Tractor Supply (NASDAQ:TSCO) Shares Sold by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. reduced its holdings in Tractor Supply (NASDAQ:TSCO) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,535 shares of the specialty retailer’s stock after selling 1,422 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Tractor Supply were worth $6,996,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. OFI Invest Asset Management purchased a new position in Tractor Supply in the 3rd quarter worth about $25,000. Pinnacle Bancorp Inc. acquired a new position in shares of Tractor Supply in the fourth quarter worth about $28,000. VisionPoint Advisory Group LLC increased its position in shares of Tractor Supply by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 76 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Tractor Supply during the third quarter valued at approximately $33,000. Finally, Cetera Trust Company N.A purchased a new stake in shares of Tractor Supply in the 4th quarter valued at approximately $38,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays boosted their target price on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday. Wells Fargo & Company increased their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Mizuho reaffirmed a “neutral” rating and issued a $250.00 price target (up from $245.00) on shares of Tractor Supply in a research note on Friday. Stephens lowered Tractor Supply from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $226.00 to $240.00 in a report on Tuesday, January 23rd. Finally, Robert W. Baird boosted their target price on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Tractor Supply has an average rating of “Hold” and an average price target of $245.70.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO traded up $8.22 during trading hours on Friday, hitting $273.48. 991,967 shares of the company’s stock were exchanged, compared to its average volume of 1,164,731. The company’s 50-day moving average price is $251.70 and its 200-day moving average price is $226.10. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $274.66. The stock has a market capitalization of $29.52 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 3.88 and a beta of 0.84. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.28.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the previous year, the business posted $1.65 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, sell-side analysts expect that Tractor Supply will post 10.2 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a $1.10 dividend. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 annualized dividend and a yield of 1.61%. Tractor Supply’s dividend payout ratio is 43.61%.

Insider Activity

In other news, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the transaction, the chief executive officer now owns 95,192 shares in the company, valued at $22,173,072.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Robert D. Mills sold 48,334 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total transaction 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 $5,147,842.41. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Harry A. Lawton III sold 20,500 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the transaction, the chief executive officer now owns 95,192 shares in the company, valued at approximately $22,173,072.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,090 shares of company stock worth $21,201,877. 0.24% of the stock is currently owned by corporate 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.