Arcadia Investment Management Corp MI Decreases Holdings in Tractor Supply (NASDAQ:TSCO)

Arcadia Investment Management Corp MI trimmed its position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 14.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,119 shares of the specialty retailer's stock after selling 4,333 shares during the period. Arcadia Investment Management Corp MI's holdings in Tractor Supply were worth $6,574,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Tractor Supply by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer's stock worth $2,753,432,000 after purchasing an additional 48,439 shares during the period. Capital International Investors increased its stake in Tractor Supply by 7.6% in the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer's stock worth $1,340,589,000 after purchasing an additional 439,954 shares during the period. Capital World Investors increased its stake in Tractor Supply by 10.0% in the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer's stock worth $1,257,751,000 after purchasing an additional 531,170 shares during the period. Wellington Management Group LLP increased its stake in Tractor Supply by 63.2% in the 4th quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer's stock worth $990,526,000 after purchasing an additional 1,784,304 shares during the period. Finally, Invesco Ltd. increased its stake in Tractor Supply by 76.7% in the 3rd quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer's stock worth $411,010,000 after purchasing an additional 878,874 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wells Fargo & Company lifted their price target on Tractor Supply from $250.00 to $285.00 and gave the stock an "overweight" rating in a research note on Monday, March 25th. Stephens cut 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. TD Cowen boosted their target price on Tractor Supply from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, April 26th. The Goldman Sachs Group boosted their target price on Tractor Supply from $230.00 to $262.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. Finally, Mizuho reissued a "neutral" rating and set a $250.00 target price (up from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $251.25.

Tractor Supply Stock Down 1.6 %

Tractor Supply stock traded down $4.47 during mid-day trading on Thursday, hitting $266.70. The company had a trading volume of 1,269,394 shares, compared to its average volume of 1,173,694. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The stock's 50 day moving average price is $254.72 and its two-hundred day moving average price is $228.28. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $279.38. The company has a market capitalization of $28.78 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 3.44 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter in the previous year, the business earned $1.65 earnings per share. The company's revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Tractor Supply will post 10.3 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a $1.10 dividend. This is a positive change from Tractor Supply's previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.65%. Tractor Supply's dividend payout ratio is 42.84%.

Insider Transactions at Tractor Supply

In other news, SVP Matthew L. Rubin sold 725 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 5,710 shares of the company's stock, valued at approximately $1,359,493.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction dated Wednesday, February 14th. The shares were 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 owns 22,167 shares of the company's stock, valued at approximately $5,147,842.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew L. Rubin sold 725 shares of Tractor Supply stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $238.09, for a total value of $172,615.25. Following the completion of the transaction, the senior vice president now owns 5,710 shares of the company's stock, valued at approximately $1,359,493.90. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock valued at $21,201,877 over the last 90 days. Company insiders own 0.24% of the company's stock.

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.

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