Tractor Supply (NASDAQ:TSCO) Shares Sold by Trust Investment Advisors

Trust Investment Advisors reduced its stake in Tractor Supply (NASDAQ:TSCO) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,760 shares of the specialty retailer’s stock after selling 75 shares during the period. Tractor Supply accounts for about 1.1% of Trust Investment Advisors’ holdings, making the stock its 28th biggest position. Trust Investment Advisors’ holdings in Tractor Supply were worth $1,454,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in shares of Tractor Supply in the 3rd quarter valued at about $25,000. Compass Wealth Management LLC acquired a new position in Tractor Supply during the fourth quarter worth approximately $25,000. Pacific Center for Financial Services purchased a new stake in Tractor Supply in the first quarter valued at approximately $26,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Tractor Supply in the fourth quarter valued at approximately $28,000. Finally, VisionPoint Advisory Group LLC grew its position in shares of Tractor Supply by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the sale, the chief financial officer now directly owns 25,013 shares in the company, valued at $5,804,516.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the sale, the chief financial officer now owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the sale, the chief financial officer now owns 20,678 shares in the company, valued at approximately $5,314,246. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,090 shares of company stock worth $21,201,877. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

TSCO has been the subject of several research reports. Wedbush upped their price target on shares of Tractor Supply from $200.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Barclays increased their target price on shares of Tractor Supply from $192.00 to $234.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Raymond James cut Tractor Supply from a “strong-buy” rating to an “outperform” rating and increased their price objective for the stock from $230.00 to $250.00 in a research report on Friday, February 2nd. Finally, Truist Financial boosted their target price on Tractor Supply from $256.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Tractor Supply currently has an average rating of “Hold” and a consensus price target of $240.57.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO traded down $0.04 during trading on Thursday, hitting $247.35. 821,204 shares of the stock were exchanged, compared to its average volume of 1,151,747. The company has a market cap of $26.70 billion, a PE ratio of 24.51, a P/E/G ratio of 3.68 and a beta of 0.84. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $249.23 and a two-hundred day moving average price of $224.12. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $268.02.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.06. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. Tractor Supply’s revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.43 earnings per share. On average, analysts forecast that Tractor Supply will post 10.19 EPS for the current year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a dividend of $1.10 per share. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a yield of 1.78%. The ex-dividend date was Friday, February 23rd. Tractor Supply’s dividend payout ratio (DPR) is 43.61%.

About Tractor Supply

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.