Tractor Supply Company (NASDAQ:TSCO) Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 13.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 559,110 shares of the specialty retailer's stock after selling 83,642 shares during the quarter. Keybank National Association OH owned 0.11% of Tractor Supply worth $30,807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. DAVENPORT & Co LLC lifted its position in Tractor Supply by 11.5% in the first quarter. DAVENPORT & Co LLC now owns 17,870 shares of the specialty retailer's stock worth $985,000 after buying an additional 1,836 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Tractor Supply by 2.0% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 60,751 shares of the specialty retailer's stock worth $3,347,000 after acquiring an additional 1,183 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Tractor Supply by 1.8% in the 1st quarter. Vontobel Holding Ltd. now owns 562,104 shares of the specialty retailer's stock worth $30,972,000 after acquiring an additional 9,807 shares during the last quarter. Hixon Zuercher LLC boosted its stake in shares of Tractor Supply by 4.1% during the 1st quarter. Hixon Zuercher LLC now owns 27,364 shares of the specialty retailer's stock worth $1,508,000 after purchasing an additional 1,070 shares during the period. Finally, Smallwood Wealth Investment Management LLC bought a new position in Tractor Supply during the 1st quarter valued at about $41,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSCO has been the subject of several analyst reports. Stephens started coverage on shares of Tractor Supply in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 price objective for the company. Raymond James Financial dropped their price objective 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 objective on Tractor Supply in a research report on Friday, April 25th. Robert W. Baird decreased their target price on Tractor Supply from $63.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, Mizuho cut their price target on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating on the stock 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $58.02.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, EVP Jonathan S. Estep sold 56,630 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $53.00, for a total value of $3,001,390.00. Following the completion of the sale, the executive vice president owned 74,605 shares of the company's stock, valued at approximately $3,954,065. This trade represents a 43.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew L. Rubin sold 2,810 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $51.76, for a total transaction of $145,445.60. Following the transaction, the senior vice president owned 29,722 shares in the company, valued at approximately $1,538,410.72. This trade represents a 8.64% decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

Tractor Supply Stock Down 0.6%

Shares of NASDAQ:TSCO traded down $0.34 on Friday, reaching $54.80. The company had a trading volume of 2,938,398 shares, compared to its average volume of 5,150,793. The company has a current ratio of 1.41, a quick ratio of 0.17 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $29.05 billion, a PE ratio of 27.21, a PEG ratio of 2.97 and a beta of 0.75. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $61.53. The firm's 50 day simple moving average is $51.27 and its 200-day simple moving average is $52.98.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced 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). The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.55 billion. Tractor Supply had a return on equity of 47.56% and a net margin of 7.24%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.83 earnings per share. As a group, analysts expect 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. Shareholders 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 yield of 1.68%. Tractor Supply's dividend payout ratio (DPR) is 45.77%.

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.