Tractor Supply (NASDAQ:TSCO) Shares Sold by Islay Capital Management LLC

Islay Capital Management LLC decreased its position in shares of Tractor Supply (NASDAQ:TSCO) by 18.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,868 shares of the specialty retailer’s stock after selling 888 shares during the period. Islay Capital Management LLC’s holdings in Tractor Supply were worth $832,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. WCM Investment Management LLC acquired a new stake in Tractor Supply in the 4th quarter valued at about $782,000. LPL Financial LLC raised its position in Tractor Supply by 4.6% in the 3rd quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock valued at $23,122,000 after purchasing an additional 5,014 shares in the last quarter. Impax Asset Management Group plc raised its position 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 valued at $26,194,000 after purchasing an additional 116,330 shares in the last quarter. Simon Quick Advisors LLC raised its position in Tractor Supply by 21.1% in the 3rd quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock valued at $315,000 after purchasing an additional 270 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in Tractor Supply by 32,987.5% in 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 in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling

In related news, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the completion of the transaction, the chief executive officer now directly 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 accessible through the SEC website. In other news, EVP Jonathan S. Estep sold 7,120 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.26, for a total value 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Harry A. Lawton III sold 20,500 shares of the business’s stock in a transaction 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 directly owns 95,192 shares of the company’s stock, valued at $22,173,072.56. 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. 0.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Mizuho reaffirmed a “neutral” rating and issued a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a research report on Friday. Telsey Advisory Group reiterated an “outperform” rating and issued a $275.00 price objective on shares of Tractor Supply in a report on Thursday, April 25th. Piper Sandler increased their price objective on Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a report on Monday. Guggenheim increased their price objective on Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, TD Cowen increased their price objective on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Tractor Supply currently has a consensus rating of “Hold” and an average price target of $250.00.

Tractor Supply Price Performance

Shares of TSCO traded down $3.89 during mid-day trading on Tuesday, hitting $273.99. The company’s stock had a trading volume of 402,220 shares, compared to its average volume of 1,161,336. The firm has a 50-day simple moving average of $253.27 and a 200 day simple moving average of $227.47. The firm has a market capitalization of $29.57 billion, a P/E ratio of 27.06, a P/E/G ratio of 3.47 and a beta of 0.84. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $279.38. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data 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 firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. Tractor Supply’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 earnings per share. Analysts predict that Tractor Supply will post 10.26 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were issued a dividend of $1.10 per share. The ex-dividend date 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 currently 42.84%.

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.