State of Alaska Department of Revenue Trims Position in Tractor Supply (NASDAQ:TSCO)

State of Alaska Department of Revenue lessened its stake in shares of Tractor Supply (NASDAQ:TSCOFree Report) by 12.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 37,574 shares of the specialty retailer’s stock after selling 5,305 shares during the quarter. State of Alaska Department of Revenue’s holdings in Tractor Supply were worth $8,079,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in Tractor Supply by 4.6% during the 3rd quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock valued at $23,122,000 after buying an additional 5,014 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in shares of Tractor Supply during the second quarter worth about $29,000. Simon Quick Advisors LLC grew its holdings in shares of Tractor Supply by 21.1% during the third quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock worth $315,000 after purchasing an additional 270 shares in the last quarter. State Street Corp grew its holdings in shares of Tractor Supply by 2.4% during the second quarter. State Street Corp now owns 4,568,376 shares of the specialty retailer’s stock worth $1,010,068,000 after purchasing an additional 108,622 shares in the last quarter. Finally, Natixis Advisors L.P. grew its holdings in shares of Tractor Supply by 8.7% during the third quarter. Natixis Advisors L.P. now owns 55,947 shares of the specialty retailer’s stock worth $11,360,000 after purchasing an additional 4,469 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on TSCO shares. UBS Group boosted their price objective on Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Truist Financial boosted their price objective on Tractor Supply from $230.00 to $256.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Raymond James downgraded Tractor Supply from a “strong-buy” rating to an “outperform” rating and boosted their target price for the stock from $230.00 to $250.00 in a research report on Friday, February 2nd. Morgan Stanley restated an “underweight” rating and issued a $195.00 target price on shares of Tractor Supply in a research report on Tuesday, January 16th. Finally, Telsey Advisory Group boosted their target price on Tractor Supply from $245.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Tractor Supply currently has an average rating of “Hold” and a consensus target price of $238.91.

Read Our Latest Stock Report on TSCO

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $261.72 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $268.02. The stock has a 50-day moving average price of $243.79 and a 200 day moving average price of $220.22. The stock has a market capitalization of $28.25 billion, a P/E ratio of 25.94, a P/E/G ratio of 3.93 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCOGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.06. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the company posted $2.43 EPS. The company’s revenue was down 8.6% compared to the same quarter last year. Equities research analysts forecast that Tractor Supply will post 10.19 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a $1.10 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.68%. Tractor Supply’s payout ratio is presently 43.61%.

Insiders Place Their Bets

In other Tractor Supply news, EVP Robert D. Mills sold 48,334 shares of Tractor Supply stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the sale, the executive vice president now owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the transaction, the chief financial officer now owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robert D. Mills sold 48,334 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the transaction, the executive vice president now directly owns 22,167 shares in the company, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock valued at $21,201,877 in the last quarter. 0.24% of the stock is currently owned by insiders.

Tractor Supply Company Profile

(Free Report)

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.

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

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