Wrapmanager Inc. Sells 70 Shares of Tractor Supply (NASDAQ:TSCO)

Wrapmanager Inc. reduced its stake in shares of Tractor Supply (NASDAQ:TSCO) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,443 shares of the specialty retailer’s stock after selling 70 shares during the period. Wrapmanager Inc.’s holdings in Tractor Supply were worth $310,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new stake in Tractor Supply during the third quarter worth about $25,000. Pinnacle Bancorp Inc. bought a new position in Tractor Supply in the fourth quarter valued at approximately $28,000. VisionPoint Advisory Group LLC raised its position in Tractor Supply by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 76 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Tractor Supply during the third quarter worth $33,000. Finally, Cetera Trust Company N.A acquired a new stake in shares of Tractor Supply in the 4th quarter valued at $38,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tractor Supply

In related news, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the transaction, the executive vice president now owns 22,167 shares of the company’s stock, valued at $5,147,842.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Kurt D. Barton sold 401 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at approximately $5,804,516.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Robert D. Mills sold 48,334 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the sale, the executive vice president now owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Insiders have sold a total of 62,470 shares of company stock valued at $14,773,121 in the last 90 days. Corporate insiders own 0.58% of the company’s stock.

Tractor Supply Price Performance

Shares of TSCO traded up $3.05 during midday trading on Thursday, hitting $269.70. 610,271 shares of the company traded hands, compared to its average volume of 1,151,836. The stock has a 50-day moving average of $257.31 and a 200-day moving average of $230.83. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. Tractor Supply has a one year low of $185.00 and a one year high of $279.38. The firm has a market cap of $29.11 billion, a P/E ratio of 26.26, a PEG ratio of 3.41 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.13. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.65 EPS. As a group, sell-side analysts predict that Tractor Supply will post 10.3 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.63%. Tractor Supply’s dividend payout ratio is currently 42.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Evercore ISI boosted their price target on Tractor Supply from $275.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Morgan Stanley raised their price target on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. The Goldman Sachs Group upped their price objective on shares of Tractor Supply from $230.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Guggenheim raised their target price on shares of Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Stephens downgraded shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $226.00 to $240.00 in a report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $253.54.

Tractor Supply Profile

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.