10,203 Shares in Tractor Supply Company (NASDAQ:TSCO) Acquired by Hoxton Planning & Management LLC

Key Points

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Hoxton Planning & Management LLC purchased a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,203 shares of the specialty retailer's stock, valued at approximately $562,000.

A number of other institutional investors also recently modified their holdings of the company. Capital World Investors lifted its holdings in shares of Tractor Supply by 403.7% in the fourth quarter. Capital World Investors now owns 19,433,135 shares of the specialty retailer's stock valued at $1,031,122,000 after purchasing an additional 15,575,311 shares in the last quarter. Capital International Investors increased its position in shares of Tractor Supply by 334.7% in the fourth quarter. Capital International Investors now owns 15,429,288 shares of the specialty retailer's stock valued at $818,421,000 after acquiring an additional 11,880,010 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Tractor Supply by 403.2% in the fourth quarter. Geode Capital Management LLC now owns 14,519,937 shares of the specialty retailer's stock valued at $768,838,000 after acquiring an additional 11,634,249 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Tractor Supply by 287.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,417,152 shares of the specialty retailer's stock valued at $552,735,000 after acquiring an additional 7,729,628 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Tractor Supply by 407.9% in the fourth quarter. Invesco Ltd. now owns 8,766,224 shares of the specialty retailer's stock valued at $465,136,000 after acquiring an additional 7,040,165 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on TSCO. Guggenheim lowered their target price on Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Bank of America raised Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 target price on the stock in a research report on Thursday, July 24th. Citigroup lowered their target price 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. Piper Sandler lifted their target price on Tractor Supply from $66.00 to $67.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, Stephens initiated coverage on Tractor Supply in a research report on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Tractor Supply presently has an average rating of "Moderate Buy" and an average target price of $61.80.

Insider Buying and Selling

In other news, EVP Colin Yankee sold 6,680 shares of the company's stock in a transaction that occurred on 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 represents a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 value of $5,756,400.00. Following the sale, the chief financial officer directly owned 47,715 shares in the company, valued at $3,051,851.40. This 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 valued at $12,216,998 in the last ninety days. 0.65% of the stock is currently owned by company insiders.

Tractor Supply Stock Performance

Shares of Tractor Supply stock traded up $0.68 on Friday, hitting $57.63. The stock had a trading volume of 5,505,274 shares, compared to its average volume of 6,097,455. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The business's 50 day moving average is $53.97 and its two-hundred day moving average is $53.52. 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 stock has a market cap of $30.56 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 2.93 and a beta of 0.75.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted 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. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the prior year, the business earned $3.93 earnings per share. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. Analysts forecast that Tractor Supply Company will post 2.17 EPS for the current 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 given 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 1.6%. Tractor Supply's dividend payout ratio is presently 45.10%.

Tractor Supply Company 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.