Atria Wealth Solutions Inc. Sells 50 Shares of Tractor Supply (NASDAQ:TSCO)

Atria Wealth Solutions Inc. trimmed its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,579 shares of the specialty retailer’s stock after selling 50 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Tractor Supply were worth $1,845,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. OFI Invest Asset Management bought a new stake in Tractor Supply during the 3rd quarter valued at about $25,000. Pinnacle Bancorp Inc. purchased a new position in shares of Tractor Supply during the fourth quarter worth approximately $28,000. VisionPoint Advisory Group LLC raised its stake in shares of Tractor Supply by 105.6% during 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 in the third quarter valued at approximately $33,000. Finally, Cetera Trust Company N.A bought a new position in Tractor Supply in the fourth quarter worth approximately $38,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $277.88 on Tuesday. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $278.16. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The stock has a market cap of $29.99 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 3.47 and a beta of 0.84. The business has a 50-day simple moving average of $253.27 and a 200-day simple moving average of $227.47.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. Tractor Supply’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. On average, equities analysts expect that Tractor Supply will post 10.26 EPS for the current year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s payout ratio is currently 42.84%.

Insider Buying and Selling

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 value of $1,114,095.00. Following the completion of the sale, the chief financial officer now directly owns 20,678 shares in the company, valued at $5,314,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew L. Rubin sold 725 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $238.09, for a total transaction of $172,615.25. Following the transaction, the senior vice president now owns 5,710 shares of the company’s stock, valued at $1,359,493.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,090 shares of company stock valued at $21,201,877. 0.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TSCO shares. Morgan Stanley lifted their target price on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research report on Friday. Stephens downgraded Tractor Supply from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $226.00 to $240.00 in a report on Tuesday, January 23rd. UBS Group increased their target price on shares of Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Mizuho reissued a “neutral” rating and set a $250.00 target price (up previously from $245.00) on shares of Tractor Supply in a research report on Friday. Finally, Evercore ISI upped their price target on shares of Tractor Supply from $275.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply has an average rating of “Hold” and an average price target of $250.00.

Tractor Supply 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.