Private Capital Management LLC Has $874,000 Position in Tractor Supply (NASDAQ:TSCO)

Private Capital Management LLC decreased its position in shares of Tractor Supply (NASDAQ:TSCO) by 25.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,340 shares of the specialty retailer’s stock after selling 1,160 shares during the quarter. Private Capital Management LLC’s holdings in Tractor Supply were worth $874,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TSCO. Wellington Management Group LLP lifted its stake in shares of Tractor Supply by 63.2% during the fourth quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock valued at $990,526,000 after acquiring an additional 1,784,304 shares during the period. Norges Bank acquired a new position in Tractor Supply during the 4th quarter valued at about $260,560,000. Capital World Investors boosted its stake in shares of Tractor Supply by 10.0% in the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock valued at $1,257,751,000 after purchasing an additional 531,170 shares during the last quarter. Capital International Investors grew its position in shares of Tractor Supply by 7.6% during the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after buying an additional 439,954 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Tractor Supply by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after buying an additional 368,859 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Up 0.2 %

NASDAQ:TSCO traded up $0.48 on Friday, hitting $263.48. 1,018,762 shares of the company’s stock were exchanged, compared to its average volume of 948,833. The firm has a 50-day moving average price of $267.95 and a 200-day moving average price of $260.78. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38. 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 company has a market cap of $28.42 billion, a P/E ratio of 25.66, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81.

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

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Monday, August 26th. Tractor Supply’s payout ratio is presently 42.84%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TSCO. Barclays increased their price objective on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Benchmark restated a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a research report on Friday, July 26th. Morgan Stanley lifted their price objective on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research note on Friday, April 26th. Robert W. Baird increased their target price on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Evercore ISI reduced their target price on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $256.58.

Insider Activity

In related news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction 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 directly owns 5,170 shares in the company, valued at $1,356,349.50. The sale was disclosed in a filing with the SEC, which is available through this link. 0.24% of the stock is currently owned by insiders.

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.