Argonautica Private Wealth Management Inc. Sells 70 Shares of Tractor Supply (NASDAQ:TSCO)

Argonautica Private Wealth Management Inc. cut its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,235 shares of the specialty retailer’s stock after selling 70 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Tractor Supply were worth $1,771,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Tractor Supply during the third quarter worth about $25,000. Pinnacle Bancorp Inc. bought a new stake in shares of Tractor Supply during the fourth quarter worth about $28,000. VisionPoint Advisory Group LLC increased its position 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 worth $30,000 after acquiring an additional 76 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Tractor Supply during the third quarter worth about $33,000. Finally, Cetera Trust Company N.A bought a new stake in shares of Tractor Supply during the fourth quarter worth about $38,000. 98.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TSCO has been the topic of several analyst reports. TD Cowen boosted their price target on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company boosted their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Raymond James boosted their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday. Mizuho reiterated a “neutral” rating and issued a $250.00 target price (up from $245.00) on shares of Tractor Supply in a research note on Friday. Finally, Wedbush reiterated a “neutral” rating and issued a $235.00 target price on shares of Tractor Supply in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $248.17.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 401 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the completion of the transaction, the chief financial officer now directly owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Jonathan S. Estep sold 7,120 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the completion of the transaction, the executive vice president now directly owns 13,605 shares of the company’s stock, valued at $3,159,897.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 401 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the transaction, the chief financial officer now directly owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,090 shares of company stock valued at $21,201,877. Insiders own 0.24% of the company’s stock.

Tractor Supply Trading Up 3.3 %

Shares of TSCO traded up $8.64 during trading hours on Friday, reaching $273.90. 1,599,528 shares of the company traded hands, compared to its average volume of 1,032,605. The company’s fifty day moving average price is $252.44 and its two-hundred day moving average price is $226.59. The company has a market capitalization of $29.56 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 3.97 and a beta of 0.84. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $274.66.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.13. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 earnings per share. Equities research analysts predict that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a yield of 1.61%. Tractor Supply’s payout ratio is 42.84%.

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.