37,866 Tractor Supply Company $TSCO Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC decreased its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 40.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,923 shares of the specialty retailer’s stock after selling 37,866 shares during the period. Motley Fool Asset Management LLC’s holdings in Tractor Supply were worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Elevation Wealth Partners LLC increased its holdings in Tractor Supply by 1,253.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 727 shares in the last quarter. Comprehensive Financial Planning Inc. PA acquired a new position in Tractor Supply during the second quarter worth $26,000. Community Financial Services Group LLC raised its position in Tractor Supply by 3,240.0% during the second quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 810 shares during the period. Bullseye Investment Management LLC acquired a new position in Tractor Supply during the second quarter worth $31,000. Finally, Pingora Partners LLC purchased a new position in Tractor Supply during the second quarter valued at $32,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Up 6.5%

NASDAQ TSCO opened at $33.65 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.20. The stock has a market capitalization of $17.65 billion, a P/E ratio of 18.09, a PEG ratio of 3.28 and a beta of 0.52. The firm’s 50-day moving average is $33.31 and its two-hundred day moving average is $38.36. Tractor Supply Company has a 12 month low of $28.36 and a 12 month high of $56.94.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.82 billion. Tractor Supply had a net margin of 6.13% and a return on equity of 40.05%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. On average, sell-side analysts anticipate that Tractor Supply Company will post 1.94 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 51.61%.

Analyst Ratings Changes

Several analysts have recently issued reports on TSCO shares. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 target price (up from $35.00) on shares of Tractor Supply in a research report on Monday, October 19th. Argus set a $41.00 target price on shares of Tractor Supply in a research note on Tuesday, July 28th. Wall Street Zen downgraded shares of Tractor Supply from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $38.00 price target (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. Finally, Citigroup reiterated a “buy” rating and issued a $38.00 price objective (up from $37.00) on shares of Tractor Supply in a report on Tuesday, October 13th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Tractor Supply currently has an average rating of “Hold” and an average price target of $38.62.

Insider Activity

In other news, Director Edna Morris bought 1,560 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average price of $32.44 per share, with a total value of $50,606.40. Following the purchase, the director owned 279,720 shares in the company, valued at approximately $9,074,116.80. The trade was a 0.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Harry A. Lawton III bought 15,600 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the purchase, the chief executive officer owned 15,600 shares in the company, valued at $501,540. This represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 20,310 shares of company stock valued at $652,411. 0.64% of the stock is currently owned by corporate insiders.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.