Tractor Supply (NASDAQ:TSCO) Holdings Trimmed by Trust Point Inc.

Trust Point Inc. lessened its holdings in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,594 shares of the specialty retailer's stock after selling 5,290 shares during the period. Trust Point Inc.'s holdings in Tractor Supply were worth $2,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Wedmont Private Capital boosted its position in Tractor Supply by 2.5% during the first quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer's stock worth $450,000 after purchasing an additional 212 shares in the last quarter. Procyon Advisors LLC raised its position in shares of Tractor Supply by 1.7% in the first quarter. Procyon Advisors LLC now owns 14,371 shares of the specialty retailer's stock valued at $792,000 after buying an additional 238 shares during the last quarter. Advisory Alpha LLC grew its position in shares of Tractor Supply by 6.2% in the first quarter. Advisory Alpha LLC now owns 4,826 shares of the specialty retailer's stock valued at $266,000 after purchasing an additional 283 shares in the last quarter. Missouri Trust & Investment Co lifted its position in Tractor Supply by 28.8% during the first quarter. Missouri Trust & Investment Co now owns 1,365 shares of the specialty retailer's stock worth $75,000 after buying an additional 305 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Tractor Supply by 21.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,829 shares of the specialty retailer's stock valued at $101,000 after acquiring an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Performance

TSCO traded up $0.15 during trading hours on Monday, hitting $51.69. The company's stock had a trading volume of 4,223,984 shares, compared to its average volume of 5,199,890. The company has a 50-day simple moving average of $50.60 and a 200 day simple moving average of $53.32. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $27.41 billion, a PE ratio of 25.34, a PEG ratio of 2.95 and a beta of 0.74. Tractor Supply has a fifty-two week low of $46.85 and a fifty-two week high of $61.53.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.55 billion. Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. Tractor Supply's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 EPS. As a group, sell-side analysts expect that Tractor Supply 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 dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.78%. The ex-dividend date was Wednesday, May 28th. Tractor Supply's dividend payout ratio is presently 45.77%.

Insider Buying and Selling

In other news, SVP Matthew L. Rubin sold 2,810 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total transaction of $145,445.60. Following the completion of the sale, the senior vice president now directly owns 29,722 shares of the company's stock, valued at $1,538,410.72. This represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Guggenheim cut their target price on Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Stephens started coverage on shares of Tractor Supply in a research report on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 price target for the company. Robert W. Baird cut their target price on shares of Tractor Supply from $63.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Raymond James cut their price target on Tractor Supply from $61.00 to $57.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their price target on Tractor Supply from $59.00 to $56.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Two 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 given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $58.02.

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.