Tractor Supply Company $TSCO Stock Position Reduced by VestGen Advisors LLC

VestGen Advisors LLC lessened its position in Tractor Supply Company (NASDAQ:TSCO) by 36.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,565 shares of the specialty retailer’s stock after selling 16,685 shares during the quarter. VestGen Advisors LLC’s holdings in Tractor Supply were worth $925,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TSCO. Elevation Wealth Partners LLC boosted its position in Tractor Supply by 1,253.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 727 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Tractor Supply in the second quarter worth $26,000. Community Financial Services Group LLC increased its position in shares of Tractor Supply by 3,240.0% during the second quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 810 shares during the period. Bullseye Investment Management LLC purchased a new stake in shares of Tractor Supply during the second quarter worth $31,000. Finally, Pingora Partners LLC acquired a new stake in shares of Tractor Supply in the second quarter valued at $32,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TSCO. Wall Street Zen upgraded Tractor Supply from a “sell” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group reiterated a “buy” rating and issued a $38.00 price objective (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. Piper Sandler set a $35.00 price objective on Tractor Supply in a research note on Friday, October 23rd. TD Cowen reissued a “hold” rating and set a $36.00 price objective (up from $34.00) on shares of Tractor Supply in a research report on Friday, October 23rd. Finally, Zacks Research upgraded shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Tractor Supply has a consensus rating of “Hold” and a consensus target price of $38.62.

Insider Transactions at Tractor Supply

In other news, Director Edna Morris acquired 1,560 shares of Tractor Supply stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $32.44 per share, with a total value of $50,606.40. Following the completion of the purchase, the director owned 279,720 shares of the company’s stock, valued at approximately $9,074,116.80. This represents a 0.56% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andre J. Hawaux bought 3,150 shares of Tractor Supply stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the transaction, the director directly owned 3,150 shares of the company’s stock, valued at $100,264.50. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 20,310 shares of company stock valued at $652,411 in the last ninety days. Corporate insiders own 0.64% of the company’s stock.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $33.94 on Friday. The stock’s 50-day moving average price is $33.29 and its 200 day moving average price is $38.27. The company has a quick ratio of 0.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $17.80 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 3.52 and a beta of 0.52. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $56.94.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, October 22nd. The specialty retailer reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Tractor Supply had a net margin of 6.13% and a return on equity of 40.05%. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. Tractor Supply’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Tractor Supply Company will post 1.94 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is 51.61%.

About Tractor Supply

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.