Atria Wealth Solutions Inc. Sells 15,282 Shares of Tractor Supply Company (NASDAQ:TSCO)

Atria Wealth Solutions Inc. lessened its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 39.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,095 shares of the specialty retailer's stock after selling 15,282 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Tractor Supply were worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Coppell Advisory Solutions LLC raised its position in shares of Tractor Supply by 944.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 425 shares during the period. GW&K Investment Management LLC raised its position in shares of Tractor Supply by 89.3% during the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 226 shares during the period. Dunhill Financial LLC raised its position in shares of Tractor Supply by 325.8% during the 4th quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 391 shares during the period. Pacific Center for Financial Services raised its position in shares of Tractor Supply by 400.0% during the 4th quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 440 shares during the period. Finally, LRI Investments LLC raised its position in shares of Tractor Supply by 400.0% during the 4th quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock valued at $33,000 after purchasing an additional 492 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on TSCO shares. Mizuho reduced their price target on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. lifted their price target on shares of Tractor Supply from $56.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Wall Street Zen upgraded Tractor Supply from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Telsey Advisory Group set a $70.00 price objective on Tractor Supply in a report on Friday, July 25th. Finally, Truist Financial raised their target price on shares of Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a report on Friday, July 25th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.80.

Tractor Supply Trading Up 0.7%

Shares of TSCO stock traded up $0.43 during trading hours on Wednesday, reaching $59.73. 5,140,697 shares of the stock were exchanged, compared to its average volume of 5,622,863. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The company has a current ratio of 1.28, a quick ratio of 0.16 and a debt-to-equity ratio of 0.68. The company's 50-day moving average price is $55.46 and its 200-day moving average price is $53.71. The firm has a market capitalization of $31.65 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 3.06 and a beta of 0.75.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The firm had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.40 billion. During the same period in the previous year, the company earned $3.93 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 25th. Tractor Supply's payout ratio is 45.10%.

Insider Buying and Selling

In other Tractor Supply news, Director Denise L. Jackson sold 1,165 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $58.50, for a total value of $68,152.50. Following the completion of the sale, the director directly owned 31,123 shares of the company's stock, valued at $1,820,695.50. The trade was a 3.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kurt D. Barton sold 90,000 shares of the business's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $63.96, for a total transaction of $5,756,400.00. Following the completion of the sale, the chief financial officer directly owned 47,715 shares of the company's stock, valued at approximately $3,051,851.40. This trade represents a 65.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 204,680 shares of company stock worth $12,071,552 over the last 90 days. Corporate insiders own 0.65% 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.