Massachusetts Financial Services Co. MA Has $143.87 Million Holdings in Tractor Supply (NASDAQ:TSCO)

Massachusetts Financial Services Co. MA reduced its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 669,045 shares of the specialty retailer's stock after selling 162,789 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.62% of Tractor Supply worth $143,865,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Park Avenue Securities LLC purchased a new position in shares of Tractor Supply in the 3rd quarter valued at approximately $554,000. Fifth Third Bancorp raised its stake in Tractor Supply by 4.2% during the third quarter. Fifth Third Bancorp now owns 10,213 shares of the specialty retailer's stock valued at $2,074,000 after buying an additional 416 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in Tractor Supply by 5.6% during the third quarter. New Mexico Educational Retirement Board now owns 5,700 shares of the specialty retailer's stock valued at $1,157,000 after buying an additional 300 shares during the last quarter. Tower Bridge Advisors raised its stake in Tractor Supply by 24.4% during the third quarter. Tower Bridge Advisors now owns 6,440 shares of the specialty retailer's stock valued at $1,308,000 after buying an additional 1,265 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC raised its stake in Tractor Supply by 11.4% during the third quarter. Zevenbergen Capital Investments LLC now owns 4,340 shares of the specialty retailer's stock valued at $881,000 after buying an additional 445 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Colin Yankee sold 8,675 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the sale, the executive vice president now owns 9,673 shares of the company's stock, valued at approximately $2,418,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Kurt D. Barton sold 4,335 shares of the business's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares of the company's stock, valued at $5,314,246. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Colin Yankee sold 8,675 shares of the business's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the sale, the executive vice president now directly owns 9,673 shares in the company, valued at $2,418,250. The disclosure for this sale can be found here. Insiders own 0.24% of the company's stock.

Tractor Supply Trading Up 0.1 %

NASDAQ:TSCO traded up $0.25 during mid-day trading on Thursday, hitting $276.21. 793,007 shares of the stock traded hands, compared to its average volume of 1,134,039. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The firm's 50 day moving average is $259.64 and its two-hundred day moving average is $233.60. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $279.38. The stock has a market capitalization of $29.78 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 3.42 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its 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. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $1.65 earnings per share. On average, equities research analysts predict that Tractor Supply will post 10.33 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, May 24th. Tractor Supply's payout ratio is 42.84%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TSCO. TD Cowen lifted their price objective on Tractor Supply from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, April 26th. Stephens cut Tractor Supply from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $226.00 to $240.00 in a research note on Tuesday, January 23rd. Wells Fargo & Company lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an "overweight" rating in a report on Monday, March 25th. UBS Group lifted their price objective on Tractor Supply from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Friday, February 2nd. Finally, Raymond James lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $253.96.

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.