Quent Capital LLC Sells 143 Shares of Tractor Supply (NASDAQ:TSCO)

Quent Capital LLC lessened its position in shares of Tractor Supply (NASDAQ:TSCOFree Report) by 34.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 278 shares of the specialty retailer’s stock after selling 143 shares during the period. Quent Capital LLC’s holdings in Tractor Supply were worth $60,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of Tractor Supply in the fourth quarter valued at approximately $28,224,000. LifeSteps Financial Inc. bought a new stake in shares of Tractor Supply in the fourth quarter valued at approximately $206,000. Precedent Wealth Partners LLC bought a new stake in shares of Tractor Supply in the fourth quarter valued at approximately $218,000. Caprock Group LLC boosted its stake in shares of Tractor Supply by 247.4% in the fourth quarter. Caprock Group LLC now owns 10,987 shares of the specialty retailer’s stock valued at $2,363,000 after buying an additional 7,824 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Tractor Supply by 112.0% in the fourth quarter. Blue Trust Inc. now owns 390 shares of the specialty retailer’s stock valued at $79,000 after buying an additional 206 shares during the period. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TSCO shares. Stephens cut Tractor Supply from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $226.00 to $240.00 in a research note on Tuesday, January 23rd. Wells Fargo & Company boosted their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Evercore ISI boosted their price objective on shares of Tractor Supply from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Morgan Stanley restated an “underweight” rating and set a $195.00 price objective on shares of Tractor Supply in a research report on Tuesday, January 16th. Finally, Guggenheim boosted their price objective on shares of Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $238.91.

Get Our Latest Report on Tractor Supply

Insider Buying and Selling at Tractor Supply

In other news, EVP Jonathan S. Estep sold 7,120 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the sale, the executive vice president now owns 13,605 shares in the company, valued at approximately $3,159,897.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Jonathan S. Estep sold 7,120 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the sale, the executive vice president now owns 13,605 shares in the company, valued at approximately $3,159,897.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kurt D. Barton sold 401 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the sale, the chief financial officer now owns 25,013 shares in the company, valued at approximately $5,804,516.78. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock valued at $21,201,877 in the last three months. Company insiders own 0.24% of the company’s stock.

Tractor Supply Stock Up 0.5 %

TSCO opened at $261.72 on Monday. The company has a 50 day moving average of $243.79 and a 200 day moving average of $220.25. The company has a market cap of $28.25 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 3.93 and a beta of 0.84. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $268.02. 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 (NASDAQ:TSCOGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, beating the consensus estimate of $2.22 by $0.06. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period last year, the firm earned $2.43 EPS. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Tractor Supply will post 10.19 EPS for the current year.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.68%. 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. Tractor Supply’s dividend payout ratio (DPR) is presently 43.61%.

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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