Sumitomo Mitsui Trust Holdings Inc. Lowers Position in Tractor Supply (NASDAQ:TSCO)

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 285,811 shares of the specialty retailer’s stock after selling 23,391 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Tractor Supply were worth $61,458,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Pacific Center for Financial Services purchased a new position in Tractor Supply in the 1st quarter worth approximately $26,000. Compass Wealth Management LLC bought a new stake in shares of Tractor Supply during the 4th quarter worth $25,000. OFI Invest Asset Management purchased a new position in Tractor Supply in the third quarter worth $25,000. Pinnacle Bancorp Inc. bought a new position in Tractor Supply in the fourth quarter valued at $28,000. Finally, VisionPoint Advisory Group LLC increased its stake in Tractor Supply by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 76 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Activity at Tractor Supply

In other Tractor Supply news, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 22,167 shares in the company, valued at $5,147,842.41. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Kurt D. Barton sold 401 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the sale, the chief financial officer now directly owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Robert D. Mills sold 48,334 shares of the firm’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 of the company’s stock, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Insiders have sold 90,090 shares of company stock worth $21,201,877 over the last ninety days. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TSCO shares. Barclays lifted their price target on Tractor Supply from $192.00 to $234.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Morgan Stanley reaffirmed an “underweight” rating and issued a $195.00 target price on shares of Tractor Supply in a research note on Tuesday, January 16th. The Goldman Sachs Group lifted their price target on shares of Tractor Supply from $230.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Telsey Advisory Group upped their price objective on shares of Tractor Supply from $245.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Truist Financial increased their target price on shares of Tractor Supply from $256.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $240.57.

Tractor Supply Stock Down 0.0 %

Shares of Tractor Supply stock opened at $247.35 on Friday. The company’s fifty day simple moving average is $249.54 and its two-hundred day simple moving average is $224.28. 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. The company has a market cap of $26.70 billion, a P/E ratio of 24.51, a PEG ratio of 3.72 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results 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 company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the previous year, the company earned $2.43 earnings per share. Tractor Supply’s quarterly revenue was down 8.6% on a year-over-year basis. Research analysts anticipate that Tractor Supply will post 10.19 EPS for the current year.

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s dividend payout ratio (DPR) is presently 43.61%.

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.