Tractor Supply (NASDAQ:TSCO) Shares Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC boosted its stake in Tractor Supply (NASDAQ:TSCO) by 1.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 33,525 shares of the specialty retailer’s stock after purchasing an additional 563 shares during the period. Sagespring Wealth Partners LLC’s holdings in Tractor Supply were worth $1,847,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TSCO. Vanguard Group Inc. grew its stake in shares of Tractor Supply by 392.5% in the fourth quarter. Vanguard Group Inc. now owns 64,033,972 shares of the specialty retailer’s stock valued at $3,397,643,000 after buying an additional 51,031,178 shares in the last quarter. Wellington Management Group LLP lifted its stake in Tractor Supply by 401.8% during the 4th quarter. Wellington Management Group LLP now owns 23,789,249 shares of the specialty retailer’s stock worth $1,262,258,000 after acquiring an additional 19,048,385 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Tractor Supply by 403.3% during the 4th quarter. Alliancebernstein L.P. now owns 22,256,534 shares of the specialty retailer’s stock valued at $1,180,932,000 after acquiring an additional 17,834,643 shares during the period. Capital World Investors grew its position in Tractor Supply by 403.7% in the 4th quarter. Capital World Investors now owns 19,433,135 shares of the specialty retailer’s stock valued at $1,031,122,000 after acquiring an additional 15,575,311 shares in the last quarter. Finally, Capital International Investors grew its position in Tractor Supply by 334.7% in the 4th quarter. Capital International Investors now owns 15,429,288 shares of the specialty retailer’s stock valued at $818,421,000 after acquiring an additional 11,880,010 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Trading Up 0.3%

NASDAQ TSCO opened at $51.69 on Tuesday. The firm’s fifty day moving average price is $50.67 and its 200 day moving average price is $53.28. Tractor Supply has a 12 month low of $46.85 and a 12 month high of $61.53. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.20. The company has a market capitalization of $27.41 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 2.95 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same quarter in the prior year, the company earned $1.83 EPS. The business’s revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Wednesday, May 28th. Tractor Supply’s dividend payout ratio (DPR) is 45.77%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TSCO shares. UBS Group set a $54.00 price target on shares of Tractor Supply in a research report on Friday, April 25th. Telsey Advisory Group set a $60.00 target price on shares of Tractor Supply in a report on Friday, April 25th. Citigroup decreased their price target on shares of Tractor Supply from $59.00 to $51.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Mizuho cut their price objective on Tractor Supply from $62.00 to $58.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Finally, Wall Street Zen cut Tractor Supply from a “hold” rating to a “sell” rating in a research note on Friday, June 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and a consensus target price of $58.02.

Insider Buying and Selling at Tractor Supply

In other news, SVP Matthew L. Rubin sold 2,810 shares of Tractor Supply 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. The trade was a 8.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.65% of the stock is owned by company insiders.

Tractor Supply Company 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.