Kestra Private Wealth Services LLC Grows Holdings in Tractor Supply Company (NASDAQ:TSCO)

Kestra Private Wealth Services LLC lifted its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,838 shares of the specialty retailer's stock after acquiring an additional 4,735 shares during the period. Kestra Private Wealth Services LLC's holdings in Tractor Supply were worth $6,217,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TSCO. Vanguard Group Inc. boosted its stake in shares of Tractor Supply by 392.5% during the 4th quarter. Vanguard Group Inc. now owns 64,033,972 shares of the specialty retailer's stock worth $3,397,643,000 after acquiring an additional 51,031,178 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Tractor Supply by 401.8% during the 4th quarter. Wellington Management Group LLP now owns 23,789,249 shares of the specialty retailer's stock worth $1,262,258,000 after acquiring an additional 19,048,385 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Tractor Supply by 403.3% during the 4th quarter. Alliancebernstein L.P. now owns 22,256,534 shares of the specialty retailer's stock worth $1,180,932,000 after acquiring an additional 17,834,643 shares during the last quarter. Capital World Investors boosted its stake in shares of Tractor Supply by 403.7% during the 4th quarter. Capital World Investors now owns 19,433,135 shares of the specialty retailer's stock worth $1,031,122,000 after acquiring an additional 15,575,311 shares during the last quarter. Finally, Capital International Investors boosted its stake in shares of Tractor Supply by 334.7% during the 4th quarter. Capital International Investors now owns 15,429,288 shares of the specialty retailer's stock worth $818,421,000 after acquiring an additional 11,880,010 shares during the last quarter. Institutional investors own 98.72% of the company's stock.

Analyst Upgrades and Downgrades

TSCO has been the topic of a number of analyst reports. Stephens initiated coverage on shares of Tractor Supply in a research note on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 target price on the stock. Raymond James Financial reduced their price target on shares of Tractor Supply from $61.00 to $57.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Mizuho decreased their target price on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Wells Fargo & Company upped their target price on shares of Tractor Supply from $60.00 to $63.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $60.00 target price on shares of Tractor Supply in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Tractor Supply has an average rating of "Moderate Buy" and a consensus price target of $57.95.

Tractor Supply Stock Down 0.4%

Shares of TSCO traded down $0.25 during mid-day trading on Friday, hitting $56.58. The company's stock had a trading volume of 4,284,593 shares, compared to its average volume of 5,160,496. The company's 50-day moving average is $52.61 and its 200-day moving average is $53.19. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $61.53. The firm has a market capitalization of $30.00 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 3.05 and a beta of 0.75. The company has a current ratio of 1.41, a quick ratio of 0.17 and a debt-to-equity ratio of 0.94.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its earnings results on Thursday, April 24th. The specialty retailer reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. The firm had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.55 billion. During the same period in the previous year, the company earned $1.83 EPS. The company's revenue was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were issued a $0.23 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.63%. Tractor Supply's dividend payout ratio is currently 45.77%.

Insiders Place Their Bets

In other news, EVP Jonathan S. Estep sold 56,630 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $53.00, for a total value of $3,001,390.00. Following the sale, the executive vice president owned 74,605 shares in the company, valued at $3,954,065. This represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew L. Rubin sold 2,810 shares of the stock in a transaction on 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 owned 29,722 shares in the company, valued at $1,538,410.72. The trade was a 8.64% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,445 shares of company stock valued at $5,669,742. Insiders own 0.65% of the company's stock.

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.