Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,524 shares of the specialty retailer's stock, valued at approximately $855,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smithfield Trust Co boosted its position in Tractor Supply by 286.2% during the fourth quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 352 shares during the last quarter. Coppell Advisory Solutions LLC boosted its holdings in shares of Tractor Supply by 944.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock valued at $25,000 after buying an additional 425 shares during the last quarter. First Command Advisory Services Inc. grew its stake in shares of Tractor Supply by 400.0% in the fourth quarter. First Command Advisory Services Inc. now owns 500 shares of the specialty retailer's stock valued at $27,000 after buying an additional 400 shares in the last quarter. Whittier Trust Co. increased its holdings in Tractor Supply by 400.0% during the fourth quarter. Whittier Trust Co. now owns 500 shares of the specialty retailer's stock worth $27,000 after buying an additional 400 shares during the last quarter. Finally, Dunhill Financial LLC increased its holdings in Tractor Supply by 325.8% during the fourth quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock worth $27,000 after buying an additional 391 shares during the last quarter. 98.72% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, EVP Jonathan S. Estep sold 56,630 shares of Tractor Supply stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $53.00, for a total value of $3,001,390.00. Following the transaction, the executive vice president now owns 74,605 shares in the company, valued at approximately $3,954,065. This trade represents a 43.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matthew L. Rubin sold 2,810 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total value of $145,445.60. Following the sale, the senior vice president now owns 29,722 shares of the company's stock, valued at approximately $1,538,410.72. This represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.
Tractor Supply Price Performance
NASDAQ:TSCO traded down $0.13 during trading hours on Friday, reaching $51.71. 9,237,681 shares of the company were exchanged, compared to its average volume of 5,171,162. The business has a 50 day moving average of $50.89 and a 200 day moving average of $53.08. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $61.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.41 and a quick ratio of 0.17. The company has a market capitalization of $27.42 billion, a P/E ratio of 25.68, a P/E/G ratio of 2.84 and a beta of 0.74.
Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.55 billion. Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. The business's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 earnings per share. Research analysts forecast that Tractor Supply Company will post 2.17 EPS for the current year.
Tractor Supply Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 1.78%. Tractor Supply's dividend payout ratio is 45.77%.
Analysts Set New Price Targets
TSCO has been the subject of a number of analyst reports. Robert W. Baird decreased their price objective on shares of Tractor Supply from $63.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Raymond James Financial cut their target price on shares of Tractor Supply from $61.00 to $57.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Guggenheim reduced their price target on Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a report on Friday, April 25th. Stephens assumed coverage on Tractor Supply in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 price objective on the stock. Finally, Citigroup cut their price objective on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tractor Supply has a consensus rating of "Moderate Buy" and an average price target of $58.02.
View Our Latest Analysis on Tractor Supply
Tractor Supply Profile
(
Free Report)
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.
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