Tractor Supply (NASDAQ:TSCO) Shares Sold by Glassman Wealth Services

Glassman Wealth Services lowered its stake in shares of Tractor Supply (NASDAQ:TSCO) by 35.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 187 shares of the specialty retailer’s stock after selling 104 shares during the quarter. Glassman Wealth Services’ holdings in Tractor Supply were worth $40,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSCO. OFI Invest Asset Management purchased a new stake in Tractor Supply during the 3rd quarter valued at about $25,000. Private Wealth Management Group LLC purchased a new stake in Tractor Supply in the fourth quarter valued at approximately $27,000. Pinnacle Bancorp Inc. acquired a new position in Tractor Supply in the 4th quarter worth approximately $28,000. VisionPoint Advisory Group LLC increased its holdings in Tractor Supply by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after buying an additional 76 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in Tractor Supply during the 3rd quarter worth approximately $33,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Stock Down 1.6 %

NASDAQ TSCO traded down $4.47 during trading on Thursday, reaching $266.70. 1,269,394 shares of the company’s stock were exchanged, compared to its average volume of 1,173,694. The company has a 50 day moving average price of $254.72 and a two-hundred day moving average price of $228.28. The stock has a market cap of $28.78 billion, a P/E ratio of 25.96, a price-to-earnings-growth ratio of 3.44 and a beta of 0.82. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $279.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter last year, the company earned $1.65 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Tractor Supply will post 10.3 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a $1.10 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 annualized dividend and a yield of 1.65%. Tractor Supply’s dividend payout ratio is 42.84%.

Insider Buying and Selling

In related news, EVP Colin Yankee sold 8,675 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the transaction, the executive vice president now owns 9,673 shares of the company’s stock, valued at $2,418,250. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the transaction, the executive vice president now directly owns 9,673 shares in the company, valued at approximately $2,418,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Matthew L. Rubin sold 725 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $238.09, for a total transaction of $172,615.25. Following the completion of the transaction, the senior vice president now directly owns 5,710 shares in the company, valued at $1,359,493.90. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 in the last 90 days. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TSCO. Benchmark restated a “buy” rating and set a $256.00 price target on shares of Tractor Supply in a research report on Monday, April 22nd. Piper Sandler lifted their price objective on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company raised their target price on Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Telsey Advisory Group increased their price target on shares of Tractor Supply from $280.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Stephens downgraded shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $226.00 to $240.00 in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $251.25.

Tractor Supply Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.