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

Stratos Wealth Partners LTD. increased its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 8.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 93,290 shares of the specialty retailer's stock after acquiring an additional 7,019 shares during the period. Stratos Wealth Partners LTD.'s holdings in Tractor Supply were worth $5,140,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FORA Capital LLC lifted its stake in shares of Tractor Supply by 434.1% during the 4th quarter. FORA Capital LLC now owns 35,526 shares of the specialty retailer's stock worth $1,885,000 after acquiring an additional 28,875 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Tractor Supply by 7.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 70,944 shares of the specialty retailer's stock valued at $3,911,000 after purchasing an additional 5,184 shares in the last quarter. Sowell Financial Services LLC raised its position in Tractor Supply by 49.3% during the 1st quarter. Sowell Financial Services LLC now owns 20,029 shares of the specialty retailer's stock valued at $1,104,000 after purchasing an additional 6,612 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Tractor Supply by 9.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 112,233 shares of the specialty retailer's stock valued at $6,184,000 after purchasing an additional 9,483 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in Tractor Supply by 385.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,089,542 shares of the specialty retailer's stock valued at $59,260,000 after purchasing an additional 865,273 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Denise L. Jackson sold 4,630 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $55.93, for a total value of $258,955.90. Following the completion of the transaction, the director owned 35,288 shares of the company's stock, valued at approximately $1,973,657.84. This represents a 11.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan S. Estep sold 56,630 shares of the company's 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 completion of the transaction, the executive vice president directly owned 74,605 shares of the company's stock, valued at $3,954,065. The trade was a 43.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,445 shares of company stock valued at $5,554,242. 0.65% of the stock is owned by company insiders.

Tractor Supply Stock Performance

Shares of TSCO stock traded down $0.65 on Friday, hitting $56.79. The company had a trading volume of 5,881,088 shares, compared to its average volume of 5,165,653. The firm has a market cap of $30.11 billion, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 3.06 and a beta of 0.75. The company has a 50-day moving average price of $52.05 and a 200-day moving average price of $53.08. The company has a quick ratio of 0.17, a current ratio of 1.41 and a debt-to-equity ratio of 0.94. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $61.53.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.55 billion. Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.83 EPS. As a group, equities research analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were issued a $0.23 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 1.62%. Tractor Supply's payout ratio is 45.77%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Telsey Advisory Group set a $60.00 price target on Tractor Supply in a report on Friday, April 25th. Wall Street Zen downgraded Tractor Supply from a "hold" rating to a "sell" rating in a report on Friday, June 6th. UBS Group set a $54.00 price target on Tractor Supply in a report on Friday, April 25th. Citigroup dropped their target price on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Finally, Guggenheim dropped their target price on Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.