Capital International Investors Sells 456,058 Shares of Tractor Supply Company $TSCO

Capital International Investors trimmed its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,376,387 shares of the specialty retailer’s stock after selling 456,058 shares during the quarter. Capital International Investors’ holdings in Tractor Supply were worth $1,329,314,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Delos Wealth Advisors LLC purchased a new stake in Tractor Supply during the second quarter worth $26,000. Financial Gravity Companies Inc. purchased a new position in shares of Tractor Supply in the 2nd quarter valued at $38,000. Clayton Financial Group LLC bought a new position in shares of Tractor Supply in the 3rd quarter worth $44,000. First Horizon Corp bought a new position in shares of Tractor Supply in the 3rd quarter worth $44,000. Finally, Evelyn Partners Asset Management Ltd purchased a new stake in shares of Tractor Supply during the 2nd quarter worth $46,000. Institutional investors own 98.72% of the company’s stock.

Insider Activity at Tractor Supply

In other news, EVP Colin Yankee sold 11,170 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $55.35, for a total value of $618,259.50. Following the completion of the sale, the executive vice president directly owned 45,515 shares in the company, valued at $2,519,255.25. The trade was a 19.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 owned 80,931 shares in the company, valued at $4,372,701.93. This trade represents a 42.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 222,348 shares of company stock valued at $11,959,621 in the last ninety days. 0.65% of the stock is currently owned by company insiders.

Tractor Supply Trading Up 1.0%

Tractor Supply stock opened at $50.67 on Tuesday. The firm has a market cap of $26.67 billion, a PE ratio of 24.48, a P/E/G ratio of 2.51 and a beta of 0.72. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The stock’s 50 day simple moving average is $52.35 and its two-hundred day simple moving average is $54.52. 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 (NASDAQ:TSCO) last posted its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share 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 firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same period last year, the firm earned $0.44 earnings per share. Tractor Supply’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, February 24th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. Tractor Supply’s payout ratio is currently 46.38%.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of recent research reports. Evercore reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Tractor Supply in a research report on Friday, January 30th. Citigroup reissued a “buy” rating and set a $61.00 price target (down from $66.00) on shares of Tractor Supply in a research report on Friday, January 16th. Mizuho lowered their price target on shares of Tractor Supply from $65.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, January 30th. DA Davidson reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Tractor Supply in a research report on Friday, January 30th. Finally, Gordon Haskett lowered shares of Tractor Supply from an “accumulate” rating to a “hold” rating and reduced their price objective for the stock from $57.00 to $50.00 in a research note on Thursday, January 8th. Fifteen equities 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.