Vontobel Holding Ltd. Decreases Holdings in Tractor Supply (NASDAQ:TSCO)

Vontobel Holding Ltd. reduced its position in Tractor Supply (NASDAQ:TSCO) by 13.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,554 shares of the specialty retailer’s stock after selling 17,169 shares during the period. Vontobel Holding Ltd. owned approximately 0.11% of Tractor Supply worth $33,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Henrickson Nauta Wealth Advisors Inc. grew its position in shares of Tractor Supply by 3.2% during the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock valued at $328,000 after acquiring an additional 35 shares during the period. Signature Wealth Management Group grew its holdings in Tractor Supply by 0.5% during the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock valued at $1,890,000 after purchasing an additional 38 shares during the period. X Square Capital LLC grew its holdings in Tractor Supply by 1.6% during the second quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock valued at $696,000 after purchasing an additional 41 shares during the period. Eads & Heald Wealth Management increased its position in Tractor Supply by 0.6% in the second quarter. Eads & Heald Wealth Management now owns 7,040 shares of the specialty retailer’s stock worth $1,901,000 after buying an additional 42 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in shares of Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the period. Institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TSCO shares. Melius Research started coverage on Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective for the company. UBS Group upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Benchmark restated a “buy” rating and set a $280.00 price objective on shares of Tractor Supply in a research report on Monday, September 30th. Wedbush restated a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. increased their price target on Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $269.55.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by company insiders.

Tractor Supply Stock Up 0.7 %

Shares of TSCO opened at $302.80 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. The stock has a market capitalization of $32.66 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 3.81 and a beta of 0.80. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $307.64. The business’s 50 day simple moving average is $278.47 and its 200-day simple moving average is $271.47.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the previous year, the business posted $3.83 earnings per share. Tractor Supply’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities analysts expect that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s payout ratio is 42.43%.

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.