Alecta Tjanstepension Omsesidigt Sells 531,900 Shares of Tractor Supply Company $TSCO

Alecta Tjanstepension Omsesidigt cut its position in Tractor Supply Company (NASDAQ:TSCO) by 17.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,602,500 shares of the specialty retailer’s stock after selling 531,900 shares during the quarter. Alecta Tjanstepension Omsesidigt owned approximately 0.49% of Tractor Supply worth $147,926,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bison Wealth LLC lifted its stake in shares of Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after buying an additional 5,017 shares during the period. Woodline Partners LP lifted its position in shares of Tractor Supply by 40.7% in the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after acquiring an additional 13,051 shares during the period. Intech Investment Management LLC grew its holdings 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 in the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of Tractor Supply during the second quarter valued at approximately $322,000. Finally, Creative Planning increased its position in shares of Tractor Supply by 0.9% during the second quarter. Creative Planning now owns 171,520 shares of the specialty retailer’s stock valued at $9,051,000 after purchasing an additional 1,456 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, EVP Jonathan S. Estep sold 59,745 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $54.03, for a total value of $3,228,022.35. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kurt D. Barton sold 1,884 shares of Tractor Supply stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $53.81, for a total value of $101,378.04. Following the sale, the chief financial officer directly owned 52,562 shares of the company’s stock, valued at approximately $2,828,361.22. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 222,348 shares of company stock worth $11,959,621 in the last ninety days. Insiders own 0.65% of the company’s stock.

Tractor Supply Price Performance

Shares of TSCO opened at $45.95 on Thursday. The stock has a 50 day simple moving average of $52.08 and a 200 day simple moving average of $53.90. Tractor Supply Company has a 52-week low of $45.92 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. The firm has a market capitalization of $24.19 billion, a PE ratio of 22.20, a P/E/G ratio of 2.38 and a beta of 0.72.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, January 29th. The specialty retailer reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $4.03 billion. Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. Sell-side analysts predict that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.1%. 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 dividend payout ratio (DPR) is presently 46.38%.

Analyst Upgrades and Downgrades

TSCO has been the subject of several research analyst reports. Wall Street Zen cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Wolfe Research reiterated an “outperform” rating and issued a $57.00 price objective on shares of Tractor Supply in a research report on Friday, January 30th. JPMorgan Chase & Co. lowered their target price on Tractor Supply from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. 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. Finally, UBS Group set a $55.00 price target on Tractor Supply in a report on Friday, January 30th. 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.78.

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.