7,591 Shares in Tractor Supply Company (NASDAQ:TSCO) Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired 7,591 shares of Tractor Supply Company (TSCO), valued at approximately $418,000, during the first quarter of the year.
• Wall Street analysts have a consensus rating of "Moderate Buy" for TSCO, with price target estimates ranging from $58.00 to $70.00.
• Tractor Supply announced a quarterly dividend of $0.23 per share, representing an annualized yield of 1.6%, payable to shareholders on September 9th.

XTX Topco Ltd purchased a new stake in Tractor Supply Company (NASDAQ:TSCO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,591 shares of the specialty retailer's stock, valued at approximately $418,000.

Several other hedge funds also recently added to or reduced their stakes in TSCO. Coppell Advisory Solutions LLC lifted its stake 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 buying an additional 425 shares in the last quarter. GW&K Investment Management LLC lifted its stake in Tractor Supply by 89.3% in the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock valued at $26,000 after buying an additional 226 shares in the last quarter. Dunhill Financial LLC lifted its stake in Tractor Supply by 325.8% in the 4th quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock valued at $27,000 after buying an additional 391 shares in the last quarter. Pacific Center for Financial Services lifted its stake in Tractor Supply by 400.0% in the 4th quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock valued at $29,000 after buying an additional 440 shares in the last quarter. Finally, LRI Investments LLC lifted its stake in Tractor Supply by 400.0% in the 4th quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock valued at $33,000 after buying an additional 492 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tractor Supply

In other news, EVP Jonathan S. Estep sold 56,630 shares of Tractor Supply stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $53.00, for a total value of $3,001,390.00. Following the sale, the executive vice president directly owned 74,605 shares in the company, valued at $3,954,065. This trade represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 90,000 shares of the business's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $63.96, for a total transaction of $5,756,400.00. Following the transaction, the chief financial officer owned 47,715 shares in the company, valued at approximately $3,051,851.40. The trade was a 65.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 207,490 shares of company stock valued at $12,216,998. 0.65% of the stock is currently owned by insiders.

Tractor Supply Stock Down 1.3%

Tractor Supply stock traded down $0.76 during trading hours on Friday, hitting $59.26. The company had a trading volume of 3,277,404 shares, compared to its average volume of 5,828,440. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16. The firm has a market capitalization of $31.40 billion, a P/E ratio of 29.08, a price-to-earnings-growth ratio of 3.05 and a beta of 0.75. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The firm's fifty day moving average is $55.02 and its 200-day moving average is $53.66.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.01. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. Tractor Supply's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.93 EPS. On average, research analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. Tractor Supply's payout ratio is presently 45.10%.

Analysts Set New Price Targets

A number of analysts have commented on TSCO shares. Mizuho cut their price objective 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. Raymond James Financial reiterated an "outperform" rating and issued a $65.00 price objective (up previously from $57.00) on shares of Tractor Supply in a report on Friday, July 25th. Wall Street Zen upgraded shares of Tractor Supply from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Bank of America upgraded shares of Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 target price for the company in a report on Thursday, July 24th. Finally, Wells Fargo & Company raised their price target on shares of Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $61.80.

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.