Lansforsakringar Fondforvaltning AB publ Reduces Stake in Tractor Supply Company $TSCO

Lansforsakringar Fondforvaltning AB publ reduced its stake in Tractor Supply Company (NASDAQ:TSCO) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 496,084 shares of the specialty retailer’s stock after selling 17,954 shares during the quarter. Lansforsakringar Fondforvaltning AB publ owned about 0.09% of Tractor Supply worth $28,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC bought a new stake in Tractor Supply during the 2nd quarter valued at $26,000. Financial Gravity Companies Inc. purchased a new position in shares of Tractor Supply in the second quarter worth $38,000. Clayton Financial Group LLC bought a new position in Tractor Supply during the third quarter valued at approximately $44,000. First Horizon Corp purchased a new stake in Tractor Supply during the third quarter valued at $44,000. Finally, Evelyn Partners Asset Management Ltd purchased a new stake in shares of Tractor Supply in the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TSCO shares. Evercore restated an “outperform” rating and set a $60.00 price objective on shares of Tractor Supply in a research report on Friday, January 30th. Wall Street Zen downgraded Tractor Supply from a “hold” rating to a “sell” rating in a report on Saturday. Jefferies Financial Group lowered their price target on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, January 30th. The Goldman Sachs Group set a $59.00 target price on shares of Tractor Supply and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Gordon Haskett cut Tractor Supply from an “accumulate” rating to a “hold” rating and lowered their price objective for the stock from $57.00 to $50.00 in a research report on Thursday, January 8th. Fifteen equities research 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.78.

Tractor Supply Stock Up 1.9%

TSCO stock opened at $52.96 on Monday. The firm has a 50-day moving average of $52.41 and a two-hundred day moving average of $55.20. The company has a market cap of $27.88 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.65 and a beta of 0.74. The company has a current ratio of 1.34, a quick ratio of 0.16 and a debt-to-equity ratio of 0.70. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99.

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

Tractor Supply Increases Dividend

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

Insiders Place Their Bets

In related news, EVP Colin Yankee sold 11,170 shares of Tractor Supply stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $55.35, for a total value of $618,259.50. Following the completion of the transaction, the executive vice president owned 45,515 shares in the company, valued at $2,519,255.25. The trade was a 19.71% 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. Also, CFO Kurt D. Barton sold 1,929 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $53.94, for a total value of $104,050.26. Following the completion of the sale, the chief financial officer owned 44,736 shares in the company, valued at approximately $2,413,059.84. This represents a 4.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 222,348 shares of company stock worth $11,959,621. Corporate insiders own 0.65% of the company’s stock.

About Tractor Supply

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.