Icon Wealth Partners LLC purchased a new stake in Tractor Supply (NASDAQ:TSCO) during the first quarter, Holdings Channel reports. The firm purchased 275 shares of the specialty retailer’s stock, valued at approximately $27,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc raised its holdings in shares of Tractor Supply by 0.3% in the third quarter. Vanguard Group Inc now owns 12,358,247 shares of the specialty retailer’s stock worth $1,123,118,000 after acquiring an additional 35,414 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Tractor Supply by 2.8% in the first quarter. BlackRock Inc. now owns 9,346,711 shares of the specialty retailer’s stock worth $913,734,000 after acquiring an additional 253,455 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Tractor Supply by 12,298.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,941,622 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 3,909,832 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Tractor Supply by 11.3% in the fourth quarter. Geode Capital Management LLC now owns 1,931,675 shares of the specialty retailer’s stock worth $160,949,000 after acquiring an additional 195,817 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Tractor Supply by 6.0% in the fourth quarter. Northern Trust Corp now owns 1,456,816 shares of the specialty retailer’s stock worth $121,558,000 after acquiring an additional 82,455 shares during the last quarter. Hedge funds and other institutional investors own 81.94% of the company’s stock.

A number of research firms have recently weighed in on TSCO. Zacks Investment Research cut Tractor Supply from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. BidaskClub cut Tractor Supply from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Wedbush reissued an “outperform” rating and issued a $115.00 price target on shares of Tractor Supply in a report on Thursday, May 16th. Piper Jaffray Companies boosted their price target on Tractor Supply from $102.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Barclays boosted their price target on Tractor Supply from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $98.42.

In related news, EVP Benjamin F. Parrish, Jr. sold 2,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $99.05, for a total value of $198,100.00. Following the completion of the transaction, the executive vice president now owns 26,549 shares of the company’s stock, valued at $2,629,678.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory A. Sandfort sold 25,896 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $95.00, for a total value of $2,460,120.00. Following the completion of the transaction, the chief executive officer now directly owns 117,554 shares of the company’s stock, valued at approximately $11,167,630. The disclosure for this sale can be found here. Insiders sold 328,051 shares of company stock valued at $33,304,084 in the last ninety days. Company insiders own 1.50% of the company’s stock.

Shares of NASDAQ TSCO opened at $101.23 on Tuesday. Tractor Supply has a 1-year low of $73.46 and a 1-year high of $107.98. The company has a quick ratio of 0.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $12.16 billion, a PE ratio of 23.49, a P/E/G ratio of 1.86 and a beta of 1.07.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.07. Tractor Supply had a return on equity of 36.16% and a net margin of 6.68%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. On average, research analysts anticipate that Tractor Supply will post 4.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th will be given a $0.35 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, May 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.38%. Tractor Supply’s dividend payout ratio is presently 32.48%.

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Tractor Supply Profile

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

See Also: Price to Earnings Ratio (PE) Basics

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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