Wedbush Securities Inc. reduced its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,929 shares of the specialty retailer’s stock after selling 1,284 shares during the period. Wedbush Securities Inc.’s holdings in Tractor Supply were worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Calton & Associates Inc. acquired a new position in Tractor Supply during the 4th quarter valued at about $109,000. Global X MANAGEMENT CO LLC increased its position in Tractor Supply by 191.7% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 1,173 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Tractor Supply during the 4th quarter valued at about $187,000. Advisor Partners LLC acquired a new position in Tractor Supply during the 4th quarter valued at about $207,000. Finally, CAPROCK Group Inc. acquired a new position in Tractor Supply during the 4th quarter valued at about $214,000. 87.83% of the stock is currently owned by institutional investors.
In other news, Director Edna Morris sold 1,054 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total value of $70,691.78. Following the sale, the director now owns 10,949 shares in the company, valued at $734,349.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.04. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the business earned $0.94 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. equities research analysts forecast that Tractor Supply will post 4.1 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.60%. Tractor Supply’s payout ratio is 32.73%.
Several research analysts recently issued reports on TSCO shares. Oppenheimer reaffirmed a “hold” rating on shares of Tractor Supply in a research report on Thursday, October 26th. Zacks Investment Research lowered Tractor Supply from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Credit Suisse Group set a $52.00 target price on Tractor Supply and gave the company a “hold” rating in a research report on Thursday, October 26th. Telsey Advisory Group lowered Tractor Supply from an “outperform” rating to a “market perform” rating and upped their target price for the company from $62.00 to $83.00 in a research report on Thursday, January 25th. They noted that the move was a valuation call. Finally, BidaskClub lowered Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Tractor Supply currently has an average rating of “Hold” and a consensus target price of $72.85.
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Tractor Supply Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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