Tractor Supply Company (NASDAQ:TSCO) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 9.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 121,057 shares of the specialty retailer’s stock after selling 12,826 shares during the period. Mutual of America Capital Management LLC’s holdings in Tractor Supply were worth $6,670,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. FORA Capital LLC lifted its stake in Tractor Supply by 434.1% during the fourth quarter. FORA Capital LLC now owns 35,526 shares of the specialty retailer’s stock worth $1,885,000 after purchasing an additional 28,875 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Tractor Supply by 7.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 70,944 shares of the specialty retailer’s stock worth $3,911,000 after acquiring an additional 5,184 shares in the last quarter. Sowell Financial Services LLC increased its stake in Tractor Supply by 49.3% in the first quarter. Sowell Financial Services LLC now owns 20,029 shares of the specialty retailer’s stock valued at $1,104,000 after purchasing an additional 6,612 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Tractor Supply by 9.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 112,233 shares of the specialty retailer’s stock valued at $6,184,000 after buying an additional 9,483 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Tractor Supply by 27.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 319,132 shares of the specialty retailer’s stock worth $17,584,000 after purchasing an additional 68,487 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $60.02 on Friday. The firm’s 50-day simple moving average is $54.80 and its 200-day simple moving average is $53.69. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The firm has a market cap of $31.82 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 3.10 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same period in the prior year, the company earned $3.93 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. Equities analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.5%. Tractor Supply’s payout ratio is 45.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Truist Financial boosted their target price on Tractor Supply from $60.00 to $66.00 and gave the company a “buy” rating in a report on Friday, July 25th. Evercore ISI raised their target price on shares of Tractor Supply from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Friday, July 25th. UBS Group increased their price objective on Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Robert W. Baird raised their price objective on Tractor Supply from $56.00 to $61.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Guggenheim dropped their price target on shares of Tractor Supply from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus price target of $61.80.

Insider Activity

In other news, SVP Noni L. Ellison sold 5,200 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction of $332,592.00. Following the completion of the transaction, the senior vice president directly owned 28,639 shares in the company, valued at approximately $1,831,750.44. The trade was a 15.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Denise L. Jackson sold 4,630 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $55.93, for a total value of $258,955.90. Following the completion of the transaction, the director directly owned 35,288 shares of the company’s stock, valued at approximately $1,973,657.84. The trade was a 11.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 207,490 shares of company stock worth $12,216,998 over the last three months. Insiders own 0.65% of the company’s stock.

About Tractor Supply

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.