Tractor Supply Company $TSCO Shares Sold by Motley Fool Asset Management LLC

Key Points

• Motley Fool Asset Management reduced its Tractor Supply stake by 40.8% in the third quarter, selling 37,866 shares and retaining 54,923 shares valued at approximately $1.72 million. Institutional investors and hedge funds collectively own 98.72% of the stock.
• Tractor Supply reported quarterly EPS of $0.43, exceeding estimates by $0.02, while revenue reached $3.91 billion and increased 5.1% year over year. The company also pays a quarterly dividend of $0.24, equivalent to a 2.9% annual yield.
• Insiders bought 20,310 shares worth approximately $652,411 over the past three months, while analysts maintain a consensus “Hold” rating with an average price target of $38.62.

Motley Fool Asset Management LLC cut its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 40.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,923 shares of the specialty retailer's stock after selling 37,866 shares during the period. Motley Fool Asset Management LLC's holdings in Tractor Supply were worth $1,719,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc raised its stake in Tractor Supply by 423.8% in the 2nd quarter. IFP Advisors Inc now owns 36,280 shares of the specialty retailer's stock worth $1,147,000 after acquiring an additional 29,354 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Tractor Supply by 71.9% in the second quarter. Tidal Investments LLC now owns 172,799 shares of the specialty retailer's stock valued at $5,462,000 after purchasing an additional 72,284 shares during the period. TimesSquare Capital Management LLC purchased a new position in shares of Tractor Supply in the second quarter worth about $28,733,000. Nykredit A S purchased a new position in shares of Tractor Supply in the second quarter worth about $6,691,000. Finally, BlackRock Inc. purchased a new position in shares of Tractor Supply in the second quarter worth about $1,500,967,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Harry A. Lawton III acquired 15,600 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was bought at an average price of $32.15 per share, with a total value of $501,540.00. Following the completion of the acquisition, the chief executive officer owned 15,600 shares of the company's stock, valued at approximately $501,540. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andre J. Hawaux acquired 3,150 shares of the business's stock in a transaction on Monday, August 3rd. The stock was purchased at an average cost of $31.83 per share, with a total value of $100,264.50. Following the acquisition, the director directly owned 3,150 shares of the company's stock, valued at $100,264.50. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 20,310 shares of company stock valued at $652,411. Corporate insiders own 0.64% of the company's stock.

Tractor Supply Stock Up 6.5%

Shares of TSCO stock opened at $33.65 on Friday. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $56.94. The stock has a market cap of $17.65 billion, a P/E ratio of 18.09, a P/E/G ratio of 3.28 and a beta of 0.52. The stock has a 50 day moving average of $33.31 and a 200 day moving average of $38.36. The company has a current ratio of 1.38, a quick ratio of 0.20 and a debt-to-equity ratio of 0.86.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The specialty retailer reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.82 billion. Tractor Supply had a return on equity of 40.05% and a net margin of 6.13%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, sell-side analysts expect that Tractor Supply Company will post 1.94 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, August 24th. Tractor Supply's payout ratio is currently 51.61%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. UBS Group reaffirmed a "neutral" rating on shares of Tractor Supply in a report on Monday, October 12th. Piper Sandler set a $35.00 price target on shares of Tractor Supply in a report on Friday, October 23rd. Wall Street Zen lowered shares of Tractor Supply from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. The Goldman Sachs Group restated a "buy" rating and set a $38.00 price objective (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $36.00 price objective (up from $35.00) on shares of Tractor Supply in a report on Monday, October 19th. Thirteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $38.62.

Tractor Supply Company Profile

Tractor Supply Company NASDAQ: TSCO is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.

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