CapWealth Advisors LLC Sells 10,081 Shares of Tractor Supply Company $TSCO

CapWealth Advisors LLC reduced its holdings in Tractor Supply Company (NASDAQ:TSCO) by 5.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,006 shares of the specialty retailer’s stock after selling 10,081 shares during the period. CapWealth Advisors LLC’s holdings in Tractor Supply were worth $9,156,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in TSCO. Vanguard Group Inc. grew its position in Tractor Supply by 1.6% in the second quarter. Vanguard Group Inc. now owns 67,679,109 shares of the specialty retailer’s stock worth $3,571,427,000 after acquiring an additional 1,047,687 shares in the last quarter. State Street Corp boosted its holdings in shares of Tractor Supply by 0.7% in the 2nd quarter. State Street Corp now owns 23,002,120 shares of the specialty retailer’s stock worth $1,213,822,000 after purchasing an additional 150,392 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Tractor Supply by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,367,775 shares of the specialty retailer’s stock worth $808,341,000 after purchasing an additional 316,595 shares during the period. Invesco Ltd. increased its position in shares of Tractor Supply by 123.4% during the 2nd quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock valued at $795,735,000 after purchasing an additional 8,329,462 shares during the last quarter. Finally, Select Equity Group L.P. raised its holdings in Tractor Supply by 41.9% during the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after buying an additional 3,753,414 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Stock Up 4.3%

Shares of NASDAQ TSCO opened at $53.17 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30. The firm has a market capitalization of $28.10 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.38 and a beta of 0.74. The stock has a 50 day moving average price of $52.31 and a 200 day moving average price of $55.84. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the business posted $0.45 EPS. Tractor Supply’s quarterly revenue was up 7.2% on a year-over-year basis. Sell-side analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were paid a dividend of $0.23 per share. The ex-dividend date was Monday, November 24th. This represents a $0.92 annualized dividend and a dividend yield of 1.7%. Tractor Supply’s dividend payout ratio (DPR) is currently 44.23%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price objective on shares of Tractor Supply in a research report on Thursday, October 23rd. TD Cowen cut their price target on shares of Tractor Supply from $62.00 to $55.00 and set a “hold” rating on the stock in a report on Tuesday. Wells Fargo & Company reissued an “overweight” rating and issued a $65.00 price objective on shares of Tractor Supply in a research report on Thursday, October 23rd. Jefferies Financial Group upgraded Tractor Supply from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Finally, Citigroup reaffirmed a “buy” rating and set a $61.00 target price (down previously from $66.00) on shares of Tractor Supply in a research note on Friday, January 16th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $62.48.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.