Tractor Supply Company (NASDAQ:TSCO) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC decreased its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 8.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,837 shares of the specialty retailer’s stock after selling 10,507 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Tractor Supply were worth $6,107,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Wedmont Private Capital grew its stake in shares of Tractor Supply by 2.5% during the first quarter. Wedmont Private Capital now owns 8,714 shares of the specialty retailer’s stock valued at $450,000 after acquiring an additional 212 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Tractor Supply by 30.1% during the first quarter. Creative Financial Designs Inc. ADV now owns 920 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 213 shares in the last quarter. Independent Wealth Network Inc. grew its stake in shares of Tractor Supply by 5.2% during the first quarter. Independent Wealth Network Inc. now owns 4,335 shares of the specialty retailer’s stock valued at $239,000 after acquiring an additional 215 shares in the last quarter. GW&K Investment Management LLC grew its stake in shares of Tractor Supply by 89.3% during the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 226 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Tractor Supply by 21.2% during the first quarter. Assetmark Inc. now owns 1,331 shares of the specialty retailer’s stock valued at $73,000 after acquiring an additional 233 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In other news, EVP Colin Yankee sold 6,680 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $58.40, for a total transaction of $390,112.00. Following the completion of the transaction, the executive vice president directly owned 40,142 shares in the company, valued at approximately $2,344,292.80. The trade was a 14.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jonathan S. Estep sold 56,630 shares of the business’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $53.00, for a total value of $3,001,390.00. Following the transaction, the executive vice president owned 74,605 shares of the company’s stock, valued at approximately $3,954,065. This represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 207,490 shares of company stock valued at $12,216,998. 0.65% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TSCO has been the subject of several recent analyst reports. Raymond James Financial restated an “outperform” rating and set a $65.00 target price (up from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Loop Capital lifted their price target on Tractor Supply from $48.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, July 25th. Wall Street Zen upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Guggenheim decreased their price target on Tractor Supply from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Wells Fargo & Company lifted their price target on Tractor Supply from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.80.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $59.26 on Monday. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average of $55.02 and a two-hundred day moving average of $53.66. The company has a market cap of $31.42 billion, a P/E ratio of 29.08, a PEG ratio of 3.05 and a beta of 0.75. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.01. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.93 earnings per share. As a group, analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th will be given a dividend of $0.23 per share. The ex-dividend date is Monday, August 25th. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. Tractor Supply’s payout ratio is currently 45.10%.

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.