Aberdeen Group plc Boosts Holdings in Tractor Supply Company $TSCO

Aberdeen Group plc increased its holdings in Tractor Supply Company (NASDAQ:TSCO) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 506,779 shares of the specialty retailer’s stock after purchasing an additional 33,367 shares during the quarter. Aberdeen Group plc owned 0.10% of Tractor Supply worth $25,344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TSCO. Delos Wealth Advisors LLC purchased a new stake in Tractor Supply during the 2nd quarter valued at $26,000. Aventura Private Wealth LLC bought a new stake in shares of Tractor Supply in the fourth quarter worth about $27,000. JPL Wealth Management LLC bought a new stake in shares of Tractor Supply in the third quarter worth about $28,000. Clayton Financial Group LLC purchased a new position in Tractor Supply during the 3rd quarter valued at about $44,000. Finally, First Horizon Corp purchased a new position in Tractor Supply during the 3rd quarter valued at about $44,000. 98.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

TSCO has been the topic of several research analyst reports. Wall Street Zen cut Tractor Supply from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. The Goldman Sachs Group set a $59.00 price target on shares of Tractor Supply and gave the company a “buy” rating in a report on Friday, January 30th. Mizuho reduced their price objective on shares of Tractor Supply from $65.00 to $58.00 and set an “outperform” rating on the stock in a research report on Friday, January 30th. Evercore restated an “outperform” rating and issued a $60.00 price objective on shares of Tractor Supply in a report on Friday, January 30th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of Tractor Supply in a research report on Friday, January 30th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average price target of $59.78.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $43.82 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 0.16. The firm’s 50-day moving average price is $50.50 and its 200-day moving average price is $52.61. The company has a market capitalization of $23.05 billion, a PE ratio of 21.17, a P/E/G ratio of 2.19 and a beta of 0.75. Tractor Supply Company has a 1-year low of $43.35 and a 1-year high of $63.99.

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

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, February 24th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. Tractor Supply’s dividend payout ratio (DPR) is presently 46.38%.

Insiders Place Their Bets

In related news, EVP Robert D. Mills sold 62,950 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $54.12, for a total value of $3,406,854.00. Following the transaction, the executive vice president owned 122,834 shares in the company, valued at $6,647,776.08. The trade was a 33.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jonathan S. Estep sold 59,745 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $54.03, for a total transaction of $3,228,022.35. Following the sale, the executive vice president directly owned 80,931 shares in the company, valued at $4,372,701.93. This trade represents a 42.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 222,348 shares of company stock valued at $11,959,621. Company insiders own 0.65% of the company’s stock.

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.