Tractor Supply (NASDAQ:TSCO) Shares Sold by Clean Yield Group

Clean Yield Group cut its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 4.9% in the first quarter, HoldingsChannel reports. The firm owned 9,645 shares of the specialty retailer’s stock after selling 500 shares during the period. Clean Yield Group’s holdings in Tractor Supply were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Smithfield Trust Co raised its position in shares of Tractor Supply by 286.2% in the fourth quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 352 shares during the period. Coppell Advisory Solutions LLC increased its stake in shares of Tractor Supply by 944.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 425 shares in the last quarter. PrairieView Partners LLC increased its stake in shares of Tractor Supply by 400.0% during the fourth quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 400 shares in the last quarter. Archer Investment Corp increased its stake in shares of Tractor Supply by 400.0% during the fourth quarter. Archer Investment Corp now owns 500 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 400 shares in the last quarter. Finally, Kentucky Trust Co purchased a new stake in shares of Tractor Supply during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of TSCO opened at $50.94 on Friday. Tractor Supply has a twelve month low of $46.85 and a twelve month high of $61.53. The firm’s fifty day simple moving average is $50.69 and its 200-day simple moving average is $53.51. The firm has a market capitalization of $27.01 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.95 and a beta of 0.74. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same quarter in the previous year, the business posted $1.83 earnings per share. Tractor Supply’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts forecast that Tractor Supply will post 2.17 EPS for the current fiscal year.

Tractor Supply Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Wednesday, May 28th. Tractor Supply’s dividend payout ratio (DPR) is 45.77%.

Tractor Supply declared that its board has approved a share buyback plan on Thursday, February 13th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSCO. Wall Street Zen cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Friday. Telsey Advisory Group set a $60.00 target price on shares of Tractor Supply in a research note on Friday, April 25th. UBS Group set a $54.00 price objective on shares of Tractor Supply in a research note on Friday, April 25th. Robert W. Baird dropped their price objective on shares of Tractor Supply from $63.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Finally, Raymond James dropped their price objective on shares of Tractor Supply from $61.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Tractor Supply currently has a consensus rating of “Moderate Buy” and an average target price of $58.02.

Insider Activity at Tractor Supply

In related news, SVP Matthew L. Rubin sold 2,810 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $51.76, for a total value of $145,445.60. Following the transaction, the senior vice president now directly owns 29,722 shares of the company’s stock, valued at $1,538,410.72. This trade represents a 8.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.65% of the company’s stock.

About Tractor Supply

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.