Aberdeen Group plc Has $26.92 Million Position in Tractor Supply Company $TSCO

Aberdeen Group plc raised its stake in Tractor Supply Company (NASDAQ:TSCO) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 473,412 shares of the specialty retailer’s stock after acquiring an additional 16,055 shares during the quarter. Aberdeen Group plc owned about 0.09% of Tractor Supply worth $26,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSCO. Pacific Point Advisors LLC lifted its holdings in Tractor Supply by 1.8% in the third quarter. Pacific Point Advisors LLC now owns 27,847 shares of the specialty retailer’s stock valued at $1,584,000 after buying an additional 485 shares during the period. Ameritas Advisory Services LLC boosted its stake in Tractor Supply by 54.0% in the 3rd quarter. Ameritas Advisory Services LLC now owns 19,196 shares of the specialty retailer’s stock worth $1,092,000 after purchasing an additional 6,730 shares during the period. Abich Financial Wealth Management LLC bought a new stake in Tractor Supply in the 3rd quarter valued at approximately $98,000. Assetmark Inc. increased its stake in Tractor Supply by 16.4% in the 3rd quarter. Assetmark Inc. now owns 3,875 shares of the specialty retailer’s stock valued at $220,000 after buying an additional 546 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in Tractor Supply by 15.5% during the third quarter. Public Sector Pension Investment Board now owns 46,509 shares of the specialty retailer’s stock valued at $2,645,000 after purchasing an additional 6,245 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TSCO has been the topic of a number of research analyst reports. Mizuho dropped their target price on shares of Tractor Supply from $65.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, January 30th. Citigroup reaffirmed a “buy” rating and set a $61.00 target price (down from $66.00) on shares of Tractor Supply in a report on Friday, January 16th. UBS Group set a $55.00 price objective on shares of Tractor Supply in a research report on Friday, January 30th. Telsey Advisory Group decreased their price target on Tractor Supply from $70.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Finally, Argus dropped their price objective on shares of Tractor Supply from $67.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Fifteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Tractor Supply presently has an average rating of “Moderate Buy” and an average price target of $59.78.

Tractor Supply Price Performance

Shares of TSCO opened at $52.69 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.70. The business’s fifty day moving average is $52.40 and its 200 day moving average is $55.35. The stock has a market cap of $27.84 billion, a P/E ratio of 25.45, a P/E/G ratio of 2.76 and a beta of 0.74. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The business had revenue of $3.90 billion during 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 company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. Sell-side analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, February 24th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. Tractor Supply’s payout ratio is currently 44.44%.

Insider Buying and Selling

In related news, EVP Robert D. Mills sold 62,950 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the completion of the sale, the executive vice president directly owned 122,834 shares of the company’s stock, valued at approximately $6,647,776.08. This trade represents a 33.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jonathan S. Estep sold 59,745 shares of the business’s stock in a transaction dated 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 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. Insiders sold a total of 222,348 shares of company stock valued at $11,959,621 over the last quarter. Corporate 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.