Motley Fool Wealth Management LLC Trims Stake in Tractor Supply Company (NASDAQ:TSCO)

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Tractor Supply Company by 8.7%, now holding 110,837 shares valued at $6,107,000 after selling 10,507 shares in the 1st quarter.
• Tractor Supply recently announced a quarterly dividend of $0.23 per share, equating to a 1.6% annual yield, which will be distributed on September 9th to shareholders on record by August 25th.
• The company's stock has shown a 4.5% year-over-year revenue increase, with earnings per share of $0.81 for the last quarter, surpassing analyst expectations.

Motley Fool Wealth Management LLC cut its stake in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 8.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 110,837 shares of the specialty retailer's stock after selling 10,507 shares during the period. Motley Fool Wealth Management LLC's holdings in Tractor Supply were worth $6,107,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC raised its stake in Tractor Supply by 944.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 425 shares during the last quarter. GW&K Investment Management LLC raised its stake in Tractor Supply by 89.3% during the 1st 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 stake in Tractor Supply by 325.8% during the 4th quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 391 shares during the last quarter. Pacific Center for Financial Services raised its stake in Tractor Supply by 400.0% during the 4th quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 440 shares during the last quarter. Finally, LRI Investments LLC raised its stake in 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 during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Tractor Supply news, Director Denise L. Jackson sold 1,165 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $58.50, for a total transaction of $68,152.50. Following the sale, the director owned 31,123 shares in the company, valued at approximately $1,820,695.50. This represents a 3.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Noni L. Ellison sold 5,200 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $63.96, for a total value of $332,592.00. Following the sale, the senior vice president owned 28,639 shares in the company, valued at approximately $1,831,750.44. This trade represents a 15.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 207,490 shares of company stock worth $12,216,998 in the last quarter. 0.65% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Performance

TSCO opened at $59.26 on Monday. The stock has a market cap of $31.42 billion, a P/E ratio of 29.08, a P/E/G ratio of 3.05 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16. The stock's 50 day simple moving average is $55.02 and its 200 day simple moving average is $53.66. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. The firm had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%. Tractor Supply's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.93 EPS. As a group, equities analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, August 25th. Tractor Supply's dividend payout ratio is 45.10%.

Analyst Ratings Changes

Several research firms have commented on TSCO. Telsey Advisory Group set a $70.00 price objective on Tractor Supply in a research note on Friday, July 25th. Truist Financial upped their price objective on Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their target price on Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Wells Fargo & Company increased their target price on Tractor Supply from $63.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Citigroup cut their target price on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Tractor Supply currently has an average rating of "Moderate Buy" and an average price target of $61.80.

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.

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