Parkside Financial Bank & Trust Sells 124 Shares of Tractor Supply (NASDAQ:TSCO)

Parkside Financial Bank & Trust lowered its position in shares of Tractor Supply (NASDAQ:TSCO) by 33.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 244 shares of the specialty retailer’s stock after selling 124 shares during the period. Parkside Financial Bank & Trust’s holdings in Tractor Supply were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in TSCO. OFI Invest Asset Management bought a new position in shares of Tractor Supply during the third quarter worth approximately $25,000. Pinnacle Bancorp Inc. bought a new position in Tractor Supply during the 4th quarter worth $28,000. VisionPoint Advisory Group LLC increased its stake in Tractor Supply by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 76 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in Tractor Supply during the 3rd quarter worth $33,000. Finally, Cetera Trust Company N.A bought a new position in Tractor Supply during the 4th quarter worth $38,000. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barclays raised their price objective on Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday. Guggenheim raised their price objective on Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Benchmark restated a “buy” rating and set a $256.00 price objective on shares of Tractor Supply in a research note on Monday, April 22nd. Evercore ISI raised their price objective on Tractor Supply from $275.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Raymond James raised their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $248.17.

Tractor Supply Trading Up 3.3 %

NASDAQ TSCO opened at $273.90 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $274.66. The company has a market cap of $29.56 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 3.97 and a beta of 0.84. The business’s fifty day moving average is $252.44 and its 200 day moving average is $226.59.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. Tractor Supply’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $1.65 EPS. As a group, sell-side analysts expect that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, February 23rd. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a yield of 1.61%. Tractor Supply’s payout ratio is presently 42.84%.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the transaction, the chief financial officer now directly owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Robert D. Mills sold 48,334 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the transaction, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 401 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at $5,804,516.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,090 shares of company stock valued at $21,201,877. 0.24% of the stock is currently owned by company insiders.

About Tractor Supply

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.