American Century Companies Inc. Sells 225,621 Shares of Tractor Supply Company $TSCO

American Century Companies Inc. decreased its position in Tractor Supply Company (NASDAQ:TSCO) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,052,936 shares of the specialty retailer’s stock after selling 225,621 shares during the period. American Century Companies Inc. owned 0.58% of Tractor Supply worth $173,621,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bison Wealth LLC boosted its position in Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares during the last quarter. Woodline Partners LP increased its position in shares of Tractor Supply by 40.7% during the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after purchasing an additional 13,051 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Tractor Supply by 26.9% during the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after purchasing an additional 5,542 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Tractor Supply by 40.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,266 shares of the specialty retailer’s stock worth $67,000 after purchasing an additional 363 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of Tractor Supply by 150.1% in the 2nd quarter. Assetmark Inc. now owns 3,329 shares of the specialty retailer’s stock worth $176,000 after buying an additional 1,998 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Evercore restated an “outperform” rating and set a $60.00 price objective on shares of Tractor Supply in a report on Friday, January 30th. Stephens set a $53.00 target price on shares of Tractor Supply and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Morgan Stanley lowered their price target on shares of Tractor Supply from $60.00 to $57.00 and set an “equal weight” rating on the stock in a report on Friday, January 30th. DA Davidson reiterated a “buy” rating and issued a $60.00 price objective on shares of Tractor Supply in a research note on Friday, January 30th. Finally, Zacks Research downgraded Tractor Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Fifteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.78.

Tractor Supply Stock Up 1.3%

Shares of NASDAQ:TSCO opened at $51.84 on Friday. The firm has a fifty day moving average price of $52.40 and a two-hundred day moving average price of $54.98. The company has a market cap of $27.29 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 2.60 and a beta of 0.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 0.16. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data 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). Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter last year, the business posted $0.44 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently disclosed 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 of this dividend is Tuesday, February 24th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 1.9%. Tractor Supply’s payout ratio is presently 46.38%.

Insider Activity at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III sold 84,670 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $53.16, for a total value of $4,501,057.20. Following the completion of the transaction, the chief executive officer owned 606,842 shares of the company’s stock, valued at $32,259,720.72. The trade was a 12.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kurt D. Barton sold 1,929 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $53.94, for a total transaction of $104,050.26. Following the completion of the transaction, the chief financial officer directly owned 44,736 shares in the company, valued at $2,413,059.84. The trade was a 4.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 222,348 shares of company stock valued at $11,959,621 in the last ninety days. 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.