Stratos Wealth Partners LTD. Boosts Stake in Tractor Supply Company (NASDAQ:TSCO)

Stratos Wealth Partners LTD. lifted its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,290 shares of the specialty retailer's stock after buying an additional 7,019 shares during the period. Stratos Wealth Partners LTD.'s holdings in Tractor Supply were worth $5,140,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Tractor Supply by 392.5% in the 4th 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 boosted its holdings in 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 valued at $1,262,258,000 after acquiring an additional 19,048,385 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Tractor Supply by 403.3% in the fourth quarter. Alliancebernstein L.P. now owns 22,256,534 shares of the specialty retailer's stock valued at $1,180,932,000 after acquiring an additional 17,834,643 shares in the last quarter. Capital World Investors increased its position in Tractor Supply by 403.7% during the 4th quarter. Capital World Investors now owns 19,433,135 shares of the specialty retailer's stock valued at $1,031,122,000 after purchasing an additional 15,575,311 shares during the period. Finally, Capital International Investors raised its holdings in Tractor Supply by 334.7% in the 4th quarter. Capital International Investors now owns 15,429,288 shares of the specialty retailer's stock worth $818,421,000 after purchasing an additional 11,880,010 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Price Performance

Tractor Supply stock traded up $0.23 during mid-day trading on Thursday, hitting $57.44. The stock had a trading volume of 5,024,057 shares, compared to its average volume of 5,161,397. The firm's 50 day moving average is $51.79 and its 200 day moving average is $53.05. Tractor Supply Company has a one year low of $46.85 and a one year high of $61.53. The firm has a market capitalization of $30.45 billion, a P/E ratio of 28.52, a P/E/G ratio of 3.06 and a beta of 0.75. The company has a current ratio of 1.41, a quick ratio of 0.17 and a debt-to-equity ratio of 0.94.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.34 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 company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same period last year, the company earned $1.83 EPS. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts forecast that Tractor Supply Company will post 2.17 earnings per share 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 issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Wednesday, May 28th. Tractor Supply's dividend payout ratio (DPR) is presently 45.77%.

Insider Buying and Selling at Tractor Supply

In other news, SVP Matthew L. Rubin sold 2,810 shares of the company's 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 directly owned 29,722 shares in the company, valued at approximately $1,538,410.72. This represents a 8.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan S. Estep sold 56,630 shares of the company's 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 owned 74,605 shares in the company, valued at $3,954,065. This represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,445 shares of company stock valued at $5,497,242 in the last 90 days. Insiders own 0.65% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. JPMorgan Chase & Co. cut their price objective on Tractor Supply from $59.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Citigroup lowered their target price on shares of Tractor Supply from $59.00 to $51.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Mizuho lowered their target price 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. Guggenheim decreased their price objective on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Wall Street Zen lowered shares of Tractor Supply from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Tractor Supply presently has a consensus rating of "Moderate Buy" and an average target price of $58.02.

About Tractor Supply

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.