Tractor Supply Company (NASDAQ:TSCO) Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC cut its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 8.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,451 shares of the specialty retailer's stock after selling 6,008 shares during the period. CWA Asset Management Group LLC's holdings in Tractor Supply were worth $3,551,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TSCO. FORA Capital LLC raised its holdings in shares of Tractor Supply by 434.1% in the fourth 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. CIBC Private Wealth Group LLC raised its stake in Tractor Supply by 385.8% in 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 during the last quarter. BOK Financial Private Wealth Inc. lifted its holdings in Tractor Supply by 330.2% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 21,355 shares of the specialty retailer's stock valued at $1,133,000 after purchasing an additional 16,391 shares in the last quarter. Gen Wealth Partners Inc boosted its stake in shares of Tractor Supply by 513.8% during the 4th quarter. Gen Wealth Partners Inc now owns 14,320 shares of the specialty retailer's stock worth $760,000 after purchasing an additional 11,987 shares during the last quarter. Finally, Blueshift Asset Management LLC grew its holdings in shares of Tractor Supply by 571.8% during the fourth quarter. Blueshift Asset Management LLC now owns 66,815 shares of the specialty retailer's stock worth $3,545,000 after buying an additional 56,870 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Down 1.4%

Shares of Tractor Supply stock opened at $50.98 on Wednesday. The company has a fifty day moving average price of $50.66 and a 200 day moving average price of $53.27. 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 Company has a twelve month low of $46.85 and a twelve month high of $61.53. The stock has a market cap of $27.03 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 2.78 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Tractor Supply's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.83 EPS. Equities research analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.80%. Tractor Supply's payout ratio is currently 45.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TSCO. Guggenheim reduced their price objective on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Wall Street Zen lowered Tractor Supply from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Mizuho decreased their price objective on Tractor Supply from $62.00 to $58.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. UBS Group set a $54.00 price objective on Tractor Supply in a research report on Friday, April 25th. Finally, Robert W. Baird dropped their price target 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.02.

Insider Transactions at Tractor Supply

In related news, SVP Matthew L. Rubin sold 2,810 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total value of $145,445.60. Following the transaction, the senior vice president now owns 29,722 shares in the company, valued at approximately $1,538,410.72. The trade was a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.65% of the company's stock.

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.

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