WD Rutherford LLC Sells 2,140 Shares of Tractor Supply (NASDAQ:TSCO)

WD Rutherford LLC lowered its position in Tractor Supply (NASDAQ:TSCO) by 28.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,400 shares of the specialty retailer’s stock after selling 2,140 shares during the period. WD Rutherford LLC’s holdings in Tractor Supply were worth $275,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Grove Bank & Trust boosted its stake in shares of Tractor Supply by 3,388.2% in the first quarter. Grove Bank & Trust now owns 2,965 shares of the specialty retailer’s stock worth $163,000 after acquiring an additional 2,880 shares during the period. Signature Wealth Management Group boosted its stake in Tractor Supply by 1.6% in the 1st quarter. Signature Wealth Management Group now owns 37,889 shares of the specialty retailer’s stock worth $2,088,000 after purchasing an additional 580 shares during the period. QRG Capital Management Inc. grew its holdings in Tractor Supply by 1.1% during the 1st quarter. QRG Capital Management Inc. now owns 62,808 shares of the specialty retailer’s stock valued at $3,461,000 after buying an additional 664 shares in the last quarter. Sagespring Wealth Partners LLC grew its holdings in Tractor Supply by 1.7% during the 1st quarter. Sagespring Wealth Partners LLC now owns 33,525 shares of the specialty retailer’s stock valued at $1,847,000 after buying an additional 563 shares in the last quarter. Finally, Great Lakes Retirement Inc. bought a new stake in shares of Tractor Supply during the first quarter valued at approximately $1,320,000. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of research reports. Guggenheim dropped their target price on shares of Tractor Supply from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, April 25th. UBS Group set a $54.00 target price on Tractor Supply in a report on Friday, April 25th. Mizuho decreased their target price 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. Robert W. Baird cut their price target on Tractor Supply from $63.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Tractor Supply from $59.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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 stock was sold at an average price of $51.76, for a total transaction of $145,445.60. Following the completion of the sale, the senior vice president now directly owns 29,722 shares in the company, valued at approximately $1,538,410.72. This trade represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is currently owned by corporate insiders.

Tractor Supply Price Performance

Tractor Supply stock opened at $51.69 on Tuesday. Tractor Supply has a 12-month low of $46.85 and a 12-month high of $61.53. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average price of $50.67 and a 200-day moving average price of $53.28. The firm has a market capitalization of $27.41 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.95 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO) last announced 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 return on equity of 49.01% and a net margin of 7.40%. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same period in the previous year, the business earned $1.83 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Wednesday, May 28th. Tractor Supply’s payout ratio is currently 45.77%.

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.