Commonwealth Equity Services LLC Buys 19,206 Shares of Tractor Supply Company (NASDAQ:TSCO)

Commonwealth Equity Services LLC lifted its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 7.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 291,371 shares of the specialty retailer's stock after purchasing an additional 19,206 shares during the period. Commonwealth Equity Services LLC owned about 0.05% of Tractor Supply worth $16,055,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TSCO. Coppell Advisory Solutions LLC grew its holdings 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 worth $25,000 after purchasing an additional 425 shares during the last quarter. GW&K Investment Management LLC grew its holdings in shares of Tractor Supply by 89.3% in the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Dunhill Financial LLC grew its holdings in Tractor Supply by 325.8% during the 4th quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 391 shares in the last quarter. Pacific Center for Financial Services grew its holdings in Tractor Supply by 400.0% during the 4th quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 440 shares in the last quarter. Finally, LRI Investments LLC grew its holdings in Tractor Supply by 400.0% during the 4th quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock worth $33,000 after acquiring an additional 492 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Guggenheim dropped their target price on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Raymond James Financial reiterated an "outperform" rating and set a $65.00 target price (up from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. Robert W. Baird increased their target price on shares of Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on shares of Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Wall Street Zen upgraded shares of Tractor Supply from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $61.80.

Insider Buying and Selling

In related news, EVP Colin Yankee sold 6,680 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $58.40, for a total value of $390,112.00. Following the transaction, the executive vice president owned 40,142 shares in the company, valued at approximately $2,344,292.80. This represents a 14.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kurt D. Barton sold 90,000 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction of $5,756,400.00. Following the completion of the transaction, the chief financial officer owned 47,715 shares in the company, valued at approximately $3,051,851.40. This trade represents a 65.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 207,490 shares of company stock worth $12,216,998 in the last quarter. 0.65% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $60.02 on Friday. The firm has a market capitalization of $31.82 billion, a P/E ratio of 29.45, a PEG ratio of 3.10 and a beta of 0.75. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average price of $54.80 and a 200 day moving average price of $53.69. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.40 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. Tractor Supply's revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $3.93 EPS. Sell-side analysts expect that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, August 25th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.5%. Tractor Supply's dividend payout ratio (DPR) is presently 45.10%.

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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