Vontobel Holding Ltd. Increases Stock Holdings in Tractor Supply Company (NASDAQ:TSCO)

Vontobel Holding Ltd. grew its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 562,104 shares of the specialty retailer's stock after acquiring an additional 9,807 shares during the period. Vontobel Holding Ltd. owned about 0.11% of Tractor Supply worth $30,972,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FORA Capital LLC raised its holdings in Tractor Supply by 434.1% in the 4th quarter. FORA Capital LLC now owns 35,526 shares of the specialty retailer's stock worth $1,885,000 after purchasing an additional 28,875 shares in the last quarter. Sowell Financial Services LLC increased its position in shares of Tractor Supply by 49.3% during the first quarter. Sowell Financial Services LLC now owns 20,029 shares of the specialty retailer's stock valued at $1,104,000 after buying an additional 6,612 shares during the period. Sequoia Financial Advisors LLC raised its stake in Tractor Supply by 9.2% in the first quarter. Sequoia Financial Advisors LLC now owns 112,233 shares of the specialty retailer's stock worth $6,184,000 after buying an additional 9,483 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Tractor Supply by 385.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,089,542 shares of the specialty retailer's stock worth $59,260,000 after buying an additional 865,273 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Tractor Supply by 27.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 319,132 shares of the specialty retailer's stock worth $17,584,000 after buying an additional 68,487 shares during the period. 98.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSCO. Mizuho reduced their target price 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 target on Tractor Supply in a research report on Friday, April 25th. Citigroup lowered their price objective on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Telsey Advisory Group set a $60.00 target price on shares of Tractor Supply in a research report on Friday, April 25th. Finally, Wall Street Zen cut shares of Tractor Supply from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.02.

Tractor Supply Stock Down 0.6%

NASDAQ TSCO traded down $0.34 during mid-day trading on Friday, reaching $54.80. The stock had a trading volume of 2,938,398 shares, compared to its average volume of 5,150,793. The stock has a market cap of $29.05 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 2.97 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 debt-to-equity ratio of 0.94, a current ratio of 1.41 and a quick ratio of 0.17. The company has a fifty day moving average price of $51.27 and a 200 day moving average price of $52.98.

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

Tractor Supply Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were issued a $0.23 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 annualized dividend and a yield of 1.68%. Tractor Supply's payout ratio is 45.77%.

Insider Transactions at Tractor Supply

In other news, SVP Matthew L. Rubin sold 2,810 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan S. Estep sold 56,630 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $53.00, for a total transaction of $3,001,390.00. Following the completion of the sale, the executive vice president owned 74,605 shares in the company, valued at $3,954,065. This represents a 43.15% decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by 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.