Grey Fox Wealth Advisors LLC Sells 279 Shares of Tractor Supply Company (NASDAQ:TSCO)

Grey Fox Wealth Advisors LLC decreased its position in Tractor Supply Company (NASDAQ:TSCO) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,181 shares of the specialty retailer’s stock after selling 279 shares during the quarter. Grey Fox Wealth Advisors LLC’s holdings in Tractor Supply were worth $341,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wedmont Private Capital grew its stake in Tractor Supply by 2.5% in the 1st quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer’s stock valued at $450,000 after buying an additional 212 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in Tractor Supply by 30.1% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 213 shares during the last quarter. Procyon Advisors LLC grew its stake in Tractor Supply by 1.7% in the 1st quarter. Procyon Advisors LLC now owns 14,371 shares of the specialty retailer’s stock valued at $792,000 after buying an additional 238 shares during the last quarter. International Assets Investment Management LLC grew its stake in Tractor Supply by 5.5% in the 1st quarter. International Assets Investment Management LLC now owns 4,678 shares of the specialty retailer’s stock valued at $258,000 after buying an additional 242 shares during the last quarter. Finally, Ballentine Partners LLC grew its stake in Tractor Supply by 1.1% in the 1st quarter. Ballentine Partners LLC now owns 22,767 shares of the specialty retailer’s stock valued at $1,254,000 after buying an additional 247 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tractor Supply

In related news, EVP Jonathan S. Estep sold 56,630 shares of Tractor Supply stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $53.00, for a total transaction of $3,001,390.00. Following the completion of the transaction, the executive vice president directly owned 74,605 shares of the company’s stock, valued at $3,954,065. This trade represents a 43.15% 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 2,810 shares of Tractor Supply stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $51.76, for a total transaction of $145,445.60. Following the transaction, the senior vice president directly owned 29,722 shares of the company’s stock, valued at $1,538,410.72. This represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,445 shares of company stock valued at $5,669,742 in the last ninety days. Insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird lowered their target price on shares of Tractor Supply from $63.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Mizuho decreased their price target on shares of Tractor Supply from $62.00 to $58.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Raymond James Financial decreased their price target on shares of Tractor Supply from $61.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Stephens started coverage on shares of Tractor Supply in a research report on Wednesday, April 9th. They issued an “equal weight” rating and a $56.00 price target on the stock. Finally, UBS Group set a $54.00 price target on shares of Tractor Supply in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $58.02.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $58.04 on Tuesday. The company has a 50-day moving average of $52.05 and a 200-day moving average of $53.07. The company has a market capitalization of $30.77 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 3.06 and a beta of 0.75. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $61.53. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.17 and a current ratio of 1.41.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same period in the prior year, the business earned $1.83 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.59%. The ex-dividend date was Wednesday, May 28th. Tractor Supply’s dividend payout ratio is currently 45.77%.

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.