Cullen Frost Bankers Inc. Purchases 2,752 Shares of Tractor Supply Company $TSCO

Cullen Frost Bankers Inc. lifted its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 2.9% during the second quarter, Holdings Channel.com reports. The firm owned 98,340 shares of the specialty retailer’s stock after buying an additional 2,752 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Tractor Supply were worth $5,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Advantage Trust Co bought a new position in shares of Tractor Supply during the second quarter worth approximately $59,000. Whittier Trust Co. increased its stake in shares of Tractor Supply by 79.8% during the second quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 399 shares during the period. Pittenger & Anderson Inc. increased its stake in shares of Tractor Supply by 1.8% during the second quarter. Pittenger & Anderson Inc. now owns 179,687 shares of the specialty retailer’s stock worth $9,482,000 after purchasing an additional 3,153 shares during the period. Stephens Inc. AR increased its stake in shares of Tractor Supply by 0.7% during the second quarter. Stephens Inc. AR now owns 180,897 shares of the specialty retailer’s stock worth $9,546,000 after purchasing an additional 1,235 shares during the period. Finally, Swmg LLC increased its stake in Tractor Supply by 10.6% during the 2nd quarter. Swmg LLC now owns 9,493 shares of the specialty retailer’s stock worth $552,000 after acquiring an additional 910 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, EVP Colin Yankee sold 6,680 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the completion of the transaction, the executive vice president owned 40,142 shares of the company’s stock, valued at $2,344,292.80. This represents a 14.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is currently owned by company insiders.

Tractor Supply Trading Up 0.1%

Shares of TSCO opened at $54.83 on Thursday. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. The business’s fifty day moving average is $58.36 and its 200-day moving average is $54.96. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28. The firm has a market cap of $29.06 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 2.81 and a beta of 0.73.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%.The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same quarter last year, the company posted $3.93 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were paid a $0.23 dividend. The ex-dividend date was Monday, August 25th. This represents a $0.92 annualized dividend and a dividend yield of 1.7%. Tractor Supply’s dividend payout ratio (DPR) is presently 45.10%.

Analyst Upgrades and Downgrades

TSCO has been the topic of a number of recent research reports. Loop Capital raised their price objective on Tractor Supply from $48.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their price objective on Tractor Supply from $56.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. The Goldman Sachs Group restated a “buy” rating on shares of Tractor Supply in a research note on Friday, July 25th. Wall Street Zen upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Raymond James Financial restated an “outperform” rating and set a $65.00 price objective (up previously from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and an average price target of $62.45.

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.