Capital International Inc. CA Buys 52,302 Shares of Tractor Supply Company $TSCO

Capital International Inc. CA boosted its stake in Tractor Supply Company (NASDAQ:TSCO) by 14.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 420,604 shares of the specialty retailer’s stock after purchasing an additional 52,302 shares during the quarter. Capital International Inc. CA owned about 0.08% of Tractor Supply worth $23,920,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TSCO. Delos Wealth Advisors LLC bought a new stake in shares of Tractor Supply during the 2nd quarter worth approximately $26,000. Financial Gravity Companies Inc. acquired a new stake in shares of Tractor Supply during the 2nd quarter worth approximately $38,000. Clayton Financial Group LLC bought a new position in Tractor Supply in the third quarter valued at approximately $44,000. First Horizon Corp bought a new position in Tractor Supply in the third quarter valued at approximately $44,000. Finally, Evelyn Partners Asset Management Ltd acquired a new position in Tractor Supply during the second quarter valued at approximately $46,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $50.34 on Wednesday. The company’s 50 day moving average price is $52.35 and its two-hundred day moving average price is $54.44. The firm has a market capitalization of $26.50 billion, a P/E ratio of 24.32, a P/E/G ratio of 2.54 and a beta of 0.72. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 0.16.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results 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). Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter last year, the company posted $0.44 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast 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 was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, February 24th. This is a boost from Tractor Supply’s previous quarterly dividend of $0.23. Tractor Supply’s payout ratio is currently 46.38%.

Insider Transactions at Tractor Supply

In other news, EVP Robert D. Mills sold 62,950 shares of Tractor Supply stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the sale, the executive vice president directly owned 122,834 shares of the company’s stock, valued at approximately $6,647,776.08. This trade represents a 33.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Harry A. Lawton III sold 84,670 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $53.16, for a total value of $4,501,057.20. Following the completion of the transaction, the chief executive officer directly owned 606,842 shares of the company’s stock, valued at $32,259,720.72. This represents a 12.24% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 222,348 shares of company stock valued at $11,959,621. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on TSCO. UBS Group set a $55.00 target price on Tractor Supply in a research note on Friday, January 30th. Citigroup reiterated a “buy” rating and issued a $61.00 price target (down from $66.00) on shares of Tractor Supply in a research note on Friday, January 16th. Telsey Advisory Group lowered their price target on Tractor Supply from $70.00 to $63.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Gordon Haskett downgraded Tractor Supply from an “accumulate” rating to a “hold” rating and dropped their price objective for the stock from $57.00 to $50.00 in a research report on Thursday, January 8th. Finally, Piper Sandler reduced their price objective on Tractor Supply from $67.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $59.78.

Tractor Supply 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.