Motley Fool Asset Management LLC Has $4.85 Million Stock Position in Tractor Supply (NASDAQ:TSCO)

Motley Fool Asset Management LLC reduced its position in shares of Tractor Supply (NASDAQ:TSCO) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 22,575 shares of the specialty retailer’s stock after selling 686 shares during the period. Motley Fool Asset Management LLC’s holdings in Tractor Supply were worth $4,854,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its holdings in shares of Tractor Supply by 27.7% during the third quarter. CWM LLC now owns 3,175 shares of the specialty retailer’s stock worth $645,000 after buying an additional 689 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of Tractor Supply by 13.4% during the third quarter. AE Wealth Management LLC now owns 8,125 shares of the specialty retailer’s stock worth $1,650,000 after buying an additional 960 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Tractor Supply by 160.5% during the third quarter. Exchange Traded Concepts LLC now owns 2,373 shares of the specialty retailer’s stock worth $482,000 after buying an additional 1,462 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Tractor Supply by 10.0% during the third quarter. Private Trust Co. NA now owns 734 shares of the specialty retailer’s stock worth $149,000 after buying an additional 67 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in shares of Tractor Supply by 4.7% during the third quarter. Koshinski Asset Management Inc. now owns 1,993 shares of the specialty retailer’s stock worth $405,000 after buying an additional 89 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Stock Up 2.8 %

Shares of TSCO traded up $7.13 on Thursday, reaching $265.26. The company’s stock had a trading volume of 2,295,194 shares, compared to its average volume of 1,167,099. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $268.02. The stock has a market capitalization of $28.63 billion, a PE ratio of 26.29, a PEG ratio of 3.84 and a beta of 0.84. The firm has a fifty day moving average of $251.70 and a 200-day moving average of $226.10.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.06. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the business posted $2.43 EPS. The firm’s revenue was down 8.6% compared to the same quarter last year. Equities analysts predict that Tractor Supply will post 10.2 EPS for the current year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s dividend payout ratio is currently 43.61%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Evercore ISI lowered their price target on shares of Tractor Supply from $280.00 to $275.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. UBS Group increased their price objective on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Mizuho started coverage on Tractor Supply in a report on Tuesday, March 19th. They issued a “neutral” rating and a $245.00 price objective for the company. Raymond James downgraded Tractor Supply from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from $230.00 to $250.00 in a report on Friday, February 2nd. Finally, Wedbush restated a “neutral” rating and issued a $235.00 price objective on shares of Tractor Supply in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $241.65.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 4,335 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the sale, the chief financial officer now owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Tractor Supply news, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the sale, the executive vice president now owns 22,167 shares in the company, valued at approximately $5,147,842.41. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the sale, the chief financial officer now owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The disclosure for this sale can be found here. Insiders have sold 90,090 shares of company stock worth $21,201,877 in the last quarter. Insiders own 0.24% of the company’s stock.

Tractor Supply Company 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.