Tractor Supply Company (NASDAQ:TSCO) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,647,773 shares of the specialty retailer's stock after selling 237,150 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.87% of Tractor Supply worth $256,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC grew its holdings 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 buying an additional 425 shares in the last quarter. Whittier Trust Co. boosted its position in 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 acquiring an additional 400 shares during the last quarter. Dunhill Financial LLC grew its stake in Tractor Supply by 325.8% in 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 during the period. Pacific Center for Financial Services grew its stake in Tractor Supply by 400.0% in 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 during the period. Finally, LRI Investments LLC raised its holdings in Tractor Supply by 400.0% in the 4th quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock valued at $33,000 after acquiring an additional 492 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TSCO. Stephens began coverage on Tractor Supply in a research report on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 price objective for the company. Wall Street Zen lowered Tractor Supply from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Robert W. Baird dropped their price objective on shares of Tractor Supply from $63.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Telsey Advisory Group set a $60.00 target price on shares of Tractor Supply in a research report on Friday, April 25th. Finally, Raymond James Financial lowered their target price on shares of Tractor Supply from $61.00 to $57.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Two 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $58.02.

Tractor Supply Stock Down 0.0%

Shares of NASDAQ TSCO traded down $0.03 on Wednesday, hitting $56.74. The company had a trading volume of 395,502 shares, compared to its average volume of 5,142,167. 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 Company has a 12-month low of $46.85 and a 12-month high of $61.53. The firm has a market capitalization of $30.09 billion, a P/E ratio of 28.18, a PEG ratio of 3.06 and a beta of 0.75. The business has a 50 day moving average of $51.66 and a two-hundred day moving average of $53.02.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released 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 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 analyst estimates of $3.55 billion. During the same period last year, the firm posted $1.83 earnings per share. The business's revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Cuts Dividend

The company also recently announced 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 was Wednesday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 1.62%. Tractor Supply's dividend payout ratio (DPR) is presently 45.77%.

Insider Activity at Tractor Supply

In other news, SVP Matthew L. Rubin sold 2,810 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total transaction of $145,445.60. Following the completion of the sale, the senior vice president directly owned 29,722 shares in the company, valued at $1,538,410.72. This trade represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Denise L. Jackson sold 1,550 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $55.00, for a total value of $85,250.00. Following the completion of the transaction, the director owned 39,918 shares in the company, valued at approximately $2,195,490. This trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 60,990 shares of company stock valued at $3,232,086. Corporate insiders own 0.65% of the company's stock.

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.