Tractor Supply Company $TSCO Position Trimmed by Dearborn Partners LLC

Dearborn Partners LLC decreased its holdings in Tractor Supply Company (NASDAQ:TSCO) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 682,517 shares of the specialty retailer’s stock after selling 19,367 shares during the quarter. Tractor Supply accounts for about 1.8% of Dearborn Partners LLC’s investment portfolio, making the stock its 16th largest position. Dearborn Partners LLC’s holdings in Tractor Supply were worth $38,815,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bison Wealth LLC raised its position in shares of Tractor Supply by 356.1% during the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares during the period. Woodline Partners LP increased its stake in Tractor Supply by 40.7% in the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after purchasing an additional 13,051 shares in the last quarter. Intech Investment Management LLC raised its holdings in Tractor Supply by 26.9% during the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after buying an additional 5,542 shares during the period. Whittier Trust Co. lifted its stake in Tractor Supply by 79.8% during the second quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 399 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Tractor Supply by 6.3% in the second quarter. D.A. Davidson & CO. now owns 60,403 shares of the specialty retailer’s stock worth $3,188,000 after buying an additional 3,575 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 1,929 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 44,736 shares of the company’s stock, valued at $2,413,059.84. This represents a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert D. Mills sold 62,950 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $54.12, for a total value of $3,406,854.00. Following the transaction, the executive vice president owned 122,834 shares in the company, valued at approximately $6,647,776.08. This trade represents a 33.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 222,348 shares of company stock worth $11,959,621 in the last 90 days. Company insiders own 0.65% of the company’s stock.

Tractor Supply Stock Performance

TSCO stock opened at $52.96 on Friday. The firm has a 50 day moving average of $52.41 and a two-hundred day moving average of $55.26. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The company has a market capitalization of $27.98 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 2.60 and a beta of 0.74. The company has a quick ratio of 0.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.70.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03). The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $4.03 billion. Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. As a group, equities analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be paid a dividend of $0.24 per share. This is a boost from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, February 24th. This represents a $0.96 annualized dividend and a dividend yield of 1.8%. Tractor Supply’s dividend payout ratio is currently 44.44%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Mizuho reduced their price target on shares of Tractor Supply from $65.00 to $58.00 and set an “outperform” rating for the company in a research report on Friday, January 30th. Evercore restated an “outperform” rating and issued a $60.00 target price on shares of Tractor Supply in a report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tractor Supply in a research report on Monday, December 29th. The Goldman Sachs Group set a $59.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Telsey Advisory Group dropped their price target on shares of Tractor Supply from $70.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Fifteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.78.

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.