WD Rutherford LLC Has $468,000 Stock Position in Tractor Supply (NASDAQ:TSCO)

WD Rutherford LLC lowered its stake in Tractor Supply (NASDAQ:TSCO) by 2.9% during the fourth quarter, Holdings Channel reports. The firm owned 2,015 shares of the specialty retailer’s stock after selling 60 shares during the period. WD Rutherford LLC’s holdings in Tractor Supply were worth $468,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSCO. CWM LLC lifted its holdings in shares of Tractor Supply by 27.7% during the 3rd quarter. CWM LLC now owns 3,175 shares of the specialty retailer’s stock worth $645,000 after acquiring an additional 689 shares during the period. AE Wealth Management LLC lifted its stake in Tractor Supply by 13.4% during the third quarter. AE Wealth Management LLC now owns 8,125 shares of the specialty retailer’s stock worth $1,650,000 after purchasing an additional 960 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Tractor Supply by 160.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,373 shares of the specialty retailer’s stock valued at $482,000 after purchasing an additional 1,462 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Tractor Supply by 10.0% in the 3rd quarter. Private Trust Co. NA now owns 734 shares of the specialty retailer’s stock valued at $149,000 after purchasing an additional 67 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in shares of Tractor Supply by 4.7% in the 3rd quarter. Koshinski Asset Management Inc. now owns 1,993 shares of the specialty retailer’s stock valued at $405,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Up 3.3 %

Shares of NASDAQ:TSCO opened at $273.90 on Friday. The business’s 50 day simple moving average is $252.44 and its two-hundred day simple moving average is $226.59. The firm has a market cap of $29.56 billion, a P/E ratio of 26.67, a PEG ratio of 3.97 and a beta of 0.84. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.28 and a current ratio of 1.40. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $274.66.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly 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 for the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 earnings per share. As a group, research analysts forecast that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently declared 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 represents a $4.40 annualized dividend and a yield of 1.61%. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s dividend payout ratio is presently 42.84%.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several research analyst reports. TD Cowen raised their price objective on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird raised their price target on shares of Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley upped their price objective on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research report on Friday. Telsey Advisory Group restated an “outperform” rating and issued a $275.00 target price on shares of Tractor Supply in a research report on Thursday. Finally, Barclays upped their price target on shares of Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $248.17.

Insider Activity

In other 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 transaction, the chief financial officer now owns 20,678 shares in the company, valued at $5,314,246. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 transaction, the chief financial officer now owns 20,678 shares in the company, valued at $5,314,246. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the transaction, the executive vice president now owns 22,167 shares in the company, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Insiders have sold 90,090 shares of company stock worth $21,201,877 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

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.