Capital International Sarl Sells 27,444 Shares of Tractor Supply Company $TSCO

Capital International Sarl trimmed its position in Tractor Supply Company (NASDAQ:TSCO) by 59.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,052 shares of the specialty retailer’s stock after selling 27,444 shares during the quarter. Capital International Sarl’s holdings in Tractor Supply were worth $1,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bison Wealth LLC boosted its stake in shares of Tractor Supply by 356.1% during the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after acquiring an additional 5,017 shares during the period. Woodline Partners LP raised its stake in Tractor Supply by 40.7% in the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock valued at $2,487,000 after acquiring an additional 13,051 shares during the period. Intech Investment Management LLC lifted its holdings in Tractor Supply by 26.9% during the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock valued at $1,442,000 after purchasing an additional 5,542 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Tractor Supply by 99.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,915 shares of the specialty retailer’s stock valued at $154,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Tractor Supply by 5.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 999,424 shares of the specialty retailer’s stock worth $52,740,000 after purchasing an additional 48,210 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 1,884 shares of Tractor Supply stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 52,562 shares of the company’s stock, valued at $2,828,361.22. The trade was a 3.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan S. Estep sold 59,745 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 80,931 shares of the company’s stock, valued at approximately $4,372,701.93. The trade was a 42.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 222,348 shares of company stock valued at $11,959,621 in the last quarter. Company insiders own 0.65% of the company’s stock.

Tractor Supply Trading Down 0.7%

Shares of Tractor Supply stock opened at $50.34 on Wednesday. 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 50-day moving average of $52.35 and a 200-day moving average of $54.44. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. The stock has a market cap of $26.50 billion, a PE ratio of 24.32, a PEG ratio of 2.54 and a beta of 0.72.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data 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). The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $4.03 billion. Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.Tractor Supply’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. As a group, sell-side analysts forecast that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Increases Dividend

The firm 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. The ex-dividend date was 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 dividend yield of 1.9%. Tractor Supply’s dividend payout ratio (DPR) is presently 46.38%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group set a $59.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a report on Friday, January 30th. Mizuho decreased their price target on shares of Tractor Supply from $65.00 to $58.00 and set an “outperform” rating on the stock in a research note on Friday, January 30th. Morgan Stanley decreased their price target on shares of Tractor Supply from $60.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Friday, January 30th. JPMorgan Chase & Co. lowered their price target on shares of Tractor Supply from $62.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Finally, Wall Street Zen cut Tractor Supply from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Fifteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Tractor Supply currently has an average rating of “Moderate Buy” and a consensus price target of $59.78.

Tractor Supply 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.