Global Retirement Partners LLC Lowers Position in Tractor Supply (NASDAQ:TSCO)

Global Retirement Partners LLC decreased its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 14.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,883 shares of the specialty retailer’s stock after selling 843 shares during the period. Global Retirement Partners LLC’s holdings in Tractor Supply were worth $1,421,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in Tractor Supply by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after buying an additional 368,859 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Tractor Supply by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock valued at $303,278,000 after purchasing an additional 110,342 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Tractor Supply by 4.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 800,463 shares of the specialty retailer’s stock worth $216,125,000 after purchasing an additional 37,071 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Tractor Supply by 67.4% during the second quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock valued at $109,002,000 after buying an additional 162,533 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Tractor Supply by 5.6% in the 2nd quarter. Principal Financial Group Inc. now owns 368,161 shares of the specialty retailer’s stock valued at $99,403,000 after buying an additional 19,393 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Down 0.2 %

Shares of NASDAQ:TSCO opened at $297.62 on Friday. The business’s 50 day moving average price is $279.96 and its 200-day moving average price is $271.93. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $307.64. The firm has a market capitalization of $32.09 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 3.81 and a beta of 0.80. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same period last year, the firm posted $3.83 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio is presently 42.84%.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Tractor Supply from $293.00 to $325.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Benchmark reiterated a “buy” rating and set a $280.00 price objective on shares of Tractor Supply in a report on Monday, September 30th. Telsey Advisory Group boosted their target price on Tractor Supply from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday. Melius Research initiated coverage on Tractor Supply in a research note on Monday, September 23rd. They issued a “buy” rating and a $315.00 price target for the company. Finally, Wells Fargo & Company boosted their price target on Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus price target of $272.50.

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.