Tractor Supply Company (NASDAQ:TSCO) Shares Acquired by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors increased its holdings in Tractor Supply Company by **79.3%**, acquiring an additional 4,348 shares, bringing their total to 9,830 shares worth approximately **$542,000**.
• Institutional investors have significantly increased their stakes in Tractor Supply, with notable increases of **403.7%** by Capital World Investors and **407.9%** by Invesco Ltd. in the last quarter.
• Tractor Supply's stock is currently trading at **$59.77**, up **0.5%**, with a reported **EPS of $0.81** for the last quarter, surpassing analysts’ expectations.

Arkadios Wealth Advisors boosted its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 79.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,830 shares of the specialty retailer's stock after acquiring an additional 4,348 shares during the quarter. Arkadios Wealth Advisors' holdings in Tractor Supply were worth $542,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Capital World Investors raised its stake in shares of Tractor Supply by 403.7% in the fourth quarter. Capital World Investors now owns 19,433,135 shares of the specialty retailer's stock valued at $1,031,122,000 after acquiring an additional 15,575,311 shares in the last quarter. Capital International Investors raised its stake in shares of Tractor Supply by 334.7% in the fourth quarter. Capital International Investors now owns 15,429,288 shares of the specialty retailer's stock valued at $818,421,000 after acquiring an additional 11,880,010 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Tractor Supply by 287.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,417,152 shares of the specialty retailer's stock valued at $552,735,000 after acquiring an additional 7,729,628 shares in the last quarter. Invesco Ltd. raised its stake in shares of Tractor Supply by 407.9% in the fourth quarter. Invesco Ltd. now owns 8,766,224 shares of the specialty retailer's stock valued at $465,136,000 after acquiring an additional 7,040,165 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Tractor Supply by 398.6% in the fourth quarter. Stifel Financial Corp now owns 8,233,999 shares of the specialty retailer's stock valued at $436,899,000 after acquiring an additional 6,582,562 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 90,000 shares of the company's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $5,756,400.00. Following the sale, the chief financial officer owned 47,715 shares of the company's stock, valued at approximately $3,051,851.40. This represents a 65.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Noni L. Ellison sold 5,200 shares of the firm's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $63.96, for a total value of $332,592.00. Following the completion of the transaction, the senior vice president owned 28,639 shares of the company's stock, valued at approximately $1,831,750.44. This represents a 15.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 207,490 shares of company stock worth $12,216,998 over the last ninety days. 0.65% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Performance

NASDAQ TSCO traded up $0.48 on Wednesday, hitting $60.25. 3,830,440 shares of the company's stock were exchanged, compared to its average volume of 5,670,575. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16. The firm's 50-day moving average price is $54.36 and its two-hundred day moving average price is $53.60. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The firm has a market cap of $31.94 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 3.06 and a beta of 0.75.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.01. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%. The company had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.40 billion. During the same quarter in the previous year, the firm posted $3.93 EPS. The firm's quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts expect that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, May 28th. Tractor Supply's dividend payout ratio (DPR) is presently 45.10%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TSCO shares. Loop Capital increased their price objective on Tractor Supply from $48.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. lifted their price target on Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Stephens assumed coverage on Tractor Supply in a report on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 price target for the company. Bank of America raised Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price target for the company in a report on Thursday, July 24th. Finally, DA Davidson lifted their price target on Tractor Supply from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Tractor Supply currently has an average rating of "Moderate Buy" and an average price target of $61.80.

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.