Diversify Wealth Management LLC Boosts Stock Position in Tractor Supply Company (NASDAQ:TSCO)

Diversify Wealth Management LLC raised its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 42.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,623 shares of the specialty retailer's stock after purchasing an additional 5,840 shares during the period. Diversify Wealth Management LLC's holdings in Tractor Supply were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSCO. Coppell Advisory Solutions LLC grew its stake in shares of Tractor Supply by 944.4% during 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 last quarter. Whittier Trust Co. lifted its holdings in shares of Tractor Supply by 400.0% during 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 during the period. Dunhill Financial LLC lifted its holdings in shares of Tractor Supply by 325.8% during 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 during the period. Pacific Center for Financial Services lifted its holdings in shares of Tractor Supply by 400.0% during 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 during the period. Finally, LRI Investments LLC lifted its holdings in shares of Tractor Supply by 400.0% during 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 during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Down 1.1%

Shares of NASDAQ:TSCO opened at $56.79 on Friday. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $61.53. The business has a fifty day moving average of $52.05 and a two-hundred day moving average of $53.09. The stock has a market cap of $30.11 billion, a P/E ratio of 28.20, a PEG ratio of 3.09 and a beta of 0.75. The company has a quick ratio of 0.17, a current ratio of 1.41 and a debt-to-equity ratio of 0.94.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same period last year, the company earned $1.83 EPS. The business's revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current 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. This represents a $0.92 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Wednesday, May 28th. Tractor Supply's dividend payout ratio (DPR) is presently 45.77%.

Insider Buying and Selling

In related news, EVP Jonathan S. Estep sold 56,630 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $53.00, for a total transaction of $3,001,390.00. Following the transaction, the executive vice president owned 74,605 shares of the company's stock, valued at approximately $3,954,065. This represents a 43.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew L. Rubin sold 2,810 shares of the stock in a transaction dated 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 directly owned 29,722 shares in the company, valued at approximately $1,538,410.72. The trade was a 8.64% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,445 shares of company stock valued at $5,554,242. Corporate insiders own 0.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Guggenheim decreased 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. Stephens assumed coverage on Tractor Supply in a report on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 price target for the company. Raymond James Financial decreased their price target on Tractor Supply from $61.00 to $57.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Telsey Advisory Group set a $60.00 price target on Tractor Supply in a report on Friday, April 25th. Finally, UBS Group set a $54.00 price objective on Tractor Supply in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $58.02.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.