Barclays PLC Sells 390,981 Shares of Tractor Supply Company $TSCO

Barclays PLC reduced its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 26.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,082,517 shares of the specialty retailer’s stock after selling 390,981 shares during the period. Barclays PLC owned 0.20% of Tractor Supply worth $61,563,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Islay Capital Management LLC boosted its holdings in Tractor Supply by 33.6% in the third quarter. Islay Capital Management LLC now owns 25,625 shares of the specialty retailer’s stock worth $1,457,000 after acquiring an additional 6,451 shares in the last quarter. IFG Advisory LLC bought a new position in Tractor Supply in the 3rd quarter worth about $419,000. Great Lakes Retirement Inc. boosted its stake in Tractor Supply by 3.9% in the 3rd quarter. Great Lakes Retirement Inc. now owns 26,371 shares of the specialty retailer’s stock worth $1,500,000 after purchasing an additional 1,001 shares in the last quarter. Mcdonald Partners LLC grew its position in Tractor Supply by 1.1% during the 3rd quarter. Mcdonald Partners LLC now owns 63,178 shares of the specialty retailer’s stock valued at $3,593,000 after purchasing an additional 664 shares during the last quarter. Finally, Cresset Asset Management LLC increased its stake in Tractor Supply by 2.5% during the 3rd quarter. Cresset Asset Management LLC now owns 13,822 shares of the specialty retailer’s stock valued at $786,000 after purchasing an additional 338 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Up 1.0%

Shares of NASDAQ:TSCO opened at $50.67 on Tuesday. The stock’s 50-day simple moving average is $52.35 and its two-hundred day simple moving average is $54.52. The stock has a market capitalization of $26.67 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 2.51 and a beta of 0.72. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.16 and a current ratio of 1.34.

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

Tractor Supply Increases Dividend

The business also recently declared 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. The ex-dividend date is 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 1.9%. Tractor Supply’s dividend payout ratio (DPR) is currently 46.38%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Guggenheim restated a “buy” rating and issued a $65.00 price objective on shares of Tractor Supply in a report on Thursday, January 22nd. Telsey Advisory Group cut their target price 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. Evercore reissued an “outperform” rating and issued a $60.00 target price on shares of Tractor Supply in a report on Friday, January 30th. Wolfe Research reaffirmed an “outperform” rating and set a $57.00 price target on shares of Tractor Supply in a report on Friday, January 30th. Finally, The Goldman Sachs Group set a $59.00 target price on Tractor Supply and gave the stock a “buy” rating in a research report on Friday, January 30th. Fifteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.78.

Insiders Place Their Bets

In related news, EVP Robert D. Mills sold 62,950 shares of the business’s 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 transaction, the executive vice president directly owned 122,834 shares in the company, valued at approximately $6,647,776.08. The trade was a 33.88% decrease in their position. 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 stock in a transaction that occurred on 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 sale, the executive vice president directly owned 80,931 shares of the company’s stock, valued at $4,372,701.93. This represents a 42.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 222,348 shares of company stock valued at $11,959,621. 0.65% of the stock is currently owned by corporate insiders.

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.