Woodstock Corp Sells 8,319 Shares of Tractor Supply (NASDAQ:TSCO)

Woodstock Corp lowered its stake in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 5.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,631 shares of the specialty retailer's stock after selling 8,319 shares during the period. Woodstock Corp's holdings in Tractor Supply were worth $8,190,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Smithfield Trust Co lifted its stake in shares of Tractor Supply by 286.2% during the 4th quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer's stock worth $25,000 after buying an additional 352 shares during the last quarter. Coppell Advisory Solutions LLC raised its holdings in Tractor Supply by 944.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 425 shares during the period. PrairieView Partners LLC lifted its position in Tractor Supply by 400.0% during the fourth quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 400 shares during the last quarter. Archer Investment Corp boosted its holdings in shares of Tractor Supply by 400.0% during the fourth quarter. Archer Investment Corp now owns 500 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 400 shares during the period. Finally, Kentucky Trust Co acquired a new position in shares of Tractor Supply in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 98.72% of the company's stock.

Insider Transactions at Tractor Supply

In related news, SVP Matthew L. Rubin sold 2,810 shares of the stock in a transaction 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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.65% of the company's stock.

Analyst Upgrades and Downgrades

TSCO has been the subject of several research reports. Telsey Advisory Group set a $60.00 price target on Tractor Supply in a report on Friday, April 25th. Mizuho dropped their target price on 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 shares of Tractor Supply in a research report on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 target price for the company. Citigroup lowered their price target on shares of Tractor Supply from $59.00 to $51.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, UBS Group set a $54.00 price objective on shares of Tractor Supply in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $58.02.

Tractor Supply Price Performance

Shares of NASDAQ TSCO traded up $0.29 during mid-day trading on Wednesday, hitting $49.34. 7,020,093 shares of the stock traded hands, compared to its average volume of 5,171,908. The company has a market cap of $26.16 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.95 and a beta of 0.82. Tractor Supply has a twelve month low of $46.85 and a twelve month high of $61.53. The firm has a 50 day simple moving average of $50.93 and a two-hundred day simple moving average of $53.59. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.20.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly 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 net margin of 7.40% and a return on equity of 49.01%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter last year, the firm posted $1.83 EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that Tractor Supply will post 2.17 EPS for the current fiscal year.

Tractor Supply announced that its Board of Directors has approved a share repurchase plan on Thursday, February 13th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Tractor Supply Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.92 annualized dividend and a yield of 1.86%. Tractor Supply's payout ratio is 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.