Tractor Supply (NASDAQ:TSCO) Stock Holdings Trimmed by Trust Investment Advisors

Trust Investment Advisors reduced its stake in shares of Tractor Supply (NASDAQ:TSCO) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,760 shares of the specialty retailer’s stock after selling 75 shares during the quarter. Tractor Supply comprises about 1.1% of Trust Investment Advisors’ investment portfolio, making the stock its 28th largest holding. Trust Investment Advisors’ holdings in Tractor Supply were worth $1,454,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Waterfront Wealth Inc. increased its stake in Tractor Supply by 1.9% during the 4th quarter. Waterfront Wealth Inc. now owns 3,718 shares of the specialty retailer’s stock valued at $800,000 after buying an additional 71 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Tractor Supply by 82.6% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 272 shares of the specialty retailer’s stock valued at $58,000 after acquiring an additional 123 shares in the last quarter. TRUE Private Wealth Advisors increased its stake in shares of Tractor Supply by 51.1% during the fourth quarter. TRUE Private Wealth Advisors now owns 1,594 shares of the specialty retailer’s stock valued at $343,000 after acquiring an additional 539 shares during the period. Allen Capital Group LLC raised its holdings in Tractor Supply by 20.8% during the fourth quarter. Allen Capital Group LLC now owns 10,718 shares of the specialty retailer’s stock worth $2,305,000 after purchasing an additional 1,849 shares in the last quarter. Finally, Eads & Heald Wealth Management lifted its position in Tractor Supply by 3.5% in the fourth quarter. Eads & Heald Wealth Management now owns 7,038 shares of the specialty retailer’s stock worth $1,513,000 after purchasing an additional 235 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Guggenheim lifted their price target on Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Mizuho initiated coverage on shares of Tractor Supply in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $245.00 price target on the stock. Stephens downgraded shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $226.00 to $240.00 in a report on Tuesday, January 23rd. The Goldman Sachs Group lifted their price objective on shares of Tractor Supply from $230.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Truist Financial boosted their target price on shares of Tractor Supply from $256.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Tractor Supply presently has an average rating of “Hold” and an average target price of $240.57.

Insider Activity

In related news, EVP Colin Yankee sold 8,675 shares of the 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 in the company, valued at $2,418,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the sale, the chief executive officer now owns 95,192 shares of the company’s stock, valued at approximately $22,173,072.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Colin Yankee sold 8,675 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the completion of the sale, the executive vice president now owns 9,673 shares of the company’s stock, valued at $2,418,250. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 in the last three months. 0.24% of the stock is owned by insiders.

Tractor Supply Stock Down 0.0 %

TSCO stock traded down $0.04 during midday trading on Thursday, reaching $247.35. The company had a trading volume of 821,204 shares, compared to its average volume of 1,151,747. The company has a 50 day moving average of $249.23 and a two-hundred day moving average of $224.12. The company has a market capitalization of $26.70 billion, a P/E ratio of 24.51, a PEG ratio of 3.68 and a beta of 0.84. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $268.02. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.06. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. Tractor Supply’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the company earned $2.43 earnings per share. On average, equities research analysts expect that Tractor Supply will post 10.19 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.78%. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. Tractor Supply’s payout ratio is currently 43.61%.

Tractor Supply Company 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.