Tractor Supply Company $TSCO Shares Sold by VestGen Advisors LLC

VestGen Advisors LLC lowered its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 36.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 29,565 shares of the specialty retailer’s stock after selling 16,685 shares during the period. VestGen Advisors LLC’s holdings in Tractor Supply were worth $925,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in Tractor Supply during the 3rd quarter valued at about $70,000. Generali Asset Management SPA SGR lifted its stake in shares of Tractor Supply by 26.7% in the 3rd quarter. Generali Asset Management SPA SGR now owns 89,111 shares of the specialty retailer’s stock worth $2,788,000 after acquiring an additional 18,804 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Tractor Supply by 3.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 227,008 shares of the specialty retailer’s stock worth $7,103,000 after acquiring an additional 7,720 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of Tractor Supply by 59.0% in the third quarter. Oppenheimer & Co. Inc. now owns 71,820 shares of the specialty retailer’s stock valued at $2,247,000 after acquiring an additional 26,637 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of Tractor Supply in the third quarter valued at approximately $230,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity at Tractor Supply

In related news, Director Andre J. Hawaux bought 3,150 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the transaction, the director directly owned 3,150 shares of the company’s stock, valued at $100,264.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Harry A. Lawton III bought 15,600 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the purchase, the chief executive officer directly owned 15,600 shares in the company, valued at $501,540. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 20,310 shares of company stock worth $652,411 over the last three months. Company insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Mizuho set a $31.00 price objective on Tractor Supply in a report on Friday, October 23rd. BNP Paribas Exane lifted their target price on Tractor Supply from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, October 23rd. Piper Sandler set a $35.00 target price on Tractor Supply in a report on Friday, October 23rd. Guggenheim set a $40.00 price target on shares of Tractor Supply and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Tractor Supply from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $38.62.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO opened at $33.94 on Friday. The business’s 50-day moving average price is $33.29 and its two-hundred day moving average price is $38.27. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.20. Tractor Supply Company has a one year low of $28.36 and a one year high of $56.94. The company has a market capitalization of $17.80 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 3.52 and a beta of 0.52.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Tractor Supply had a net margin of 6.13% and a return on equity of 40.05%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 earnings per share. Analysts anticipate that Tractor Supply Company will post 1.94 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, August 24th. Tractor Supply’s payout ratio is currently 51.61%.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.