DekaBank Deutsche Girozentrale Sells 282,979 Shares of Tractor Supply (NASDAQ:TSCO)

DekaBank Deutsche Girozentrale cut its position in Tractor Supply (NASDAQ:TSCO - Free Report) by 77.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,624 shares of the specialty retailer's stock after selling 282,979 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.07% of Tractor Supply worth $17,367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSCO. OFI Invest Asset Management acquired a new position in shares of Tractor Supply in the 3rd quarter worth approximately $25,000. Compass Wealth Management LLC acquired a new position in shares of Tractor Supply in the 4th quarter worth approximately $25,000. Pacific Center for Financial Services acquired a new position in shares of Tractor Supply in the 1st quarter worth approximately $26,000. ST Germain D J Co. Inc. acquired a new position in shares of Tractor Supply in the 2nd quarter worth approximately $29,000. Finally, VisionPoint Advisory Group LLC grew its stake in shares of Tractor Supply by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 76 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Price Performance

Shares of TSCO traded up $3.62 during trading hours on Tuesday, hitting $253.19. The stock had a trading volume of 790,333 shares, compared to its average volume of 1,166,380. The company's fifty day moving average is $246.88 and its two-hundred day moving average is $222.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.28. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $268.02. The stock has a market capitalization of $27.33 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 3.79 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.06. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The firm's quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.43 EPS. On average, analysts anticipate that Tractor Supply will post 10.19 EPS for the current year.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a dividend of $1.10 per share. This is an increase from Tractor Supply's previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. This represents a $4.40 annualized dividend and a yield of 1.74%. Tractor Supply's dividend payout ratio is 43.61%.

Insider Buying and Selling

In related news, EVP Jonathan S. Estep sold 7,120 shares of the company's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the transaction, the executive vice president now owns 13,605 shares in the company, valued at approximately $3,159,897.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Tractor Supply news, EVP Jonathan S. Estep sold 7,120 shares of the company's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the transaction, the executive vice president now directly owns 13,605 shares in the company, valued at approximately $3,159,897.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Harry A. Lawton III sold 20,500 shares of the company's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the transaction, the chief executive officer now owns 95,192 shares in the company, valued at $22,173,072.56. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock worth $21,201,877 in the last 90 days. Corporate insiders own 0.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TSCO shares. Benchmark reaffirmed a "buy" rating and issued a $256.00 price objective on shares of Tractor Supply in a research note on Wednesday, April 3rd. UBS Group lifted their target price on shares of Tractor Supply from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Friday, February 2nd. Truist Financial lifted their target price on shares of Tractor Supply from $256.00 to $277.00 and gave the stock a "buy" rating in a research report on Tuesday, April 2nd. Telsey Advisory Group lifted their target price on shares of Tractor Supply from $245.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. Finally, Guggenheim lifted their target price on shares of Tractor Supply from $210.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tractor Supply currently has a consensus rating of "Hold" and an average target price of $239.83.

Tractor Supply Profile

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.