Tractor Supply (NASDAQ:TSCO) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,202 shares of the specialty retailer’s stock after selling 797 shares during the period. Mutual of America Capital Management LLC’s holdings in Tractor Supply were worth $4,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Tractor Supply by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 12,833,541 shares of the specialty retailer’s stock valued at $2,994,964,000 after purchasing an additional 46,672 shares during the last quarter. State Street Corp lifted its holdings in shares of Tractor Supply by 0.8% during the first quarter. State Street Corp now owns 4,459,754 shares of the specialty retailer’s stock worth $1,048,209,000 after purchasing an additional 34,281 shares during the period. Wellington Management Group LLP grew its position in Tractor Supply by 9,370.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock valued at $573,038,000 after buying an additional 2,792,352 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Tractor Supply by 2.9% in the 1st quarter. JPMorgan Chase & Co. now owns 2,820,992 shares of the specialty retailer’s stock valued at $663,049,000 after buying an additional 79,240 shares during the period. Finally, Geode Capital Management LLC raised its position in Tractor Supply by 5.9% during the 1st quarter. Geode Capital Management LLC now owns 2,496,347 shares of the specialty retailer’s stock worth $585,604,000 after buying an additional 138,258 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Up 1.2 %

Shares of TSCO stock opened at $244.84 on Wednesday. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $268.02. The company has a market capitalization of $26.43 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 3.64 and a beta of 0.84. The firm has a 50-day moving average price of $248.95 and a 200 day moving average price of $223.95. 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:TSCO) last announced its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (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 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 prior year, the firm posted $2.43 earnings per share. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. Research analysts forecast that Tractor Supply will post 10.19 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.80%. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s payout ratio is currently 43.61%.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the sale, the chief financial officer now owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were 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 $5,314,246. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kurt D. Barton sold 401 shares of the business’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 directly owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,090 shares of company stock worth $21,201,877. 0.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TSCO shares. Evercore ISI lowered their target price on shares of Tractor Supply from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Tuesday. Raymond James cut 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. Telsey Advisory Group raised their price target on Tractor Supply from $245.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. UBS Group upped 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. Finally, The Goldman Sachs Group raised their target price on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Tractor Supply currently has an average rating of “Hold” and an average price target of $239.61.

About Tractor Supply

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.