Sigma Planning Corp Has $549,000 Holdings in Tractor Supply Company (NASDAQ:TSCO)

Sigma Planning Corp lowered its position in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 59.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 9,963 shares of the specialty retailer's stock after selling 14,483 shares during the period. Sigma Planning Corp's holdings in Tractor Supply were worth $549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its position in shares of Tractor Supply by 956.9% during the 4th quarter. Proficio Capital Partners LLC now owns 9,269 shares of the specialty retailer's stock worth $492,000 after purchasing an additional 8,392 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Tractor Supply by 404.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 28,365 shares of the specialty retailer's stock worth $1,505,000 after purchasing an additional 22,739 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Tractor Supply by 397.5% during the 4th quarter. Harbour Investments Inc. now owns 4,766 shares of the specialty retailer's stock worth $253,000 after purchasing an additional 3,808 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of Tractor Supply by 401.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 707 shares of the specialty retailer's stock worth $38,000 after purchasing an additional 566 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Tractor Supply by 477.5% during the 4th quarter. Parallel Advisors LLC now owns 8,634 shares of the specialty retailer's stock worth $458,000 after purchasing an additional 7,139 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Wall Street Analysts Forecast Growth

TSCO has been the subject of a number of research analyst reports. Stephens initiated coverage on Tractor Supply in a report on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 target price for the company. Mizuho decreased their price objective on Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Guggenheim decreased their price objective on 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 cut Tractor Supply from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Finally, Citigroup decreased 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. Two equities research analysts have rated the stock with a sell rating, seven have issued 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, Tractor Supply currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.95.

Tractor Supply Stock Performance

Shares of Tractor Supply stock traded down $0.25 during trading on Friday, reaching $56.58. The company's stock had a trading volume of 4,284,593 shares, compared to its average volume of 5,160,496. 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 business's fifty day moving average price is $52.61 and its 200-day moving average price is $53.19. The firm has a market cap of $30.00 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 3.05 and a beta of 0.75. Tractor Supply Company has a one year low of $46.85 and a one year high of $61.53.

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

Tractor Supply Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.63%. The ex-dividend date was Wednesday, May 28th. Tractor Supply's dividend payout ratio is 45.77%.

Insiders Place Their Bets

In related news, SVP Matthew L. Rubin sold 2,810 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total transaction of $145,445.60. Following the sale, the senior vice president owned 29,722 shares of the company's stock, valued at approximately $1,538,410.72. This trade represents a 8.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jonathan S. Estep sold 56,630 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,445 shares of company stock valued at $5,669,742. 0.65% of the stock is currently owned by corporate insiders.

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.