Andra AP fonden Sells 70,200 Shares of Tractor Supply Company $TSCO

Andra AP fonden lowered its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 39.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,100 shares of the specialty retailer’s stock after selling 70,200 shares during the period. Andra AP fonden’s holdings in Tractor Supply were worth $6,148,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TSCO. Diversify Wealth Management LLC boosted its holdings in shares of Tractor Supply by 6.4% during the third quarter. Diversify Wealth Management LLC now owns 26,452 shares of the specialty retailer’s stock worth $1,388,000 after purchasing an additional 1,590 shares during the period. Integrated Advisors Network LLC raised its position in Tractor Supply by 0.7% during the 3rd quarter. Integrated Advisors Network LLC now owns 33,824 shares of the specialty retailer’s stock valued at $1,924,000 after purchasing an additional 239 shares during the last quarter. DNB Asset Management AS lifted its holdings in Tractor Supply by 4.5% in the 3rd quarter. DNB Asset Management AS now owns 99,381 shares of the specialty retailer’s stock worth $5,652,000 after buying an additional 4,286 shares during the period. Choreo LLC grew its position in shares of Tractor Supply by 9.4% in the 3rd quarter. Choreo LLC now owns 29,295 shares of the specialty retailer’s stock worth $1,666,000 after buying an additional 2,516 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Tractor Supply by 5.8% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,057,385 shares of the specialty retailer’s stock worth $60,133,000 after buying an additional 57,961 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Stephens set a $53.00 target price on Tractor Supply and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a research report on Monday, December 29th. Morgan Stanley dropped their target price on shares of Tractor Supply from $60.00 to $57.00 and set an “equal weight” 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 company a “buy” rating in a research note on Friday, January 30th. Finally, Guggenheim reissued a “buy” rating and issued a $65.00 price target on shares of Tractor Supply in a research note on Thursday, January 22nd. Fifteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $59.78.

Tractor Supply Stock Up 1.3%

Shares of Tractor Supply stock opened at $51.84 on Friday. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The firm 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 50-day moving average of $52.40 and a 200 day moving average of $54.98. 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 (NASDAQ:TSCO) last announced its quarterly earnings data 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). 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 company posted $0.44 EPS. Tractor Supply’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be given a dividend of $0.24 per share. This is a boost from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a yield of 1.9%. Tractor Supply’s dividend payout ratio is 46.38%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, EVP Colin Yankee sold 11,170 shares of Tractor Supply stock in a transaction on Friday, February 13th. The stock was sold at an average price of $55.35, for a total transaction of $618,259.50. Following the completion of the transaction, the executive vice president owned 45,515 shares in the company, valued at approximately $2,519,255.25. The trade was a 19.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan S. Estep sold 59,745 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $54.03, for a total value of $3,228,022.35. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 222,348 shares of company stock valued at $11,959,621 in the last ninety days. 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.