Yousif Capital Management LLC Cuts Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Yousif Capital Management LLC decreased its position in Tractor Supply (NASDAQ:TSCO) by 26.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,345 shares of the specialty retailer’s stock after selling 5,114 shares during the quarter. Yousif Capital Management LLC’s holdings in Tractor Supply were worth $3,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TSCO. OFI Invest Asset Management bought a new stake in Tractor Supply in the 3rd quarter worth about $25,000. Pinnacle Bancorp Inc. purchased a new position in shares of Tractor Supply in the 4th quarter worth approximately $28,000. VisionPoint Advisory Group LLC grew its holdings in shares of 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 in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Tractor Supply during the third quarter valued at approximately $33,000. Finally, Cetera Trust Company N.A bought a new stake in Tractor Supply during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Harry A. Lawton III sold 20,500 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the sale, the chief executive officer now directly owns 95,192 shares in the company, valued at approximately $22,173,072.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Harry A. Lawton III sold 20,500 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the transaction, the chief executive officer now directly owns 95,192 shares of the company’s stock, valued at $22,173,072.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan S. Estep sold 7,120 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.26, for a total value of $1,653,691.20. Following the completion of the sale, the executive vice president now directly owns 13,605 shares of the company’s stock, valued at approximately $3,159,897.30. 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 over the last quarter. 0.58% of the stock is owned by corporate insiders.

Tractor Supply Stock Up 3.3 %

Shares of NASDAQ TSCO opened at $273.90 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The business has a 50-day moving average of $252.44 and a 200-day moving average of $226.90. The firm has a market capitalization of $29.56 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 3.47 and a beta of 0.84. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $274.66.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Sell-side analysts expect that Tractor Supply will post 10.26 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a $1.10 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. Tractor Supply’s payout ratio is presently 42.84%.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday. TD Cowen raised their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday. UBS Group boosted their target price on shares of Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Benchmark reaffirmed a “buy” rating and issued a $256.00 price target on shares of Tractor Supply in a report on Monday, April 22nd. Finally, Truist Financial upped their price objective on Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $248.17.

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.