Cambridge Investment Research Advisors Inc. Decreases Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Cambridge Investment Research Advisors Inc. trimmed its position in shares of Tractor Supply (NASDAQ:TSCOFree Report) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,376 shares of the specialty retailer’s stock after selling 5,069 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Tractor Supply were worth $11,262,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Private Wealth Management Group LLC purchased a new position in shares of Tractor Supply during the fourth quarter valued at about $27,000. Pinnacle Bancorp Inc. purchased a new position in shares of Tractor Supply during the 4th quarter worth approximately $28,000. VisionPoint Advisory Group LLC raised its position in shares of Tractor Supply by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 76 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Tractor Supply in the 3rd quarter valued at approximately $33,000. Finally, Cetera Trust Company N.A purchased a new position in shares of Tractor Supply in the 4th quarter valued at approximately $38,000. 98.72% of the stock is owned by institutional investors.

Insider Activity at Tractor Supply

In other news, CFO Kurt D. Barton sold 4,335 shares of the firm’s 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In other Tractor Supply news, EVP Colin Yankee sold 8,675 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the transaction, the executive vice president now directly owns 9,673 shares in the company, valued at $2,418,250. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 20,678 shares in the company, valued at $5,314,246. The disclosure for this sale can be found here. 0.58% of the stock is owned by company insiders.

Tractor Supply Stock Down 0.4 %

Shares of Tractor Supply stock opened at $282.00 on Monday. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $287.89. 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 company’s 50 day moving average is $263.43 and its 200 day moving average is $237.85. The company has a market cap of $30.40 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 3.67 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCOGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating the consensus estimate 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 during 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. Research analysts anticipate that Tractor Supply will post 10.33 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. Tractor Supply’s dividend payout ratio is currently 42.84%.

Analyst Ratings Changes

A number of equities analysts have issued reports on TSCO shares. Raymond James increased their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Truist Financial lifted their price target on shares of Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a research report on Friday, April 26th. UBS Group boosted their price objective on shares of Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Morgan Stanley lifted their target price on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a report on Friday, April 26th. Finally, Barclays boosted their price target on Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. 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 company’s stock. According to data from MarketBeat, Tractor Supply currently has an average rating of “Hold” and an average target price of $253.96.

Get Our Latest Research Report on Tractor Supply

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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