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

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

Analyst Ratings Changes

TSCO has been the topic of several analyst reports. Wedbush restated a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research report on Friday, July 26th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 target price on shares of Tractor Supply in a research report on Thursday, July 25th. Truist Financial lifted their price target on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Loop Capital increased their price target on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, Melius Research began coverage on Tractor Supply in a research report on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective for the company. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $260.83.

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.