Tractor Supply (NASDAQ:TSCO) Shares Sold by West Oak Capital LLC

West Oak Capital LLC trimmed its stake in Tractor Supply (NASDAQ:TSCO) by 3.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,101 shares of the specialty retailer’s stock after selling 100 shares during the quarter. West Oak Capital LLC’s holdings in Tractor Supply were worth $693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Tractor Supply by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 12,833,541 shares of the specialty retailer’s stock valued at $2,994,964,000 after acquiring an additional 46,672 shares during the period. BlackRock Inc. grew its position in Tractor Supply by 4.4% in the second quarter. BlackRock Inc. now owns 10,080,496 shares of the specialty retailer’s stock worth $2,228,798,000 after buying an additional 429,199 shares during the last quarter. State Street Corp raised its position in shares of Tractor Supply by 2.4% during the second quarter. State Street Corp now owns 4,568,376 shares of the specialty retailer’s stock worth $1,010,068,000 after purchasing an additional 108,622 shares during the period. Wellington Management Group LLP lifted its stake in Tractor Supply by 9,370.6% during the third quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock valued at $573,038,000 after buying an additional 2,792,352 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Tractor Supply by 2.9% in the first quarter. JPMorgan Chase & Co. now owns 2,820,992 shares of the specialty retailer’s stock valued at $663,049,000 after purchasing an additional 79,240 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity at Tractor Supply

In other news, CEO Harry A. Lawton III sold 20,500 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the transaction, the chief executive officer now owns 95,192 shares of the company’s stock, valued at $22,173,072.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Harry A. Lawton III sold 20,500 shares of the stock in a transaction dated Thursday, February 8th. The stock was 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 $22,173,072.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kurt D. Barton sold 401 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the sale, the chief financial officer now owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock valued at $21,201,877 in the last quarter. Insiders own 0.24% of the company’s stock.

Tractor Supply Stock Up 0.2 %

Shares of NASDAQ:TSCO traded up $0.59 during midday trading on Thursday, hitting $261.03. The stock had a trading volume of 162,572 shares, compared to its average volume of 1,183,894. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $268.02. The company has a market cap of $28.17 billion, a P/E ratio of 25.75, a PEG ratio of 3.88 and a beta of 0.84. The business’s 50-day simple moving average is $242.55 and its 200-day simple moving average is $219.60. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82.

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

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a dividend of $1.10 per share. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 annualized dividend and a yield of 1.69%. Tractor Supply’s payout ratio is presently 43.61%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in 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 report on Friday, February 2nd. Telsey Advisory Group lifted their price objective on Tractor Supply from $245.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Wedbush lifted their price objective on Tractor Supply from $200.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Truist Financial increased their target price on shares of Tractor Supply from $230.00 to $256.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, UBS Group boosted their price target on shares of Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $238.91.

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.