TBH Global Asset Management LLC Has $321,000 Holdings in Tractor Supply (NASDAQ:TSCO)

TBH Global Asset Management LLC lowered its position in Tractor Supply (NASDAQ:TSCO - Free Report) by 74.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,493 shares of the specialty retailer's stock after selling 4,239 shares during the period. TBH Global Asset Management LLC's holdings in Tractor Supply were worth $321,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TSCO. Private Wealth Management Group LLC purchased a new position in Tractor Supply during the fourth quarter worth about $27,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Tractor Supply during the fourth quarter worth approximately $28,000. VisionPoint Advisory Group LLC increased its position 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 valued at $30,000 after purchasing an additional 76 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Tractor Supply in the third quarter valued at $33,000. Finally, Cetera Trust Company N.A purchased a new stake in Tractor Supply during the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Insider Buying and Selling at Tractor Supply

In related news, CFO Kurt D. Barton sold 4,335 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 20,678 shares of the company's stock, valued at $5,314,246. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Tractor Supply news, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction dated Wednesday, February 28th. The stock was 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 in the company, valued at approximately $2,418,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kurt D. Barton sold 4,335 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 20,678 shares of the company's stock, valued at approximately $5,314,246. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on TSCO shares. Evercore ISI upped their target price on shares of Tractor Supply from $285.00 to $290.00 and gave the company an "outperform" rating in a report on Tuesday, May 14th. 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 report on Friday, February 2nd. UBS Group raised 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. Wells Fargo & Company upped their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the company an "overweight" rating in a research report on Monday, March 25th. Finally, Guggenheim raised their price objective 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 fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $253.96.

Tractor Supply Price Performance

Shares of TSCO traded down $0.16 during mid-day trading on Friday, reaching $282.00. 790,018 shares of the company's stock were exchanged, compared to its average volume of 1,055,060. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $287.89. The company has a market cap of $30.40 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 3.69 and a beta of 0.82. The company has a 50-day simple moving average of $263.43 and a two-hundred day simple moving average of $237.58.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. Tractor Supply's quarterly revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts predict that Tractor Supply will post 10.33 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, May 24th. Tractor Supply's payout ratio is 42.84%.

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.