Brown Miller Wealth Management LLC Sells 5,099 Shares of Tractor Supply (NASDAQ:TSCO)

Brown Miller Wealth Management LLC decreased its position in Tractor Supply (NASDAQ:TSCO) by 63.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,985 shares of the specialty retailer’s stock after selling 5,099 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Tractor Supply were worth $642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. OFI Invest Asset Management bought a new position in Tractor Supply in the 3rd quarter worth $25,000. Compass Wealth Management LLC bought a new position in shares of Tractor Supply in the fourth quarter worth about $25,000. Pacific Center for Financial Services acquired a new position in shares of Tractor Supply during the 1st quarter worth about $26,000. ST Germain D J Co. Inc. bought a new stake in Tractor Supply during the 2nd quarter valued at approximately $29,000. Finally, VisionPoint Advisory Group LLC grew its holdings in Tractor Supply by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 76 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO traded up $1.28 during midday trading on Thursday, reaching $261.72. The company’s stock had a trading volume of 646,949 shares, compared to its average volume of 1,192,081. The business’s fifty day simple moving average is $243.18 and its 200-day simple moving average is $219.89. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.28. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $268.02. The company has a market capitalization of $28.24 billion, a P/E ratio of 25.94, a P/E/G ratio of 3.88 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.06. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. Tractor Supply’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.43 earnings per share. As a group, equities research analysts expect that Tractor Supply will post 10.19 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.68%. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s payout ratio is presently 43.61%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group increased their price objective on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Raymond James lowered shares of Tractor Supply from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $230.00 to $250.00 in a research report on Friday, February 2nd. Guggenheim lifted their target price on Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley restated an “underweight” rating and set a $195.00 price target on shares of Tractor Supply in a research note on Tuesday, January 16th. Finally, Telsey Advisory Group raised their price objective on Tractor Supply from $245.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $238.91.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the sale, the chief financial officer now owns 20,678 shares in the company, valued at approximately $5,314,246. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Robert D. Mills sold 48,334 shares of Tractor Supply stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the transaction, the executive vice president now owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kurt D. Barton sold 4,335 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the sale, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 over the last 90 days. 0.24% of the stock is owned by insiders.

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.