Tractor Supply Company $TSCO Shares Acquired by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lifted its position in Tractor Supply Company (NASDAQ:TSCO) by 21.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,157 shares of the specialty retailer’s stock after purchasing an additional 25,702 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Tractor Supply were worth $8,255,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Groupama Asset Managment purchased a new stake in Tractor Supply in the third quarter valued at approximately $585,000. Trust Investment Advisors raised its position in Tractor Supply by 1.2% during the 3rd quarter. Trust Investment Advisors now owns 30,488 shares of the specialty retailer’s stock worth $1,734,000 after buying an additional 351 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Tractor Supply during the 3rd quarter valued at approximately $4,159,000. WBI Investments LLC acquired a new stake in Tractor Supply during the 3rd quarter valued at approximately $389,000. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Tractor Supply by 2.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 18,366 shares of the specialty retailer’s stock valued at $1,044,000 after acquiring an additional 365 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on TSCO shares. DA Davidson reissued a “buy” rating and set a $60.00 target price on shares of Tractor Supply in a report on Friday, January 30th. Piper Sandler cut their price target on Tractor Supply from $67.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday, January 30th. Gordon Haskett lowered Tractor Supply from an “accumulate” rating to a “hold” rating and reduced their price objective for the company from $57.00 to $50.00 in a research note on Thursday, January 8th. Truist Financial set a $55.00 target price on Tractor Supply and gave the stock a “hold” rating in a research note on Friday, January 16th. Finally, Stephens set a $53.00 target price on Tractor Supply and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. Fifteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.78.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $45.77 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.16 and a debt-to-equity ratio of 0.70. Tractor Supply Company has a 12-month low of $45.45 and a 12-month high of $63.99. The business’s 50 day moving average is $51.86 and its two-hundred day moving average is $53.74. The company has a market capitalization of $24.09 billion, a P/E ratio of 22.11, a P/E/G ratio of 2.31 and a beta of 0.72.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.03). Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.24 per share. This is an increase from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, February 24th. Tractor Supply’s dividend payout ratio is presently 46.38%.

Insider Transactions at Tractor Supply

In related news, CEO Harry A. Lawton III sold 84,670 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $53.16, for a total value of $4,501,057.20. Following the completion of the transaction, the chief executive officer directly owned 606,842 shares of the company’s stock, valued at approximately $32,259,720.72. This represents a 12.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 1,929 shares of Tractor Supply stock in a transaction on Friday, February 6th. The stock was sold at an average price of $53.94, for a total transaction of $104,050.26. Following the sale, the chief financial officer directly owned 44,736 shares in the company, valued at approximately $2,413,059.84. This trade represents a 4.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 222,348 shares of company stock worth $11,959,621 in the last three months. 0.65% of the stock is owned by corporate insiders.

Tractor Supply Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.