Motley Fool Wealth Management LLC Sells 539 Shares of Tractor Supply (NASDAQ:TSCO)

Motley Fool Wealth Management LLC reduced its stake in shares of Tractor Supply (NASDAQ:TSCO) by 1.5% in the 4th quarter, Holdings Channel reports. The firm owned 35,692 shares of the specialty retailer’s stock after selling 539 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Tractor Supply were worth $7,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WCM Investment Management LLC bought a new stake in shares of Tractor Supply in the 4th quarter worth $782,000. LPL Financial LLC grew its holdings in shares of Tractor Supply by 4.6% in the third quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock valued at $23,122,000 after acquiring an additional 5,014 shares in the last quarter. Impax Asset Management Group plc increased its position in shares of Tractor Supply by 2,120.1% during the fourth quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock valued at $26,194,000 after acquiring an additional 116,330 shares during the last quarter. Simon Quick Advisors LLC boosted its position in Tractor Supply by 21.1% in the third quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock worth $315,000 after purchasing an additional 270 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Tractor Supply by 32,987.5% during the 4th quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock valued at $58,128,000 after purchasing an additional 269,508 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 traded up $8.64 during mid-day trading on Friday, hitting $273.90. 1,599,528 shares of the stock traded hands, compared to its average volume of 1,032,605. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.28 and a current ratio of 1.40. The company has a market cap of $29.56 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 4.10 and a beta of 0.84. The stock has a fifty day moving average price of $252.44 and a 200-day moving average price of $226.74. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $274.66.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the company posted $1.65 EPS. Tractor Supply’s revenue was up 2.8% on a year-over-year basis. Research analysts anticipate that Tractor Supply will post 10.26 EPS for the current year.

Tractor Supply Increases Dividend

The business 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. This represents a $4.40 annualized dividend and a yield of 1.61%. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. Tractor Supply’s payout ratio is 42.84%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. Wedbush reissued a “neutral” rating and issued a $235.00 target price on shares of Tractor Supply in a research report on Tuesday, April 23rd. Mizuho reiterated a “neutral” rating and set a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a research note on Friday. Guggenheim upped their price objective on shares of Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Truist Financial upped their price target on shares of Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a research note 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, Tractor Supply currently has an average rating of “Hold” and an average target price of $248.17.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction 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 completion of the sale, the executive vice president now directly owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,090 shares of company stock valued at $21,201,877. Insiders own 0.24% of the company’s stock.

About Tractor Supply

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.