Transcend Capital Advisors LLC Lowers Holdings in Tractor Supply (NASDAQ:TSCO)

Transcend Capital Advisors LLC lowered its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 21.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,475 shares of the specialty retailer’s stock after selling 923 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Tractor Supply were worth $747,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSCO. WCM Investment Management LLC bought a new position in shares of Tractor Supply during the 4th quarter valued at about $782,000. LPL Financial LLC grew its holdings in Tractor Supply by 4.6% during the 3rd quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock valued at $23,122,000 after buying an additional 5,014 shares in the last quarter. Impax Asset Management Group plc increased its stake in Tractor Supply by 2,120.1% in the 4th quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock worth $26,194,000 after acquiring an additional 116,330 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in shares of Tractor Supply by 21.1% during the 3rd quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock worth $315,000 after acquiring an additional 270 shares in the last quarter. Finally, International Assets Investment Management LLC boosted 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 acquiring an additional 269,508 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of TSCO stock opened at $273.90 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. The company has a market capitalization of $29.56 billion, a P/E ratio of 26.67, a P/E/G ratio of 3.47 and a beta of 0.84. The company’s 50-day simple moving average is $252.44 and its two-hundred day simple moving average is $226.90. Tractor Supply has a one year low of $185.00 and a one year high of $274.66.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data 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 firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the firm earned $1.65 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities analysts anticipate that Tractor Supply will post 10.26 EPS for the current year.

Tractor Supply Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, February 23rd. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.84%.

Insider Activity

In related news, SVP Matthew L. Rubin sold 725 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $238.09, for a total transaction of $172,615.25. Following the completion of the sale, the senior vice president now owns 5,710 shares of the company’s stock, valued at $1,359,493.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tractor Supply news, SVP Matthew L. Rubin sold 725 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $238.09, for a total value of $172,615.25. Following the completion of the transaction, the senior vice president now owns 5,710 shares of the company’s stock, valued at $1,359,493.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the completion of the transaction, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,090 shares of company stock worth $21,201,877. Corporate insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TSCO. UBS Group boosted their price target on shares of Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. The Goldman Sachs Group upped their target price on shares of Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Guggenheim upped their target price on shares of Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Mizuho restated a “neutral” rating and set a $250.00 target price (up from $245.00) on shares of Tractor Supply in a research report on Friday. Finally, Benchmark restated a “buy” rating and set a $256.00 target price on shares of Tractor Supply in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $248.17.

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.