Dynamic Technology Lab Private Ltd Sells 20,616 Shares of Tractor Supply Company $TSCO

Dynamic Technology Lab Private Ltd cut its holdings in Tractor Supply Company (NASDAQ:TSCO) by 82.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,505 shares of the specialty retailer’s stock after selling 20,616 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Tractor Supply were worth $257,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Delos Wealth Advisors LLC acquired a new position in shares of Tractor Supply during the 2nd quarter valued at $26,000. Financial Gravity Companies Inc. acquired a new stake in Tractor Supply in the second quarter worth $38,000. Clayton Financial Group LLC acquired a new stake in Tractor Supply in the third quarter worth $44,000. First Horizon Corp bought a new stake in Tractor Supply in the third quarter valued at $44,000. Finally, Evelyn Partners Asset Management Ltd acquired a new position in shares of Tractor Supply during the second quarter valued at about $46,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $48.10 on Friday. The business’s fifty day simple moving average is $52.30 and its 200 day simple moving average is $54.36. The company has a current ratio of 1.34, a quick ratio of 0.16 and a debt-to-equity ratio of 0.70. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The firm has a market capitalization of $25.32 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 2.48 and a beta of 0.72.

Tractor Supply (NASDAQ:TSCO) last released 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). 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 analysts’ expectations of $4.03 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. As a group, analysts anticipate 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 was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.0%. This is a boost from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 46.38%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TSCO. Evercore reaffirmed an “outperform” rating and set a $60.00 price target on shares of Tractor Supply in a research note on Friday, January 30th. Piper Sandler decreased their price objective on Tractor Supply from $67.00 to $59.00 and set an “overweight” rating for the company in a report on Friday, January 30th. Guggenheim reaffirmed a “buy” rating and set a $65.00 target price on shares of Tractor Supply in a research report on Thursday, January 22nd. Argus reduced their price target on shares of Tractor Supply from $67.00 to $64.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Finally, Wall Street Zen lowered shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Fifteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.78.

Insider Buying and Selling

In other Tractor Supply news, EVP Robert D. Mills sold 62,950 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $54.12, for a total value of $3,406,854.00. Following the completion of the transaction, the executive vice president directly owned 122,834 shares of the company’s stock, valued at $6,647,776.08. This trade represents a 33.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Harry A. Lawton III sold 84,670 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $53.16, for a total value of $4,501,057.20. Following the transaction, the chief executive officer owned 606,842 shares of the company’s stock, valued at approximately $32,259,720.72. The trade was a 12.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 222,348 shares of company stock valued at $11,959,621 in the last 90 days. Corporate insiders own 0.65% of the company’s stock.

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.