Vanguard Group Inc. Sells 109,503 Shares of Tractor Supply Company $TSCO

Vanguard Group Inc. decreased its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 0.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,569,606 shares of the specialty retailer’s stock after selling 109,503 shares during the period. Vanguard Group Inc. owned approximately 12.75% of Tractor Supply worth $3,842,683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSCO. Buckhead Capital Management LLC raised its position in Tractor Supply by 310.3% during the 3rd quarter. Buckhead Capital Management LLC now owns 36,863 shares of the specialty retailer’s stock valued at $2,096,000 after purchasing an additional 27,878 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Tractor Supply by 6.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 130,035 shares of the specialty retailer’s stock valued at $6,862,000 after buying an additional 7,871 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Tractor Supply by 45.2% during the second quarter. Thrivent Financial for Lutherans now owns 149,323 shares of the specialty retailer’s stock valued at $7,880,000 after buying an additional 46,471 shares during the period. Bison Wealth LLC raised its holdings in shares of Tractor Supply by 356.1% during the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after acquiring an additional 5,017 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Tractor Supply by 11.7% in the third quarter. Jones Financial Companies Lllp now owns 564,921 shares of the specialty retailer’s stock worth $31,932,000 after acquiring an additional 59,151 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 1,929 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $53.94, for a total transaction of $104,050.26. Following the completion of the sale, the chief financial officer directly owned 44,736 shares in the company, valued at approximately $2,413,059.84. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan S. Estep sold 59,745 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.03, for a total transaction of $3,228,022.35. Following the completion of the transaction, the executive vice president owned 80,931 shares in the company, valued at approximately $4,372,701.93. This represents a 42.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 222,348 shares of company stock worth $11,959,621 over the last quarter. Corporate insiders own 0.65% of the company’s stock.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $52.69 on Wednesday. The company has a 50 day simple moving average of $52.40 and a two-hundred day simple moving average of $55.35. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The company has a market capitalization of $27.84 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 2.76 and a beta of 0.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.16 and a current ratio of 1.34.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.03). Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the previous year, the company earned $0.44 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, February 24th. This is a boost from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 1.8%. Tractor Supply’s dividend payout ratio is 44.44%.

Analyst Ratings Changes

TSCO has been the subject of several research reports. Mizuho decreased their price objective on shares of Tractor Supply from $65.00 to $58.00 and set an “outperform” rating for the company in a report on Friday, January 30th. UBS Group set a $55.00 price target on shares of Tractor Supply in a research note on Friday, January 30th. DA Davidson restated a “buy” rating and issued a $60.00 price objective on shares of Tractor Supply in a report on Friday, January 30th. TD Cowen reduced their target price on Tractor Supply from $55.00 to $53.00 and set a “hold” rating on the stock in a report on Friday, January 30th. Finally, The Goldman Sachs Group set a $59.00 target price on Tractor Supply and gave the company a “buy” rating in a research note on Friday, January 30th. Fifteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.78.

Tractor Supply 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.