Tractor Supply Company (NASDAQ:TSCO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 266,831 shares of the specialty retailer's stock after selling 4,610 shares during the quarter. Victory Capital Management Inc. owned about 0.05% of Tractor Supply worth $14,702,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its holdings in Tractor Supply by 36.5% during the 1st quarter. Larson Financial Group LLC now owns 2,017 shares of the specialty retailer's stock valued at $111,000 after buying an additional 539 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in Tractor Supply by 6.7% during the 1st quarter. Wealthfront Advisers LLC now owns 86,109 shares of the specialty retailer's stock valued at $4,745,000 after buying an additional 5,375 shares in the last quarter. Hager Investment Management Services LLC grew its holdings in Tractor Supply by 14.9% during the 1st quarter. Hager Investment Management Services LLC now owns 3,205 shares of the specialty retailer's stock valued at $177,000 after buying an additional 415 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in Tractor Supply by 4.2% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,223,375 shares of the specialty retailer's stock valued at $67,408,000 after buying an additional 49,495 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Tractor Supply by 3.7% during the 1st quarter. Signaturefd LLC now owns 12,983 shares of the specialty retailer's stock valued at $715,000 after buying an additional 464 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

Insider Buying and Selling

In related news, EVP Jonathan S. Estep sold 56,630 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 74,605 shares in the company, valued at $3,954,065. The trade was a 43.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew L. Rubin sold 2,810 shares of the business's stock in a transaction 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 transaction, the senior vice president owned 29,722 shares in the company, valued at approximately $1,538,410.72. This trade represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 105,610 shares of company stock worth $5,737,894 in the last ninety days. 0.65% of the stock is owned by insiders.

Tractor Supply Stock Down 0.0%

NASDAQ TSCO traded down $0.01 on Friday, reaching $59.33. 7,589,239 shares of the stock traded hands, compared to its average volume of 6,122,455. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.17 and a current ratio of 1.28. The company has a fifty day moving average price of $53.27 and a 200-day moving average price of $53.39. The company has a market cap of $31.46 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 3.20 and a beta of 0.75. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.93 EPS. As a group, research analysts forecast that Tractor Supply Company will post 2.17 EPS for the current fiscal 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. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.92 annualized dividend and a yield of 1.55%. Tractor Supply's dividend payout ratio (DPR) is 45.10%.

Analyst Ratings Changes

Several research firms have weighed in on TSCO. Evercore ISI raised their price target on Tractor Supply from $60.00 to $65.00 and gave the company an "in-line" rating in a report on Friday. UBS Group raised their price target on Tractor Supply from $54.00 to $61.00 and gave the company a "neutral" rating in a report on Friday. Citigroup cut their price target on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Wall Street Zen upgraded Tractor Supply from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Robert W. Baird lifted their target price on Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.30.

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.