Clarius Group LLC Purchases Shares of 7,438 Tractor Supply Company (NASDAQ:TSCO)

Clarius Group LLC acquired a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,438 shares of the specialty retailer's stock, valued at approximately $410,000.

Other hedge funds also recently made changes to their positions in the company. Coppell Advisory Solutions LLC lifted its position in shares of Tractor Supply by 944.4% in the fourth 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. Smithfield Trust Co lifted its position in shares of Tractor Supply by 286.2% in the fourth quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer's stock valued at $25,000 after buying an additional 352 shares during the last quarter. First Command Advisory Services Inc. lifted its position 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 during the last quarter. Whittier Trust Co. lifted its position 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 valued at $27,000 after buying an additional 400 shares during the last quarter. Finally, Dunhill Financial LLC lifted its position 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 valued at $27,000 after buying an additional 391 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 value of $145,445.60. Following the transaction, the senior vice president now owns 29,722 shares in the company, valued at approximately $1,538,410.72. This trade represents a 8.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company's stock.

Tractor Supply Price Performance

Tractor Supply stock opened at $52.03 on Thursday. The stock's fifty day moving average price is $50.68 and its two-hundred day moving average price is $53.26. Tractor Supply Company has a one year low of $46.85 and a one 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 firm has a market cap of $27.59 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 2.75 and a beta of 0.74.

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

Tractor Supply Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 1.77%. Tractor Supply's payout ratio is 45.77%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TSCO shares. Raymond James Financial cut their price objective on Tractor Supply from $61.00 to $57.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Robert W. Baird cut their price objective on Tractor Supply from $63.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Citigroup dropped 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. Finally, UBS Group set a $54.00 price target on Tractor Supply in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.

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