Dorsey & Whitney Trust CO LLC Sells 161 Shares of Tractor Supply (NASDAQ:TSCO)

Dorsey & Whitney Trust CO LLC decreased its position in Tractor Supply (NASDAQ:TSCOFree Report) by 12.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,166 shares of the specialty retailer’s stock after selling 161 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Tractor Supply were worth $251,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Pingora Partners LLC bought a new stake in Tractor Supply during the 4th quarter worth about $43,000. Evoke Wealth LLC bought a new stake in Tractor Supply during the 4th quarter worth about $2,707,000. Lcnb Corp bought a new stake in Tractor Supply during the 4th quarter worth about $202,000. Isthmus Partners LLC lifted its position in Tractor Supply by 4.1% during the 4th quarter. Isthmus Partners LLC now owns 43,252 shares of the specialty retailer’s stock valued at $9,300,000 after purchasing an additional 1,703 shares during the period. Finally, Roundview Capital LLC lifted its position in Tractor Supply by 5.4% during the 4th quarter. Roundview Capital LLC now owns 11,567 shares of the specialty retailer’s stock valued at $2,487,000 after purchasing an additional 589 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 1.6 %

TSCO stock opened at $285.29 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $287.89. The stock has a market capitalization of $30.76 billion, a P/E ratio of 27.78, a P/E/G ratio of 3.71 and a beta of 0.83. The business has a fifty day moving average price of $265.68 and a 200-day moving average price of $240.72.

Tractor Supply (NASDAQ:TSCOGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. Tractor Supply’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities analysts forecast that Tractor Supply will post 10.34 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th will be issued a $1.10 dividend. The ex-dividend date is Friday, May 24th. This represents a $4.40 annualized dividend and a dividend yield of 1.54%. Tractor Supply’s payout ratio is 42.84%.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction 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 transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Robert W. Baird increased their price target on shares of Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Barclays raised their target price on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Evercore ISI lifted their target price on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Raymond James boosted their price target on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, TD Cowen lifted their target price on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $253.96.

Get Our Latest Stock Analysis on TSCO

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 d├ęcor 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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