Tractor Supply (NASDAQ:TSCO) Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC lowered its position in shares of Tractor Supply (NASDAQ:TSCO) by 2.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,152 shares of the specialty retailer’s stock after selling 2,094 shares during the period. Argent Capital Management LLC’s holdings in Tractor Supply were worth $26,810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TSCO. Assenagon Asset Management S.A. lifted its stake in Tractor Supply by 527.7% in the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock valued at $7,155,000 after buying an additional 22,279 shares during the last quarter. Ballentine Partners LLC grew its position in shares of Tractor Supply by 2.1% during the second quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock worth $1,216,000 after acquiring an additional 93 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Tractor Supply by 3.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 143,749 shares of the specialty retailer’s stock valued at $37,622,000 after acquiring an additional 4,788 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Tractor Supply by 11,952.8% in the 1st quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock valued at $63,121,000 after acquiring an additional 239,176 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Tractor Supply by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after purchasing an additional 368,859 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction that occurred on 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 owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the firm’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 owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

Tractor Supply Price Performance

Shares of TSCO stock traded down $14.18 during mid-day trading on Thursday, reaching $277.91. The stock had a trading volume of 908,205 shares, compared to its average volume of 1,047,044. The company has a market cap of $29.98 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 3.66 and a beta of 0.80. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $307.64. The business has a 50-day simple moving average of $281.82 and a 200 day simple moving average of $272.88.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting the consensus estimate of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same period last year, the firm posted $3.83 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 annualized dividend and a dividend yield of 1.58%. Tractor Supply’s dividend payout ratio is currently 42.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $335.00 price objective on shares of Tractor Supply in a research note on Thursday. Evercore ISI cut Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target on the stock. in a research report on Thursday, October 3rd. Wedbush reaffirmed a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a research report on Friday, July 26th. Loop Capital boosted their target price on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a report on Friday, September 6th. Finally, Wells Fargo & Company upped their price target on Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.50.

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.