Pittenger & Anderson Inc. Decreases Stock Position in Tractor Supply (NASDAQ:TSCO)

Pittenger & Anderson Inc. reduced its position in Tractor Supply (NASDAQ:TSCO) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,535 shares of the specialty retailer’s stock after selling 1,422 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Tractor Supply were worth $6,996,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in Tractor Supply by 27.7% in the 3rd quarter. CWM LLC now owns 3,175 shares of the specialty retailer’s stock worth $645,000 after purchasing an additional 689 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of Tractor Supply by 13.4% in the third quarter. AE Wealth Management LLC now owns 8,125 shares of the specialty retailer’s stock valued at $1,650,000 after purchasing an additional 960 shares during the last quarter. HB Wealth Management LLC lifted its position in Tractor Supply by 23.2% during the third quarter. HB Wealth Management LLC now owns 1,903 shares of the specialty retailer’s stock worth $386,000 after buying an additional 358 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in Tractor Supply by 3.4% during the third quarter. GHP Investment Advisors Inc. now owns 21,241 shares of the specialty retailer’s stock worth $4,264,000 after buying an additional 702 shares during the last quarter. Finally, KFG Wealth Management LLC grew its holdings in Tractor Supply by 11.0% in the 3rd quarter. KFG Wealth Management LLC now owns 3,144 shares of the specialty retailer’s stock valued at $638,000 after buying an additional 311 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Colin Yankee sold 8,675 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the transaction, the executive vice president now owns 9,673 shares of the company’s stock, valued at $2,418,250. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the transaction, the executive vice president now directly owns 9,673 shares in the company, valued at approximately $2,418,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Matthew L. Rubin sold 725 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 5,710 shares in the company, valued at $1,359,493.90. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 in the last 90 days. Company insiders own 0.24% of the company’s stock.

Tractor Supply Stock Up 3.1 %

Tractor Supply stock traded up $8.22 during mid-day trading on Friday, hitting $273.48. The company had a trading volume of 991,967 shares, compared to its average volume of 1,164,731. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $274.66. The business has a fifty day moving average of $251.70 and a 200 day moving average of $226.10. The stock has a market cap of $29.52 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 3.88 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the firm posted $1.65 earnings per share. Tractor Supply’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, sell-side analysts expect that Tractor Supply will post 10.2 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a $1.10 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. This represents a $4.40 annualized dividend and a yield of 1.61%. Tractor Supply’s dividend payout ratio is 43.61%.

Analyst Ratings Changes

TSCO has been the topic of several recent analyst reports. Mizuho reiterated a “neutral” rating and issued a $250.00 target price (up from $245.00) on shares of Tractor Supply in a report on Friday. Wells Fargo & Company upped their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Monday, March 25th. Raymond James cut Tractor Supply from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $230.00 to $250.00 in a research note on Friday, February 2nd. Stephens downgraded Tractor Supply from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $226.00 to $240.00 in a research report on Tuesday, January 23rd. Finally, UBS Group increased their price target on Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $245.70.

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.