Grey Fox Wealth Advisors LLC Sells 50 Shares of Tractor Supply (NASDAQ:TSCO)

Grey Fox Wealth Advisors LLC lessened its stake in shares of Tractor Supply (NASDAQ:TSCO) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,465 shares of the specialty retailer’s stock after selling 50 shares during the quarter. Grey Fox Wealth Advisors LLC’s holdings in Tractor Supply were worth $315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP boosted its position in shares of Tractor Supply by 9,370.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock worth $573,038,000 after purchasing an additional 2,792,352 shares in the last quarter. Norges Bank acquired a new stake in shares of Tractor Supply in the 4th quarter worth $264,936,000. Alliancebernstein L.P. boosted its position in shares of Tractor Supply by 84.0% in the 4th quarter. Alliancebernstein L.P. now owns 2,159,008 shares of the specialty retailer’s stock worth $485,712,000 after purchasing an additional 985,799 shares in the last quarter. Invesco Ltd. boosted its position in shares of Tractor Supply by 76.7% in the 3rd quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer’s stock worth $411,010,000 after purchasing an additional 878,874 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Tractor Supply by 4.4% in the 2nd quarter. BlackRock Inc. now owns 10,080,496 shares of the specialty retailer’s stock worth $2,228,798,000 after purchasing an additional 429,199 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TSCO. Bank of America lowered Tractor Supply from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $207.00 to $171.00 in a research note on Friday, December 15th. Telsey Advisory Group raised their target price on Tractor Supply from $245.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Evercore ISI lifted their price objective on Tractor Supply from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Monday. Finally, UBS Group lifted their price objective on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $238.91.

Tractor Supply Price Performance

TSCO stock traded up $1.84 during trading on Thursday, hitting $262.28. The stock had a trading volume of 211,294 shares, compared to its average volume of 1,184,567. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.28. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $268.02. The stock has a market capitalization of $28.30 billion, a P/E ratio of 25.75, a PEG ratio of 3.88 and a beta of 0.84. The company’s 50-day moving average price is $242.55 and its two-hundred day moving average price is $219.60.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.06. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the previous year, the firm posted $2.43 EPS. Tractor Supply’s revenue was down 8.6% compared to the same quarter last year. As a group, research analysts predict that Tractor Supply will post 10.19 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a dividend of $1.10 per share. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Friday, February 23rd. Tractor Supply’s payout ratio is currently 43.61%.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the sale, the chief financial officer now owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the sale, the chief financial officer now owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Matthew L. Rubin sold 725 shares of Tractor Supply stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $238.09, for a total transaction of $172,615.25. Following the sale, the senior vice president now directly owns 5,710 shares in the company, valued at approximately $1,359,493.90. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock worth $21,201,877 in the last ninety days. Insiders own 0.24% of the company’s stock.

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.