Tractor Supply Company $TSCO Shares Sold by Running Oak Capital LLC

Running Oak Capital LLC lessened its stake in Tractor Supply Company (NASDAQ:TSCO) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 272,399 shares of the specialty retailer’s stock after selling 14,369 shares during the quarter. Running Oak Capital LLC’s holdings in Tractor Supply were worth $13,623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Delos Wealth Advisors LLC acquired a new stake in Tractor Supply in the second quarter valued at approximately $26,000. Aventura Private Wealth LLC purchased a new position in Tractor Supply in the fourth quarter worth approximately $27,000. JPL Wealth Management LLC acquired a new position in Tractor Supply during the 3rd quarter worth approximately $28,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Tractor Supply in the 4th quarter valued at approximately $35,000. Finally, Clayton Financial Group LLC purchased a new stake in shares of Tractor Supply in the 3rd quarter valued at approximately $44,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Trading Down 0.0%

NASDAQ TSCO opened at $45.03 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 0.16. The firm’s fifty day moving average price is $49.63 and its 200 day moving average price is $52.12. The company has a market capitalization of $23.68 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 2.40 and a beta of 0.75. Tractor Supply Company has a 12 month low of $43.23 and a 12 month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the business earned $0.44 earnings per share. On average, sell-side analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were given a $0.24 dividend. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. Tractor Supply’s payout ratio is 46.38%.

Analyst Ratings Changes

TSCO has been the subject of several recent analyst reports. Telsey Advisory Group decreased their price objective on shares of Tractor Supply from $70.00 to $63.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. UBS Group set a $55.00 target price on Tractor Supply in a report on Friday, January 30th. Jefferies Financial Group decreased their price target on Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a report on Friday, January 30th. The Goldman Sachs Group set a $59.00 price objective on Tractor Supply and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Argus dropped their price objective on Tractor Supply from $67.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Fourteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply has an average rating of “Moderate Buy” and an average target price of $58.52.

Insider Transactions at Tractor Supply

In related news, EVP Robert D. Mills sold 62,950 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $54.12, for a total value of $3,406,854.00. Following the transaction, the executive vice president directly owned 122,834 shares of the company’s stock, valued at $6,647,776.08. This trade represents a 33.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Colin Yankee sold 11,170 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $55.35, for a total transaction of $618,259.50. Following the completion of the transaction, the executive vice president directly owned 45,515 shares in the company, valued at $2,519,255.25. This trade represents a 19.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 222,348 shares of company stock worth $11,959,621. Insiders own 0.64% of the company’s stock.

About Tractor Supply

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.