Woodstock Corp Lowers Position in Tractor Supply (NASDAQ:TSCO)


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Woodstock Corp trimmed its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 1.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,874 shares of the specialty retailer’s stock after selling 608 shares during the quarter. Woodstock Corp’s holdings in Tractor Supply were worth $5,644,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Perigon Wealth Management LLC purchased a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $29,000. Accel Wealth Management purchased a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $31,000. Jacobi Capital Management LLC increased its position in shares of Tractor Supply by 43.8% during the fourth quarter. Jacobi Capital Management LLC now owns 243 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 74 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of Tractor Supply by 124.3% during the fourth quarter. Arkadios Wealth Advisors now owns 249 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 138 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its position in shares of Tractor Supply by 3,462.5% during the fourth quarter. Simon Quick Advisors LLC now owns 285 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 277 shares during the last quarter. 88.26% of the stock is owned by institutional investors.

In other Tractor Supply news, SVP Christi C. Korzekwa sold 3,585 shares of the firm’s stock in a transaction dated Wednesday, February 17th. The stock was sold at an average price of $165.00, for a total transaction of $591,525.00. Following the sale, the senior vice president now owns 14,976 shares in the company, valued at $2,471,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John P. Ordus sold 14,047 shares of the firm’s stock in a transaction dated Friday, January 15th. The shares were sold at an average price of $159.75, for a total value of $2,244,008.25. Following the sale, the executive vice president now owns 9,584 shares in the company, valued at approximately $1,531,044. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

NASDAQ:TSCO traded down $1.22 during trading hours on Thursday, hitting $175.84. 7,215 shares of the company’s stock traded hands, compared to its average volume of 1,283,363. The firm has a market cap of $20.43 billion, a P/E ratio of 27.49, a P/E/G ratio of 2.03 and a beta of 0.96. Tractor Supply has a 52 week low of $85.22 and a 52 week high of $180.85. The business’s fifty day simple moving average is $168.64 and its two-hundred day simple moving average is $149.80. The company has a quick ratio of 0.59, a current ratio of 1.49 and a debt-to-equity ratio of 0.30.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, January 27th. The specialty retailer reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.13. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.72 billion. Tractor Supply had a return on equity of 46.65% and a net margin of 7.62%. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the company earned $1.21 earnings per share. On average, analysts expect that Tractor Supply will post 6.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 9th. Investors of record on Monday, February 22nd were paid a dividend of $0.52 per share. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, February 19th. This represents a $2.08 annualized dividend and a yield of 1.18%. Tractor Supply’s dividend payout ratio (DPR) is currently 44.44%.

A number of analysts recently commented on the company. Citigroup assumed coverage on Tractor Supply in a research report on Monday, March 15th. They set a “neutral” rating and a $158.00 price target for the company. Raymond James increased their price objective on Tractor Supply from $170.00 to $175.00 and gave the company a “strong-buy” rating in a report on Friday, January 29th. The Goldman Sachs Group increased their price objective on Tractor Supply from $170.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, February 25th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on Tractor Supply in a report on Monday, March 15th. They set a “neutral” rating and a $158.00 price objective for the company. Finally, Guggenheim raised Tractor Supply from a “neutral” rating to a “buy” rating and increased their price objective for the company from $180.00 to $200.00 in a report on Wednesday. Eighteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and an average target price of $150.08.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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