Tractor Supply Company (NASDAQ:TSCO) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC trimmed its holdings in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 39.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,108 shares of the specialty retailer's stock after selling 7,869 shares during the quarter. Moloney Securities Asset Management LLC's holdings in Tractor Supply were worth $667,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Tractor Supply by 392.5% during the fourth quarter. Vanguard Group Inc. now owns 64,033,972 shares of the specialty retailer's stock valued at $3,397,643,000 after acquiring an additional 51,031,178 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Tractor Supply by 401.8% during the 4th quarter. Wellington Management Group LLP now owns 23,789,249 shares of the specialty retailer's stock valued at $1,262,258,000 after purchasing an additional 19,048,385 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Tractor Supply by 403.3% during the fourth quarter. Alliancebernstein L.P. now owns 22,256,534 shares of the specialty retailer's stock valued at $1,180,932,000 after purchasing an additional 17,834,643 shares in the last quarter. Capital World Investors increased its holdings in shares of Tractor Supply by 403.7% in the fourth quarter. Capital World Investors now owns 19,433,135 shares of the specialty retailer's stock worth $1,031,122,000 after purchasing an additional 15,575,311 shares during the last quarter. Finally, Capital International Investors increased its holdings in shares of Tractor Supply by 334.7% in the fourth quarter. Capital International Investors now owns 15,429,288 shares of the specialty retailer's stock worth $818,421,000 after purchasing an additional 11,880,010 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Stock Down 1.1%

TSCO stock traded down $0.65 during trading on Friday, hitting $56.79. 5,881,088 shares of the company's stock traded hands, compared to its average volume of 5,163,963. The firm has a market capitalization of $30.11 billion, a P/E ratio of 28.20, a PEG ratio of 3.09 and a beta of 0.75. The company has a quick ratio of 0.17, a current ratio of 1.41 and a debt-to-equity ratio of 0.94. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $61.53. The business has a fifty day simple moving average of $52.05 and a two-hundred day simple moving average of $53.09.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). Tractor Supply had a return on equity of 47.56% and a net margin of 7.24%. The firm had revenue of $3.47 billion during the quarter, compared to analysts' expectations of $3.55 billion. During the same period in the prior year, the firm posted $1.83 earnings per share. Tractor Supply's revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were issued a $0.23 dividend. 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 1.62%. Tractor Supply's dividend payout ratio is currently 45.77%.

Insider Buying and Selling

In other Tractor Supply news, Director Denise L. Jackson sold 4,630 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $55.93, for a total transaction of $258,955.90. Following the sale, the director owned 35,288 shares in the company, valued at approximately $1,973,657.84. The trade was a 11.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew L. Rubin sold 2,810 shares of Tractor Supply 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 sale, the senior vice president directly owned 29,722 shares of the company's stock, valued at $1,538,410.72. This trade represents a 8.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,445 shares of company stock worth $5,554,242 in the last 90 days. Insiders own 0.65% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TSCO shares. Citigroup dropped their price target 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. JPMorgan Chase & Co. lowered their target price on Tractor Supply from $59.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Telsey Advisory Group set a $60.00 price target on shares of Tractor Supply in a research report on Friday, April 25th. Robert W. Baird decreased their price objective on Tractor Supply from $63.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Raymond James Financial lowered their target price on shares of Tractor Supply from $61.00 to $57.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Two equities research 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 stock. According to MarketBeat.com, Tractor Supply currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.02.

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.