Banque Cantonale Vaudoise Buys 11,978 Shares of Tractor Supply Company $TSCO

Banque Cantonale Vaudoise raised its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 34.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 46,932 shares of the specialty retailer’s stock after purchasing an additional 11,978 shares during the period. Banque Cantonale Vaudoise’s holdings in Tractor Supply were worth $2,670,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Delos Wealth Advisors LLC bought a new position in shares of Tractor Supply during the 2nd quarter valued at approximately $26,000. Financial Gravity Companies Inc. purchased a new position in Tractor Supply during the second quarter valued at approximately $38,000. Clayton Financial Group LLC bought a new position in shares of Tractor Supply in the third quarter worth approximately $44,000. First Horizon Corp bought a new position in shares of Tractor Supply in the third quarter worth approximately $44,000. Finally, Evelyn Partners Asset Management Ltd purchased a new stake in shares of Tractor Supply in the second quarter worth $46,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 1,884 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $53.81, for a total value of $101,378.04. Following the completion of the transaction, the chief financial officer directly owned 52,562 shares of the company’s stock, valued at approximately $2,828,361.22. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 transaction of $3,228,022.35. Following the completion of the sale, the executive vice president owned 80,931 shares in the company, valued at $4,372,701.93. This represents a 42.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 222,348 shares of company stock valued at $11,959,621 in the last ninety days. Company insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TSCO shares. The Goldman Sachs Group set a $59.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a research report on Friday, January 30th. Argus cut their price target on Tractor Supply from $67.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. TD Cowen decreased their price target on Tractor Supply from $55.00 to $53.00 and set a “hold” rating on the stock in a report on Friday, January 30th. Morgan Stanley lowered their price objective on Tractor Supply from $60.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Friday, January 30th. Finally, Stephens set a $53.00 price objective on Tractor Supply and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. Fifteen 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.78.

Tractor Supply Stock Performance

TSCO opened at $50.34 on Wednesday. The stock has a market capitalization of $26.50 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 2.54 and a beta of 0.72. The company has a fifty day moving average of $52.35 and a 200 day moving average of $54.44. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two 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 announced its quarterly earnings results 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 net margin of 7.06% and a return on equity of 44.36%. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.9%. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, February 24th. Tractor Supply’s payout ratio is presently 46.38%.

Tractor Supply Company 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.