Tractor Supply Company (NASDAQ:TSCO) Stock Position Lowered by Montag A & Associates Inc.

Montag A & Associates Inc. cut its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 88.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 675 shares of the specialty retailer's stock after selling 5,000 shares during the period. Montag A & Associates Inc.'s holdings in Tractor Supply were worth $37,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Coppell Advisory Solutions LLC lifted its holdings in Tractor Supply by 944.4% in the 4th 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. lifted its holdings in Tractor Supply by 400.0% in the 4th quarter. Whittier Trust Co. now owns 500 shares of the specialty retailer's stock worth $27,000 after buying an additional 400 shares in the last quarter. Dunhill Financial LLC lifted its holdings 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 buying an additional 391 shares in the last quarter. Pacific Center for Financial Services lifted its holdings 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 buying an additional 440 shares in the last quarter. Finally, LRI Investments LLC lifted 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 worth $33,000 after buying an additional 492 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tractor Supply

In related news, SVP Matthew L. Rubin sold 2,810 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were 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 of the company's stock, valued at $1,538,410.72. This represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Denise L. Jackson sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $57.75, for a total transaction of $115,500.00. Following the sale, the director directly owned 32,288 shares of the company's stock, valued at approximately $1,864,632. This represents a 5.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,445 shares of company stock valued at $5,669,742. Company insiders own 0.65% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Piper Sandler boosted their price objective on shares of Tractor Supply from $60.00 to $66.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Wall Street Zen lowered shares of Tractor Supply from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. upped their target price on shares of Tractor Supply from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday. Robert W. Baird upped their target price on shares of Tractor Supply from $56.00 to $61.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $60.00 target price on shares of Tractor Supply in a research note on Friday. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of "Moderate Buy" and an average price target of $58.65.

Tractor Supply Stock Performance

NASDAQ TSCO traded up $1.57 on Tuesday, hitting $58.98. The stock had a trading volume of 4,773,832 shares, compared to its average volume of 5,155,563. Tractor Supply Company has a one year low of $46.85 and a one year high of $61.53. The company has a quick ratio of 0.17, a current ratio of 1.41 and a debt-to-equity ratio of 0.94. The stock has a market cap of $31.27 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 3.09 and a beta of 0.75. The company's 50-day moving average is $52.61 and its two-hundred day moving average is $53.19.

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

Tractor Supply Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Wednesday, May 28th. Tractor Supply's dividend payout ratio is currently 45.77%.

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.