Sowell Financial Services LLC Purchases 6,612 Shares of Tractor Supply Company (NASDAQ:TSCO)

Sowell Financial Services LLC raised its position in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 49.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,029 shares of the specialty retailer's stock after purchasing an additional 6,612 shares during the period. Sowell Financial Services LLC's holdings in Tractor Supply were worth $1,104,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Smithfield Trust Co increased its position in shares of Tractor Supply by 286.2% in the 4th quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer's stock valued at $25,000 after buying an additional 352 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in shares of Tractor Supply by 944.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock valued at $25,000 after buying an additional 425 shares in the last quarter. First Command Advisory Services Inc. increased its holdings in shares of Tractor Supply by 400.0% in the fourth quarter. First Command Advisory Services Inc. now owns 500 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 400 shares in the last quarter. Whittier Trust Co. increased its holdings 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 in the last quarter. Finally, Dunhill Financial LLC increased its holdings 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 in the last quarter. Institutional investors own 98.72% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TSCO shares. UBS Group set a $54.00 price target on Tractor Supply in a report on Friday, April 25th. Citigroup lowered 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. Stephens started coverage on shares of Tractor Supply in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 price objective for the company. Robert W. Baird lowered their price objective on shares of Tractor Supply from $63.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Tractor Supply from $59.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. 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 given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $58.02.

Tractor Supply Stock Up 0.9%

TSCO stock traded up $0.49 during mid-day trading on Friday, reaching $52.52. The company had a trading volume of 5,732,377 shares, compared to its average volume of 5,171,463. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $61.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.41 and a quick ratio of 0.17. The stock has a 50 day simple moving average of $50.71 and a two-hundred day simple moving average of $53.16. The company has a market capitalization of $27.85 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.83 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results 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). Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same period in the prior year, the business posted $1.83 earnings per share. Tractor Supply's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities 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 dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, May 28th. Tractor Supply's payout ratio is currently 45.77%.

Insider Buying and Selling

In other news, SVP Matthew L. Rubin sold 2,810 shares of Tractor Supply 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 completion of the transaction, the senior vice president now directly owns 29,722 shares in the company, valued at approximately $1,538,410.72. The trade was a 8.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.