Tractor Supply (NASDAQ:TSCO) Shares Sold by JGP Wealth Management LLC

JGP Wealth Management LLC decreased its position in Tractor Supply (NASDAQ:TSCO) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,230 shares of the specialty retailer’s stock after selling 356 shares during the quarter. Tractor Supply comprises approximately 2.0% of JGP Wealth Management LLC’s holdings, making the stock its 13th largest position. JGP Wealth Management LLC’s holdings in Tractor Supply were worth $15,195,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Signature Wealth Management Group grew its holdings in shares of Tractor Supply by 0.5% in the 2nd quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock worth $1,890,000 after acquiring an additional 38 shares during the last quarter. X Square Capital LLC boosted its position in shares of Tractor Supply by 1.6% in the second quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock worth $696,000 after buying an additional 41 shares during the period. Eads & Heald Wealth Management raised its position in Tractor Supply by 0.6% during the second quarter. Eads & Heald Wealth Management now owns 7,040 shares of the specialty retailer’s stock valued at $1,901,000 after buying an additional 42 shares during the period. Whittier Trust Co. boosted its stake in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 42 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in Tractor Supply by 1.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,464 shares of the specialty retailer’s stock worth $935,000 after purchasing an additional 42 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Benchmark restated a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a report on Monday, September 30th. Loop Capital upped their target price on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Citigroup raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. UBS Group upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Melius Research assumed coverage on shares of Tractor Supply in a report on Monday, September 23rd. They issued a “buy” rating and a $315.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus price target of $263.00.

Tractor Supply Price Performance

Shares of TSCO traded up $5.61 during trading hours on Friday, hitting $302.95. The stock had a trading volume of 152,376 shares, compared to its average volume of 1,052,778. The stock has a market capitalization of $32.68 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 3.78 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. The company’s fifty day moving average is $274.67 and its two-hundred day moving average is $270.21. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $305.99.

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

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were given a dividend of $1.10 per share. The ex-dividend date was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.45%. Tractor Supply’s dividend payout ratio (DPR) is 42.43%.

Insiders Place Their Bets

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

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.