Cerity Partners LLC Sells 13,574 Shares of Tractor Supply (NASDAQ:TSCO)

Cerity Partners LLC cut its stake in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,824 shares of the specialty retailer's stock after selling 13,574 shares during the quarter. Cerity Partners LLC owned approximately 0.13% of Tractor Supply worth $29,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TSCO. OFI Invest Asset Management acquired a new stake in shares of Tractor Supply in the third quarter valued at approximately $25,000. Compass Wealth Management LLC acquired a new stake in Tractor Supply in the 4th quarter valued at approximately $25,000. Pacific Center for Financial Services bought a new stake in Tractor Supply during the 1st quarter valued at $26,000. Pinnacle Bancorp Inc. acquired a new position in Tractor Supply during the 4th quarter worth $28,000. Finally, ST Germain D J Co. Inc. bought a new position in shares of Tractor Supply in the second quarter worth $29,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tractor Supply

In other news, SVP Matthew L. Rubin sold 725 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $238.09, for a total transaction of $172,615.25. Following the transaction, the senior vice president now directly owns 5,710 shares in the company, valued at approximately $1,359,493.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Matthew L. Rubin sold 725 shares of Tractor Supply stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $238.09, for a total transaction of $172,615.25. Following the completion of the sale, the senior vice president now owns 5,710 shares of the company's stock, valued at $1,359,493.90. The transaction was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the transaction, the chief executive officer now directly owns 95,192 shares in the company, valued at $22,173,072.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,090 shares of company stock worth $21,201,877. 0.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TSCO shares. Morgan Stanley restated an "underweight" rating and set a $195.00 price objective on shares of Tractor Supply in a research note on Tuesday, January 16th. UBS Group upped their price target on shares of Tractor Supply from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Friday, February 2nd. Guggenheim increased their price objective on shares of Tractor Supply from $210.00 to $255.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Benchmark reissued a "buy" rating and set a $256.00 target price on shares of Tractor Supply in a report on Wednesday, April 3rd. Finally, Wedbush increased their price target on Tractor Supply from $200.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of "Hold" and a consensus price target of $239.83.

Tractor Supply Stock Down 2.1 %

Shares of TSCO traded down $5.30 during mid-day trading on Friday, reaching $244.89. The company's stock had a trading volume of 991,919 shares, compared to its average volume of 888,371. The company has a market cap of $26.43 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 3.76 and a beta of 0.84. The business has a fifty day moving average of $248.51 and a 200 day moving average of $223.25. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $268.02.

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

Tractor Supply Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from Tractor Supply's previous quarterly dividend of $1.03. This represents a $4.40 dividend on an annualized basis and a yield of 1.80%. Tractor Supply's payout ratio is presently 43.61%.

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.