Capital Insight Partners LLC Sells 56,319 Shares of Tractor Supply Company (NASDAQ:TSCO)

Capital Insight Partners LLC reduced its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 62.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,373 shares of the specialty retailer's stock after selling 56,319 shares during the period. Capital Insight Partners LLC's holdings in Tractor Supply were worth $1,839,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC raised its position in Tractor Supply by 944.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 425 shares during the period. Whittier Trust Co. increased its stake in shares of Tractor Supply by 400.0% in the fourth quarter. Whittier Trust Co. now owns 500 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 400 shares in the last quarter. Dunhill Financial LLC increased its stake in shares of Tractor Supply by 325.8% in the fourth quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 391 shares in the last quarter. Pacific Center for Financial Services increased its stake in shares of Tractor Supply by 400.0% in the fourth quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 440 shares in the last quarter. Finally, LRI Investments LLC increased its stake in shares of Tractor Supply by 400.0% in the fourth quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock worth $33,000 after purchasing an additional 492 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

Insider Transactions at Tractor Supply

In related news, Director Denise L. Jackson sold 1,000 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $57.00, for a total transaction of $57,000.00. Following the completion of the sale, the director directly owned 34,288 shares in the company, valued at $1,954,416. This represents a 2.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jonathan S. Estep sold 35,825 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $56.00, for a total transaction of $2,006,200.00. Following the sale, the executive vice president owned 74,605 shares of the company's stock, valued at $4,177,880. This represents a 32.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,445 shares of company stock worth $5,554,242. 0.65% of the stock is currently owned by insiders.

Tractor Supply Price Performance

TSCO stock traded down $0.65 during midday trading on Friday, reaching $56.79. The company had a trading volume of 5,881,088 shares, compared to its average volume of 5,163,963. The company has a market capitalization of $30.11 billion, a P/E ratio of 28.20, a P/E/G ratio of 3.09 and a beta of 0.75. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.41 and a quick ratio of 0.17. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $61.53. The firm has a 50-day moving average price of $52.05 and a 200-day moving average price of $53.09.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $3.47 billion during 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%. The company's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.83 earnings per share. On average, research analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.62%. Tractor Supply's payout ratio is 45.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TSCO shares. JPMorgan Chase & Co. reduced their target price on shares of Tractor Supply from $59.00 to $56.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Citigroup reduced their target price on shares of Tractor Supply from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Wall Street Zen downgraded shares of Tractor Supply from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Stephens started coverage on shares of Tractor Supply in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 target price for the company. Finally, Mizuho reduced their target price on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $58.02.

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.