Tractor Supply Company (NASDAQ:TSCO) Stock Holdings Lessened by Fiera Capital Corp

Key Points

• Fiera Capital Corp reduced its stake in Tractor Supply Company by 25.5%, selling 40,769 shares, and now owns 119,355 shares valued at approximately $6.58 million.
• Insider selling included EVP Jonathan S. Estep who sold 35,825 shares for about $2 million, reducing his holdings by 32.44%.
• Several institutional investors significantly increased their holdings in Tractor Supply, with Capital World Investors growing its stake by 403.7% in the last quarter alone.

Fiera Capital Corp trimmed its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 25.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 119,355 shares of the specialty retailer's stock after selling 40,769 shares during the quarter. Fiera Capital Corp's holdings in Tractor Supply were worth $6,576,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Coppell Advisory Solutions LLC raised its stake in Tractor Supply by 944.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 425 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in Tractor Supply by 89.3% in the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 226 shares during the last quarter. Dunhill Financial LLC raised its holdings in shares of 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 purchasing an additional 391 shares during the period. Pacific Center for Financial Services raised its holdings in Tractor Supply by 400.0% in the fourth quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock valued at $29,000 after buying an additional 440 shares during the period. Finally, LRI Investments LLC lifted its holdings in shares of Tractor Supply by 400.0% during 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 in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Insider Buying and Selling at Tractor Supply

In related news, EVP Colin Yankee sold 6,680 shares of Tractor Supply stock in a transaction dated Monday, July 28th. The stock was 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 of the company's stock, valued at approximately $2,344,292.80. This trade represents a 14.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan S. Estep sold 35,825 shares of the company's stock in a transaction dated 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 directly 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. Insiders sold a total of 207,490 shares of company stock valued at $12,216,998 over the last 90 days. 0.65% of the stock is owned by insiders.

Tractor Supply Price Performance

NASDAQ TSCO traded down $0.26 on Friday, reaching $56.69. The company's stock had a trading volume of 837,307 shares, compared to its average volume of 5,665,376. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28. The firm's 50 day moving average is $53.82 and its two-hundred day moving average is $53.49. The stock has a market cap of $30.06 billion, a PE ratio of 27.74, a PEG ratio of 2.97 and a beta of 0.75.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results 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 business 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%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.93 earnings per share. As a group, sell-side analysts predict that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, May 28th. Tractor Supply's dividend payout ratio is currently 45.10%.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several research reports. Citigroup cut their price objective on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Evercore ISI raised their target price on Tractor Supply from $60.00 to $65.00 and gave the company an "in-line" rating in a report on Friday, July 25th. UBS Group upped their price target on Tractor Supply from $54.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Telsey Advisory Group set a $70.00 price objective on shares of Tractor Supply in a research note on Friday, July 25th. Finally, Bank of America upgraded shares of Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 target price for the company in a research note on Thursday, July 24th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $61.80.

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.