Sequoia Financial Advisors LLC Boosts Holdings in Tractor Supply Company (NASDAQ:TSCO)

Sequoia Financial Advisors LLC grew its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 9.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,233 shares of the specialty retailer's stock after purchasing an additional 9,483 shares during the period. Sequoia Financial Advisors LLC's holdings in Tractor Supply were worth $6,184,000 as of its most recent SEC filing.

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

Insider Activity at Tractor Supply

In related news, SVP Matthew L. Rubin sold 2,810 shares of Tractor Supply 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 sale, the senior vice president now directly owns 29,722 shares in the company, valued at $1,538,410.72. The trade was a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan S. Estep sold 56,630 shares of Tractor Supply stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $53.00, for a total transaction of $3,001,390.00. Following the sale, the executive vice president now owns 74,605 shares in the company, valued at approximately $3,954,065. This represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.65% of the company's stock.

Tractor Supply Stock Performance

Shares of TSCO opened at $51.71 on Friday. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $61.53. The company has a market cap of $27.42 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.79 and a beta of 0.74. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.17 and a current ratio of 1.41. The firm has a fifty day moving average of $50.92 and a 200-day moving average of $53.04.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $3.55 billion. During the same period last year, the firm posted $1.83 EPS. The business's revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Wednesday, May 28th. Tractor Supply's dividend payout ratio is currently 45.77%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TSCO. Guggenheim dropped their price target on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Wall Street Zen lowered shares of Tractor Supply from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Mizuho decreased their price objective on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a report on Friday, April 25th. UBS Group set a $54.00 price objective on shares of Tractor Supply in a report on Friday, April 25th. Finally, Raymond James Financial decreased their price objective on shares of Tractor Supply from $61.00 to $57.00 and set an "outperform" rating for the company in a report on Friday, April 25th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $58.02.

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.

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