SG Americas Securities LLC Has $21.62 Million Stock Holdings in Tractor Supply Company $TSCO

SG Americas Securities LLC increased its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 432,325 shares of the specialty retailer’s stock after buying an additional 60,221 shares during the quarter. SG Americas Securities LLC owned 0.08% of Tractor Supply worth $21,621,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Buckhead Capital Management LLC lifted its position in shares of Tractor Supply by 310.3% in the third quarter. Buckhead Capital Management LLC now owns 36,863 shares of the specialty retailer’s stock worth $2,096,000 after purchasing an additional 27,878 shares in the last quarter. First National Bank of Omaha purchased a new position in Tractor Supply during the third quarter valued at approximately $5,069,000. NEOS Investment Management LLC grew its position in Tractor Supply by 49.9% during the third quarter. NEOS Investment Management LLC now owns 63,881 shares of the specialty retailer’s stock valued at $3,633,000 after purchasing an additional 21,256 shares in the last quarter. Wellington Management Group LLP increased its stake in Tractor Supply by 1.6% in the 3rd quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock valued at $1,474,736,000 after buying an additional 420,731 shares during the period. Finally, HighTower Advisors LLC increased its stake in Tractor Supply by 9.2% in the 3rd quarter. HighTower Advisors LLC now owns 289,610 shares of the specialty retailer’s stock valued at $16,470,000 after buying an additional 24,312 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TSCO. Jefferies Financial Group decreased their target price on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Telsey Advisory Group dropped their price target on shares of Tractor Supply from $70.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. The Goldman Sachs Group set a $59.00 price target on shares of Tractor Supply and gave the stock a “buy” rating in a research note on Friday, January 30th. Evercore reiterated an “outperform” rating and set a $60.00 price objective on shares of Tractor Supply in a report on Friday, January 30th. Finally, Stephens set a $53.00 price objective on Tractor Supply and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. 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’s stock. According to data from MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and a consensus target price of $59.78.

Tractor Supply Price Performance

Shares of TSCO opened at $44.87 on Friday. 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 cap of $23.62 billion, a PE ratio of 21.68, a PEG ratio of 2.29 and a beta of 0.72. The firm’s 50 day moving average price is $51.31 and its 200 day moving average price is $53.22. Tractor Supply Company has a twelve month low of $44.44 and a twelve month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results 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 business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $4.03 billion. Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. As a group, research analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, February 24th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.1%. Tractor Supply’s dividend payout ratio (DPR) is currently 46.38%.

Insider Activity at Tractor Supply

In other news, EVP Jonathan S. Estep sold 59,745 shares of the company’s stock in a transaction dated 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 approximately $4,372,701.93. This represents a 42.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Harry A. Lawton III sold 84,670 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $53.16, for a total value of $4,501,057.20. Following the transaction, the chief executive officer directly owned 606,842 shares in the company, valued at approximately $32,259,720.72. This represents a 12.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 222,348 shares of company stock valued at $11,959,621. Insiders own 0.65% of the company’s stock.

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.