Capital International Inc. CA Has $23.92 Million Stake in Tractor Supply Company $TSCO

Capital International Inc. CA raised its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 14.2% in the 3rd quarter, Holdings Channel reports. The firm owned 420,604 shares of the specialty retailer’s stock after purchasing an additional 52,302 shares during the quarter. Capital International Inc. CA’s holdings in Tractor Supply were worth $23,920,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. lifted its position in shares of Tractor Supply by 123.4% in the 2nd quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock worth $795,735,000 after purchasing an additional 8,329,462 shares during the period. Norges Bank acquired a new stake in shares of Tractor Supply during the second quarter worth $274,959,000. Victory Capital Management Inc. increased its position in shares of Tractor Supply by 719.1% during the third quarter. Victory Capital Management Inc. now owns 4,508,661 shares of the specialty retailer’s stock worth $256,408,000 after buying an additional 3,958,205 shares during the period. Select Equity Group L.P. raised its stake in Tractor Supply by 41.9% during the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after buying an additional 3,753,414 shares during the last quarter. Finally, APG Asset Management N.V. lifted its holdings in Tractor Supply by 505.1% in the third quarter. APG Asset Management N.V. now owns 4,329,556 shares of the specialty retailer’s stock valued at $246,222,000 after buying an additional 3,614,097 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tractor Supply

In related news, EVP Colin Yankee sold 11,170 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 45,515 shares in the company, valued at $2,519,255.25. This trade represents a 19.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan S. Estep sold 59,745 shares of Tractor Supply stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $54.03, for a total transaction of $3,228,022.35. Following the completion of the sale, the executive vice president directly owned 80,931 shares of the company’s stock, valued at approximately $4,372,701.93. The trade was a 42.47% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 222,348 shares of company stock valued at $11,959,621. Company insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of research analyst reports. Argus cut their price target on shares of Tractor Supply from $67.00 to $64.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Zacks Research downgraded Tractor Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Tractor Supply in a research report on Monday, December 29th. Jefferies Financial Group decreased their target price on Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $57.00 target price on shares of Tractor Supply in a report on Friday, January 30th. Fifteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.78.

Tractor Supply Trading Down 0.7%

NASDAQ:TSCO opened at $50.34 on Wednesday. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The company has a current ratio of 1.34, a quick ratio of 0.16 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $26.50 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 2.54 and a beta of 0.72. The firm has a fifty day simple moving average of $52.35 and a two-hundred day simple moving average of $54.44.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data 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). The company had revenue of $3.90 billion for 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%. Tractor Supply’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 EPS. Analysts expect that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were issued a $0.24 dividend. The ex-dividend date was Tuesday, February 24th. This is an increase from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 1.9%. Tractor Supply’s dividend payout ratio is currently 46.38%.

About Tractor Supply

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.