Tractor Supply Company $TSCO Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,931,699 shares of the specialty retailer’s stock after acquiring an additional 420,731 shares during the quarter. Wellington Management Group LLP owned 4.91% of Tractor Supply worth $1,474,736,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Financial Network Wealth Advisors LLC grew its stake in Tractor Supply by 8.0% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 2,465 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 182 shares in the last quarter. Perigon Wealth Management LLC raised its position in Tractor Supply by 0.6% in the 3rd quarter. Perigon Wealth Management LLC now owns 34,036 shares of the specialty retailer’s stock valued at $1,936,000 after purchasing an additional 200 shares in the last quarter. Colonial Trust Advisors boosted its stake in shares of Tractor Supply by 1.3% in the 2nd quarter. Colonial Trust Advisors now owns 16,489 shares of the specialty retailer’s stock valued at $870,000 after buying an additional 214 shares during the period. Vestmark Advisory Solutions Inc. boosted its stake in shares of Tractor Supply by 5.1% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 4,514 shares of the specialty retailer’s stock valued at $257,000 after buying an additional 218 shares during the period. Finally, Johnson Investment Counsel Inc. grew its position in shares of Tractor Supply by 1.7% during the third quarter. Johnson Investment Counsel Inc. now owns 12,771 shares of the specialty retailer’s stock worth $726,000 after buying an additional 219 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on TSCO. Telsey Advisory Group cut their target price on shares of Tractor Supply from $70.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tractor Supply in a research note on Monday, December 29th. UBS Group set a $55.00 price target on shares of Tractor Supply in a report on Friday, January 30th. Gordon Haskett lowered shares of Tractor Supply from an “accumulate” rating to a “hold” rating and reduced their price objective for the company from $57.00 to $50.00 in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Tractor Supply from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Fifteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.78.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $47.24 on Friday. The stock’s 50-day simple moving average is $52.23 and its 200-day simple moving average is $54.27. The firm has a market capitalization of $24.86 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 2.41 and a beta of 0.72. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two 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 announced its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $4.03 billion. Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share. As a group, equities research analysts forecast that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Tuesday, February 24th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. Tractor Supply’s dividend payout ratio (DPR) is currently 46.38%.

Insider Transactions at Tractor Supply

In other Tractor Supply news, EVP Robert D. Mills sold 62,950 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $54.12, for a total value of $3,406,854.00. Following the completion of the transaction, the executive vice president owned 122,834 shares in the company, valued at $6,647,776.08. This represents a 33.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Colin Yankee sold 11,170 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $55.35, for a total value of $618,259.50. Following the transaction, the executive vice president directly owned 45,515 shares in the company, valued at approximately $2,519,255.25. The trade was a 19.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 222,348 shares of company stock worth $11,959,621. Insiders own 0.65% of the company’s stock.

Tractor Supply Profile

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.