Commerzbank Aktiengesellschaft FI Boosts Stake in Tractor Supply Company (NASDAQ:TSCO)

Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 39.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,541 shares of the specialty retailer's stock after purchasing an additional 6,681 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Tractor Supply were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSCO. Coppell Advisory Solutions LLC raised its position in shares of Tractor Supply by 944.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 425 shares during the period. Whittier Trust Co. raised its position in shares of Tractor Supply by 400.0% in the fourth quarter. Whittier Trust Co. now owns 500 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 400 shares during the period. Dunhill Financial LLC raised its position in shares of Tractor Supply by 325.8% in the fourth quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 391 shares during the period. Pacific Center for Financial Services raised its position in shares of Tractor Supply by 400.0% in the fourth quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 440 shares during the period. Finally, LRI Investments LLC increased its stake in shares of Tractor Supply by 400.0% during the fourth quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock worth $33,000 after purchasing an additional 492 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Trading Down 0.4%

Tractor Supply stock traded down $0.25 during mid-day trading on Friday, hitting $56.58. The company's stock had a trading volume of 4,284,593 shares, compared to its average volume of 5,155,728. The firm has a market capitalization of $30.00 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 3.06 and a beta of 0.75. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $61.53. The company has a current ratio of 1.41, a quick ratio of 0.17 and a debt-to-equity ratio of 0.94. The stock's fifty day moving average is $52.61 and its two-hundred day moving average is $53.19.

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 for the quarter, missing the consensus estimate of $0.37 by ($0.03). The business had revenue of $3.47 billion during the quarter, compared to analysts' expectations of $3.55 billion. Tractor Supply had a return on equity of 47.56% and a net margin of 7.24%. The company's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.83 earnings per share. On average, analysts anticipate that Tractor Supply Company will post 2.17 EPS 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 given a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.63%. Tractor Supply's payout ratio is currently 45.77%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of Tractor Supply from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Mizuho cut their target price on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Stephens assumed coverage on shares of Tractor Supply in a research note on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Tractor Supply from $60.00 to $63.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Citigroup cut their target price on shares of 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 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $57.95.

Insider Buying and Selling

In related news, Director Denise L. Jackson sold 4,630 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $55.93, for a total transaction 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 trade represents a 11.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matthew L. Rubin sold 2,810 shares of the stock in a transaction that occurred 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 transaction, the senior vice president directly owned 29,722 shares of the company's stock, valued at $1,538,410.72. The trade was a 8.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,445 shares of company stock valued at $5,669,742. Company insiders own 0.65% of the company's stock.

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.