Tractor Supply Company $TSCO Shares Sold by Claret Asset Management Corp

Claret Asset Management Corp decreased its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,224 shares of the specialty retailer’s stock after selling 11,773 shares during the quarter. Claret Asset Management Corp’s holdings in Tractor Supply were worth $5,813,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Delos Wealth Advisors LLC acquired a new position in shares of Tractor Supply during the second quarter worth about $26,000. Financial Gravity Companies Inc. purchased a new stake in shares of Tractor Supply during the second quarter worth approximately $38,000. Clayton Financial Group LLC acquired a new stake in Tractor Supply in the third quarter valued at approximately $44,000. First Horizon Corp acquired a new stake in Tractor Supply in the third quarter valued at approximately $44,000. Finally, Evelyn Partners Asset Management Ltd purchased a new position in Tractor Supply in the second quarter worth approximately $46,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on TSCO shares. Zacks Research downgraded shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Piper Sandler decreased their price objective on shares of Tractor Supply from $67.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. JPMorgan Chase & Co. lowered their target price on shares of Tractor Supply from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Morgan Stanley dropped their target price on Tractor Supply from $60.00 to $57.00 and set an “equal weight” rating on the stock in a report on Friday, January 30th. Finally, Telsey Advisory Group cut their price target on Tractor Supply from $70.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Fifteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.78.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $50.67 on Tuesday. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The firm has a market capitalization of $26.67 billion, a P/E ratio of 24.48, a P/E/G ratio of 2.51 and a beta of 0.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 0.16. The company’s fifty day moving average price is $52.35 and its 200 day moving average price is $54.52.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03). The company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $4.03 billion. Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. As a group, sell-side analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be given a $0.24 dividend. This is a boost from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.9%. Tractor Supply’s payout ratio is currently 46.38%.

Insider Activity

In other news, CFO Kurt D. Barton sold 1,929 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $53.94, for a total value of $104,050.26. Following the completion of the sale, the chief financial officer directly owned 44,736 shares of the company’s stock, valued at approximately $2,413,059.84. This represents a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan S. Estep sold 59,745 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.03, for a total transaction of $3,228,022.35. Following the transaction, the executive vice president owned 80,931 shares in the company, valued at approximately $4,372,701.93. This trade represents a 42.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 222,348 shares of company stock worth $11,959,621 over the last ninety days. 0.65% of the stock is owned by corporate insiders.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.