Metropolitan Life Insurance Co NY Sells 11,272 Shares of Tractor Supply (NASDAQ:TSCO)

Metropolitan Life Insurance Co NY trimmed its holdings in Tractor Supply (NASDAQ:TSCOGet Rating) by 62.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,785 shares of the specialty retailer’s stock after selling 11,272 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Tractor Supply were worth $1,583,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. New England Professional Planning Group Inc. bought a new stake in shares of Tractor Supply in the 1st quarter worth approximately $239,000. BDO Wealth Advisors LLC increased its stake in shares of Tractor Supply by 78.1% in the first quarter. BDO Wealth Advisors LLC now owns 114 shares of the specialty retailer’s stock worth $27,000 after buying an additional 50 shares during the period. Allworth Financial LP increased its stake in shares of Tractor Supply by 272.2% in the first quarter. Allworth Financial LP now owns 134 shares of the specialty retailer’s stock worth $31,000 after buying an additional 98 shares during the period. CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Tractor Supply in the fourth quarter worth $33,000. Finally, Financial Management Professionals Inc. increased its stake in shares of Tractor Supply by 278.4% in the first quarter. Financial Management Professionals Inc. now owns 140 shares of the specialty retailer’s stock worth $33,000 after buying an additional 103 shares during the period. 82.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Guggenheim decreased their target price on shares of Tractor Supply to $225.00 in a research note on Friday, July 22nd. Truist Financial lifted their target price on shares of Tractor Supply from $246.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, July 22nd. Gordon Haskett downgraded shares of Tractor Supply from a “buy” rating to an “accumulate” rating in a research note on Friday, May 6th. Wells Fargo & Company reduced their price objective on shares of Tractor Supply to $250.00 in a research report on Friday, July 22nd. Finally, MKM Partners assumed coverage on shares of Tractor Supply in a research report on Thursday, July 28th. They set a “buy” rating and a $230.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $240.79.

Tractor Supply Price Performance

TSCO opened at $187.60 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 1.44. The stock has a market capitalization of $20.82 billion, a P/E ratio of 20.71, a P/E/G ratio of 1.94 and a beta of 0.90. The company’s 50-day simple moving average is $196.42 and its two-hundred day simple moving average is $205.28. Tractor Supply has a 52-week low of $166.49 and a 52-week high of $241.54.

Tractor Supply (NASDAQ:TSCOGet Rating) last posted its earnings results on Thursday, July 21st. The specialty retailer reported $3.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.02. The business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Tractor Supply had a net margin of 7.76% and a return on equity of 53.29%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.19 EPS. As a group, analysts predict that Tractor Supply will post 9.58 EPS for the current year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 7th. Stockholders of record on Monday, August 22nd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, August 19th. Tractor Supply’s payout ratio is currently 40.62%.

Tractor Supply Profile

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Tractor Supply Company operates as a rural lifestyle retailer 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.

Further Reading

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

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