Nvwm LLC Trims Stock Holdings in Tractor Supply Company (NASDAQ:TSCO)

Key Points

• Nvwm LLC significantly reduced its holdings in Tractor Supply Company by 83.3%, now holding 2,020 shares valued at $111,000.
• Several hedge funds increased their stakes in Tractor Supply significantly, with Coppell Advisory Solutions raising its holdings by 944.4%.
• Tractor Supply recently reported **earnings per share** of $0.81, exceeding analysts' expectations of $0.80, and noted a revenue increase of 4.5% year-over-year.

Nvwm LLC cut its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 83.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,020 shares of the specialty retailer's stock after selling 10,090 shares during the quarter. Nvwm LLC's holdings in Tractor Supply were worth $111,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas grew its position in Tractor Supply by 41.6% during the 4th quarter. Teacher Retirement System of Texas now owns 34,510 shares of the specialty retailer's stock worth $1,831,000 after acquiring an additional 10,144 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Tractor Supply by 587.4% in the fourth quarter. Sei Investments Co. now owns 312,630 shares of the specialty retailer's stock worth $16,588,000 after purchasing an additional 267,147 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Tractor Supply by 482.9% in the fourth quarter. LPL Financial LLC now owns 973,523 shares of the specialty retailer's stock worth $51,655,000 after purchasing an additional 806,504 shares during the last quarter. Corebridge Financial Inc. grew its position in shares of Tractor Supply by 385.2% in the 4th quarter. Corebridge Financial Inc. now owns 137,523 shares of the specialty retailer's stock worth $7,297,000 after buying an additional 109,177 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Tractor Supply by 319.1% in the 4th quarter. Prudential Financial Inc. now owns 275,850 shares of the specialty retailer's stock worth $14,637,000 after buying an additional 210,036 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Price Performance

Shares of NASDAQ TSCO traded down $0.40 during mid-day trading on Wednesday, reaching $58.19. The company's stock had a trading volume of 1,477,101 shares, compared to its average volume of 5,690,860. The firm has a market capitalization of $30.85 billion, a PE ratio of 28.56, a P/E/G ratio of 2.99 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 has a fifty day moving average of $53.51 and a two-hundred day moving average of $53.44. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99.

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, topping analysts' consensus estimates of $0.80 by $0.01. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.93 earnings per share. As a group, sell-side analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 1.58%. Tractor Supply's dividend payout ratio (DPR) is presently 45.10%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 90,000 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Noni L. Ellison sold 5,200 shares of the company's stock in a transaction that occurred 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,810 shares of company stock valued at $11,826,886. Corporate insiders own 0.65% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a "buy" rating on shares of Tractor Supply in a research report on Friday. Telsey Advisory Group set a $70.00 price objective on Tractor Supply in a research report on Friday. Stephens initiated coverage on Tractor Supply in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 price target on the stock. Evercore ISI lifted their price target on Tractor Supply from $60.00 to $65.00 and gave the company an "in-line" rating in a research report on Friday, July 25th. Finally, Bank of America upgraded Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price target on the stock in a research report on Thursday, July 24th. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.80.

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.