Vontobel Holding Ltd. Sells 33,560 Shares of Tractor Supply (NASDAQ:TSCO)

Vontobel Holding Ltd. lessened its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,102 shares of the specialty retailer's stock after selling 33,560 shares during the period. Vontobel Holding Ltd. owned about 0.24% of Tractor Supply worth $56,145,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Synovus Financial Corp raised its position in Tractor Supply by 1.9% in the first quarter. Synovus Financial Corp now owns 5,006 shares of the specialty retailer's stock valued at $1,166,000 after purchasing an additional 93 shares during the period. Cibc World Market Inc. boosted its stake in shares of Tractor Supply by 10.4% during the first quarter. Cibc World Market Inc. now owns 12,622 shares of the specialty retailer's stock worth $2,946,000 after buying an additional 1,186 shares during the period. Sei Investments Co. raised its holdings in Tractor Supply by 12.1% during the first quarter. Sei Investments Co. now owns 75,163 shares of the specialty retailer's stock worth $17,565,000 after purchasing an additional 8,129 shares in the last quarter. Prudential PLC purchased a new position in Tractor Supply during the first quarter worth about $611,000. Finally, Cetera Investment Advisers increased its holdings in Tractor Supply by 15.8% in the first quarter. Cetera Investment Advisers now owns 6,238 shares of the specialty retailer's stock valued at $1,456,000 after buying an additional 849 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Down 1.2 %

Shares of NASDAQ TSCO traded down $2.92 during trading on Monday, reaching $241.97. The company had a trading volume of 911,594 shares, compared to its average volume of 1,156,061. The stock has a market cap of $26.12 billion, a PE ratio of 23.98, a P/E/G ratio of 3.68 and a beta of 0.84. 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 12-month low of $185.00 and a 12-month high of $268.02. The business's 50-day moving average is $248.73 and its 200 day moving average is $223.66.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its 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 firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The firm's revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the business posted $2.43 earnings per share. As a group, equities analysts forecast that Tractor Supply will post 10.19 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.82%. 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. Tractor Supply's payout ratio is presently 43.61%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Morgan Stanley reiterated an "underweight" rating and issued a $195.00 price target on shares of Tractor Supply in a research report on Tuesday, January 16th. Raymond James downgraded shares of Tractor Supply from a "strong-buy" rating to an "outperform" rating and boosted their target price for the stock from $230.00 to $250.00 in a research report on Friday, February 2nd. Evercore ISI lifted their price target on shares of Tractor Supply from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Tuesday, March 26th. The Goldman Sachs Group lifted their price target on shares of Tractor Supply from $230.00 to $262.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Finally, Stephens lowered shares of Tractor Supply from an "overweight" rating to an "equal weight" rating and boosted their target price for the company from $226.00 to $240.00 in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $239.83.

Insider Buying and Selling at Tractor Supply

In other news, EVP Robert D. Mills sold 48,334 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the transaction, the executive vice president now owns 22,167 shares in the company, valued at $5,147,842.41. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Robert D. Mills sold 48,334 shares of Tractor Supply stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the transaction, the executive vice president now directly owns 22,167 shares in the company, valued at $5,147,842.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply 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 sale, the chief executive officer now directly owns 95,192 shares of the company's stock, valued at $22,173,072.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,090 shares of company stock worth $21,201,877. 0.58% of the stock is currently owned by insiders.

Tractor Supply Company 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.