Tractor Supply (NASDAQ:TSCO) Stock Position Lessened by Union Savings Bank

Union Savings Bank decreased its holdings in Tractor Supply (NASDAQ:TSCO) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,961 shares of the specialty retailer’s stock after selling 146 shares during the quarter. Union Savings Bank’s holdings in Tractor Supply were worth $422,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Private Wealth Management Group LLC acquired a new stake in shares of Tractor Supply in the fourth quarter valued at $27,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Tractor Supply during the fourth quarter valued at $28,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Tractor Supply by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 76 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Tractor Supply during the third quarter valued at $33,000. Finally, Cetera Trust Company N.A purchased a new stake in shares of Tractor Supply during the fourth quarter valued at $38,000. Institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the sale, the chief financial officer now owns 20,678 shares in the company, valued at approximately $5,314,246. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the transaction, the chief financial officer now owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Colin Yankee sold 8,675 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total value of $2,168,750.00. Following the transaction, the executive vice president now owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TSCO. Raymond James upped their target price on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Robert W. Baird upped their target price on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 26th. TD Cowen upped their target price on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, April 26th. Morgan Stanley upped their price target on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Finally, Mizuho reissued a “neutral” rating and set a $250.00 price target (up from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $253.96.

Tractor Supply Stock Down 1.0 %

Shares of NASDAQ TSCO traded down $2.92 during mid-day trading on Wednesday, reaching $282.76. 725,603 shares of the company traded hands, compared to its average volume of 1,147,043. The company’s fifty day moving average is $261.76 and its two-hundred day moving average is $236.09. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $287.89. The stock has a market cap of $30.48 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 3.57 and a beta of 0.82. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts expect that Tractor Supply will post 10.33 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.56%. Tractor Supply’s dividend payout ratio is currently 42.84%.

Tractor Supply Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.