SG Americas Securities LLC Has $21.62 Million Stock Holdings in Tractor Supply Company $TSCO

SG Americas Securities LLC grew its position in Tractor Supply Company (NASDAQ:TSCO) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 432,325 shares of the specialty retailer’s stock after purchasing an additional 60,221 shares during the quarter. SG Americas Securities LLC’s holdings in Tractor Supply were worth $21,621,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TSCO. Bison Wealth LLC grew its stake in Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after buying an additional 5,017 shares during the last quarter. Woodline Partners LP raised its holdings in Tractor Supply by 40.7% in the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after acquiring an additional 13,051 shares during the period. Intech Investment Management LLC lifted its position in Tractor Supply by 26.9% during the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after acquiring an additional 5,542 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Tractor Supply during the second quarter valued at about $1,129,000. Finally, J.W. Cole Advisors Inc. boosted its holdings in Tractor Supply by 6.7% during the second quarter. J.W. Cole Advisors Inc. now owns 15,369 shares of the specialty retailer’s stock valued at $811,000 after acquiring an additional 970 shares during the period. 98.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TSCO has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tractor Supply in a research note on Monday, December 29th. Morgan Stanley decreased 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. Truist Financial set a $55.00 target price on Tractor Supply and gave the company a “hold” rating in a report on Friday, January 16th. Stephens set a $53.00 price target on Tractor Supply and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Finally, Gordon Haskett lowered Tractor Supply from an “accumulate” rating to a “hold” rating and cut their price target for the stock from $57.00 to $50.00 in a report on Thursday, January 8th. Fifteen 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 MarketBeat, Tractor Supply currently has an average rating of “Moderate Buy” and an average price target of $59.78.

Insider Buying and Selling at Tractor Supply

In related news, EVP Jonathan S. Estep sold 59,745 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $54.03, for a total value of $3,228,022.35. Following the completion of the transaction, the executive vice president directly owned 80,931 shares of the company’s stock, valued at $4,372,701.93. This trade represents a 42.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Harry A. Lawton III sold 84,670 shares of Tractor Supply stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $53.16, for a total transaction of $4,501,057.20. Following the sale, the chief executive officer owned 606,842 shares in the company, valued at $32,259,720.72. This represents a 12.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 222,348 shares of company stock valued at $11,959,621 in the last quarter. 0.65% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Down 2.2%

Shares of TSCO opened at $44.87 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.16 and a current ratio of 1.34. The company has a 50-day simple moving average of $51.31 and a 200-day simple moving average of $53.22. Tractor Supply Company has a 52 week low of $44.44 and a 52 week high of $63.99. The firm has a market capitalization of $23.62 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.29 and a beta of 0.72.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share 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 firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period last year, the business earned $0.44 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, February 24th. This is a boost from Tractor Supply’s previous quarterly dividend of $0.23. Tractor Supply’s payout ratio is 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.