Capital International Sarl Has $1.08 Million Stake in Tractor Supply Company $TSCO

Capital International Sarl cut its position in Tractor Supply Company (NASDAQ:TSCO) by 59.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,052 shares of the specialty retailer’s stock after selling 27,444 shares during the quarter. Capital International Sarl’s holdings in Tractor Supply were worth $1,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSCO. Capital International Inc. CA boosted its position in shares of Tractor Supply by 14.2% during the 3rd quarter. Capital International Inc. CA now owns 420,604 shares of the specialty retailer’s stock worth $23,920,000 after acquiring an additional 52,302 shares in the last quarter. Banque Cantonale Vaudoise raised its position in Tractor Supply by 34.3% during the third quarter. Banque Cantonale Vaudoise now owns 46,932 shares of the specialty retailer’s stock valued at $2,670,000 after purchasing an additional 11,978 shares in the last quarter. Private Advisor Group LLC raised its position in Tractor Supply by 8.7% during the third quarter. Private Advisor Group LLC now owns 60,626 shares of the specialty retailer’s stock valued at $3,448,000 after purchasing an additional 4,877 shares in the last quarter. PFG Advisors bought a new stake in Tractor Supply during the third quarter worth $243,000. Finally, Diversify Advisory Services LLC boosted its holdings in shares of Tractor Supply by 12.0% in the 3rd quarter. Diversify Advisory Services LLC now owns 10,483 shares of the specialty retailer’s stock valued at $550,000 after purchasing an additional 1,121 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial set a $55.00 price target on Tractor Supply and gave the company a “hold” rating in a research note on Friday, January 16th. The Goldman Sachs Group set a $59.00 price objective on Tractor Supply and gave the company a “buy” rating in a research note on Friday, January 30th. Jefferies Financial Group decreased their target price on Tractor Supply from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Morgan Stanley lowered their target price on Tractor Supply from $60.00 to $57.00 and set an “equal weight” rating for the company in a research note on Friday, January 30th. Finally, DA Davidson restated a “buy” rating and issued a $60.00 price target on shares of Tractor Supply in a research note on Friday, January 30th. Fifteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus price target of $59.78.

Insider Buying and Selling

In other news, CFO Kurt D. Barton sold 1,884 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $53.81, for a total value of $101,378.04. Following the completion of the sale, the chief financial officer owned 52,562 shares of the company’s stock, valued at approximately $2,828,361.22. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Harry A. Lawton III sold 84,670 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $53.16, for a total value of $4,501,057.20. Following the transaction, the chief executive officer owned 606,842 shares of the company’s stock, valued at $32,259,720.72. This trade represents a 12.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 222,348 shares of company stock valued at $11,959,621. Corporate insiders own 0.65% of the company’s stock.

Tractor Supply Trading Down 0.7%

Shares of NASDAQ TSCO opened at $50.34 on Wednesday. The firm has a 50 day moving average price of $52.35 and a two-hundred day moving average price of $54.44. The stock has a market cap of $26.50 billion, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 2.54 and a beta of 0.72. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.16 and a current ratio of 1.34.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter last year, the firm posted $0.44 EPS. Tractor Supply’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were given a $0.24 dividend. This is a boost from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.9%. Tractor Supply’s dividend payout ratio is presently 46.38%.

About Tractor Supply

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.