Mn Services Vermogensbeheer B.V. Sells 15,400 Shares of Tractor Supply Company (NASDAQ:TSCO)

Mn Services Vermogensbeheer B.V. reduced its stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,605 shares of the specialty retailer's stock after selling 15,400 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Tractor Supply were worth $10,778,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in Tractor Supply by 571.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 65,760 shares of the specialty retailer's stock valued at $3,445,000 after buying an additional 55,959 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Tractor Supply by 403.1% in the fourth quarter. Van ECK Associates Corp now owns 191,764 shares of the specialty retailer's stock valued at $10,175,000 after acquiring an additional 153,649 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Tractor Supply by 403.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 205,324 shares of the specialty retailer's stock valued at $11,202,000 after acquiring an additional 164,524 shares during the period. Chevy Chase Trust Holdings LLC grew its stake in Tractor Supply by 385.0% during the fourth quarter. Chevy Chase Trust Holdings LLC now owns 285,448 shares of the specialty retailer's stock valued at $15,146,000 after acquiring an additional 226,589 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Tractor Supply by 62.5% during the 4th quarter. Blue Trust Inc. now owns 2,087 shares of the specialty retailer's stock worth $111,000 after acquiring an additional 803 shares during the period. 98.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Mizuho cut their price target on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Stephens started coverage on Tractor Supply in a research note on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 price objective for the company. Telsey Advisory Group set a $60.00 target price on Tractor Supply in a research note on Friday, April 25th. Raymond James Financial lowered their price target on Tractor Supply from $61.00 to $57.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Wall Street Zen lowered Tractor Supply from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned 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 currently has an average rating of "Moderate Buy" and an average target price of $58.02.

Insider Activity at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 2,810 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total value of $145,445.60. Following the completion of the sale, the senior vice president now owns 29,722 shares in the company, valued at approximately $1,538,410.72. This trade represents a 8.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.65% of the stock is owned by company insiders.

Tractor Supply Trading Up 1.6%

Shares of Tractor Supply stock traded up $0.84 on Wednesday, hitting $51.82. The stock had a trading volume of 906,219 shares, compared to its average volume of 5,487,233. 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 one year low of $46.85 and a one year high of $61.53. The stock's 50-day simple moving average is $50.66 and its two-hundred day simple moving average is $53.27. The stock has a market cap of $27.47 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 2.78 and a beta of 0.74.

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

Tractor Supply Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a $0.23 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 1.78%. Tractor Supply's payout ratio is presently 45.77%.

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.