Tractor Supply Company (NASDAQ:TSCO) Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd has reduced its stake in Tractor Supply Company by 26.4% during the first quarter, now holding 31,527 shares worth approximately $1.74 million.
• Tractor Supply recently reported earnings of $0.81 per share, surpassing estimates, with revenue growing 4.5% year-over-year to $4.44 billion.
• The company is set to pay a quarterly dividend of $0.23 per share on September 9th, representing an annualized yield of 1.5% and a payout ratio of 45.10%.

Gulf International Bank UK Ltd decreased its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 26.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,527 shares of the specialty retailer's stock after selling 11,313 shares during the quarter. Gulf International Bank UK Ltd's holdings in Tractor Supply were worth $1,737,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC increased its stake in Tractor Supply by 944.4% during 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 during the period. GW&K Investment Management LLC boosted 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 acquiring an additional 226 shares in the last quarter. Dunhill Financial LLC increased its stake in shares of Tractor Supply by 325.8% during the fourth quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 391 shares during the period. Pacific Center for Financial Services increased its stake in shares of Tractor Supply by 400.0% during the fourth quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 440 shares during the period. Finally, LRI Investments LLC raised its holdings in 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. Institutional investors and hedge funds own 98.72% of the company's stock.

Tractor Supply Price Performance

Shares of TSCO opened at $59.69 on Friday. The business's 50-day moving average is $55.83 and its 200-day moving average is $53.76. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16. The company has a market capitalization of $31.63 billion, a price-to-earnings ratio of 29.29, a P/E/G ratio of 3.07 and a beta of 0.75. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the prior year, the business earned $3.93 EPS. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, August 25th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 25th. Tractor Supply's dividend payout ratio (DPR) is currently 45.10%.

Insider Activity

In other Tractor Supply news, EVP Colin Yankee sold 6,680 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $58.40, for a total value of $390,112.00. Following the transaction, the executive vice president directly owned 40,142 shares of the company's stock, valued at $2,344,292.80. This represents a 14.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kurt D. Barton sold 90,000 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $63.96, for a total value of $5,756,400.00. Following the completion of the transaction, the chief financial officer directly owned 47,715 shares in the company, valued at approximately $3,051,851.40. The trade was a 65.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 204,680 shares of company stock valued at $12,071,552. 0.65% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TSCO shares. Wells Fargo & Company lifted their price target on Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Tractor Supply in a research note on Friday, July 25th. Robert W. Baird lifted their target price on Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Citigroup cut their price target on shares of Tractor Supply from $59.00 to $51.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Finally, UBS Group raised their price objective on shares of Tractor Supply from $54.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $61.80.

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.

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