Tractor Supply (NASDAQ:TSCO) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC cut its holdings in Tractor Supply (NASDAQ:TSCO) by 5.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,961 shares of the specialty retailer’s stock after selling 354 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Tractor Supply were worth $328,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wedmont Private Capital increased its holdings in Tractor Supply by 2.5% in the first quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer’s stock valued at $450,000 after buying an additional 212 shares during the last quarter. Procyon Advisors LLC lifted its position in shares of Tractor Supply by 1.7% during the 1st quarter. Procyon Advisors LLC now owns 14,371 shares of the specialty retailer’s stock valued at $792,000 after acquiring an additional 238 shares during the period. Advisory Alpha LLC increased its stake in shares of Tractor Supply by 6.2% during the 1st quarter. Advisory Alpha LLC now owns 4,826 shares of the specialty retailer’s stock worth $266,000 after purchasing an additional 283 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Tractor Supply by 21.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,829 shares of the specialty retailer’s stock worth $101,000 after acquiring an additional 327 shares during the period. Finally, Bennett Selby Investments LP boosted its holdings in shares of Tractor Supply by 2.3% in the 1st quarter. Bennett Selby Investments LP now owns 14,741 shares of the specialty retailer’s stock valued at $812,000 after purchasing an additional 336 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Matthew L. Rubin sold 2,810 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total transaction of $145,445.60. Following the completion of the transaction, the senior vice president now owns 29,722 shares in the company, valued at $1,538,410.72. This represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is owned by insiders.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $51.54 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82. The company has a market cap of $27.33 billion, a P/E ratio of 25.26, a PEG ratio of 2.95 and a beta of 0.74. The company has a fifty day simple moving average of $50.60 and a 200 day simple moving average of $53.34. Tractor Supply has a 12-month low of $46.85 and a 12-month high of $61.53.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, April 24th. The specialty retailer reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts predict that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, May 28th. Tractor Supply’s payout ratio is 45.77%.

Analysts Set New Price Targets

A number of brokerages have commented on TSCO. JPMorgan Chase & Co. cut their price objective on shares of Tractor Supply from $59.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. UBS Group set a $54.00 target price on shares of Tractor Supply in a research report on Friday, April 25th. Stephens assumed coverage on shares of Tractor Supply in a research note on Wednesday, April 9th. They set an “equal weight” rating and a $56.00 target price for the company. Mizuho cut their price target on shares of Tractor Supply from $62.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Finally, Guggenheim dropped their price target on shares of Tractor Supply from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.02.

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.