Handelsbanken Fonder AB Has $10.37 Million Stock Holdings in Tractor Supply Company $TSCO

Handelsbanken Fonder AB grew its position in Tractor Supply Company (NASDAQ:TSCO) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,337 shares of the specialty retailer’s stock after purchasing an additional 11,579 shares during the quarter. Handelsbanken Fonder AB’s holdings in Tractor Supply were worth $10,370,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Delos Wealth Advisors LLC acquired a new position in Tractor Supply in the 2nd quarter valued at $26,000. Financial Gravity Companies Inc. acquired a new position in Tractor Supply during the 2nd quarter worth $38,000. Clayton Financial Group LLC bought a new stake in Tractor Supply during the third quarter valued at about $44,000. First Horizon Corp bought a new stake in Tractor Supply during the third quarter valued at about $44,000. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in shares of Tractor Supply in the second quarter valued at about $46,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TSCO has been the subject of several recent analyst reports. Wall Street Zen downgraded Tractor Supply from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a research report on Monday, December 29th. Telsey Advisory Group lowered their price objective 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. Wolfe Research reiterated an “outperform” rating and set a $57.00 target price on shares of Tractor Supply in a research note on Friday, January 30th. Finally, DA Davidson reissued a “buy” rating and issued a $60.00 price target on shares of Tractor Supply in a report on Friday, January 30th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Tractor Supply currently has an average rating of “Moderate Buy” and an average price target of $59.78.

Insider Activity

In other news, EVP Colin Yankee sold 11,170 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $55.35, for a total value of $618,259.50. Following the completion of the transaction, the executive vice president directly owned 45,515 shares of the company’s stock, valued at approximately $2,519,255.25. This represents a 19.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kurt D. Barton sold 1,929 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $53.94, for a total value of $104,050.26. Following the completion of the sale, the chief financial officer directly owned 44,736 shares in the company, valued at approximately $2,413,059.84. This represents a 4.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 222,348 shares of company stock valued at $11,959,621. 0.65% of the stock is owned by company insiders.

Tractor Supply Stock Up 1.3%

Shares of TSCO stock opened at $51.84 on Monday. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 0.16. The stock has a fifty day moving average price of $52.40 and a 200 day moving average price of $54.94. The stock has a market cap of $27.29 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 2.60 and a beta of 0.72.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results 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 the consensus estimate of $4.03 billion. Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. Analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.9%. This is a boost from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, February 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 46.38%.

Tractor Supply Company 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.