Thomas Story & Son LLC raised its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 274,324 shares of the specialty retailer's stock after buying an additional 6,934 shares during the period. Tractor Supply comprises 5.9% of Thomas Story & Son LLC's portfolio, making the stock its 3rd biggest position. Thomas Story & Son LLC owned about 0.05% of Tractor Supply worth $15,115,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Coppell Advisory Solutions LLC boosted its position in shares of Tractor Supply by 944.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 425 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in shares of Tractor Supply by 89.3% in the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 226 shares in the last quarter. Dunhill Financial LLC raised its position in Tractor Supply by 325.8% in the 4th quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock valued at $27,000 after buying an additional 391 shares during the last quarter. Pacific Center for Financial Services raised its position in Tractor Supply by 400.0% in the 4th quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock valued at $29,000 after buying an additional 440 shares during the last quarter. Finally, LRI Investments LLC raised its position in Tractor Supply by 400.0% in the 4th quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock valued at $33,000 after buying an additional 492 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.
Insider Activity at Tractor Supply
In related news, 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 transaction of $332,592.00. Following the completion of the transaction, the senior vice president directly owned 28,639 shares in the company, valued at $1,831,750.44. This represents a 15.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Colin Yankee sold 6,680 shares of the firm's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $58.40, for a total value of $390,112.00. Following the sale, the executive vice president directly owned 40,142 shares in the company, valued at approximately $2,344,292.80. This trade represents a 14.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 204,680 shares of company stock worth $12,071,552 in the last 90 days. Corporate insiders own 0.65% of the company's stock.
Tractor Supply Price Performance
Shares of Tractor Supply stock traded down $0.04 on Thursday, reaching $59.69. 3,984,236 shares of the stock were exchanged, compared to its average volume of 5,612,222. The firm's 50 day moving average is $55.67 and its 200-day moving average is $53.75. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28. The firm has a market cap of $31.63 billion, a PE ratio of 29.29, a P/E/G ratio of 3.05 and a beta of 0.75.
Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the prior year, the firm posted $3.93 EPS. The firm's quarterly revenue was up 4.5% on a year-over-year basis. As a group, analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.
Tractor Supply Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 25th. Tractor Supply's dividend payout ratio is 45.10%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on TSCO shares. Bank of America upgraded shares of Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 price target on the stock in a research note on Thursday, July 24th. Mizuho lowered their price target on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. DA Davidson lifted their price target on shares of Tractor Supply from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of Tractor Supply from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Finally, Robert W. Baird boosted their price objective on shares of Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Tractor Supply currently has an average rating of "Moderate Buy" and a consensus target price of $61.80.
Read Our Latest Report on TSCO
About Tractor Supply
(
Free Report)
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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