Achmea Investment Management B.V. Cuts Stake in Tractor Supply Company (NASDAQ:TSCO)

Achmea Investment Management B.V. lowered its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 51.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,416 shares of the specialty retailer's stock after selling 36,474 shares during the quarter. Achmea Investment Management B.V.'s holdings in Tractor Supply were worth $1,897,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FORA Capital LLC grew its holdings in Tractor Supply by 434.1% during the 4th quarter. FORA Capital LLC now owns 35,526 shares of the specialty retailer's stock valued at $1,885,000 after buying an additional 28,875 shares in the last quarter. Sowell Financial Services LLC grew its holdings in Tractor Supply by 49.3% during the 1st quarter. Sowell Financial Services LLC now owns 20,029 shares of the specialty retailer's stock valued at $1,104,000 after buying an additional 6,612 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Tractor Supply by 385.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,089,542 shares of the specialty retailer's stock valued at $59,260,000 after buying an additional 865,273 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Tractor Supply by 27.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 319,132 shares of the specialty retailer's stock valued at $17,584,000 after buying an additional 68,487 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. grew its holdings in Tractor Supply by 330.2% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 21,355 shares of the specialty retailer's stock valued at $1,133,000 after buying an additional 16,391 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on TSCO. Mizuho cut their price target on Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Citigroup cut their price target on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Wall Street Zen cut Tractor Supply from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Guggenheim dropped their target price on Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped their target price on Tractor Supply from $59.00 to $56.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.02.

Tractor Supply Price Performance

Shares of TSCO stock opened at $51.71 on Friday. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $61.53. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.17 and a current ratio of 1.41. The firm has a market capitalization of $27.42 billion, a P/E ratio of 25.68, a P/E/G ratio of 2.78 and a beta of 0.74. The stock has a 50 day moving average price of $50.92 and a 200 day moving average price of $53.02.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.55 billion. Tractor Supply had a return on equity of 47.56% and a net margin of 7.24%. Tractor Supply's revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.83 earnings per share. As a group, sell-side analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Wednesday, May 28th. Tractor Supply's dividend payout ratio (DPR) is presently 45.77%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 2,810 shares of Tractor Supply stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total transaction of $145,445.60. Following the completion of the sale, the senior vice president now directly owns 29,722 shares of the company's stock, valued at $1,538,410.72. The trade was a 8.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jonathan S. Estep sold 56,630 shares of Tractor Supply stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $53.00, for a total value of $3,001,390.00. Following the sale, the executive vice president now directly owns 74,605 shares of the company's stock, valued at approximately $3,954,065. This trade represents a 43.15% 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 corporate insiders.

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.

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