Tractor Supply (NASDAQ:TSCO) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC reduced its position in shares of Tractor Supply (NASDAQ:TSCO) by 50.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 835 shares of the specialty retailer’s stock after selling 855 shares during the period. Quotient Wealth Partners LLC’s holdings in Tractor Supply were worth $243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wedmont Private Capital grew its stake in Tractor Supply by 5.9% during the 3rd quarter. Wedmont Private Capital now owns 1,694 shares of the specialty retailer’s stock valued at $498,000 after purchasing an additional 94 shares in the last quarter. CWM LLC grew its position in shares of Tractor Supply by 2.6% during the third quarter. CWM LLC now owns 2,620 shares of the specialty retailer’s stock worth $762,000 after buying an additional 66 shares in the last quarter. Tilia Fiduciary Partners Inc. increased its stake in shares of Tractor Supply by 5.0% in the third quarter. Tilia Fiduciary Partners Inc. now owns 9,395 shares of the specialty retailer’s stock worth $2,733,000 after buying an additional 448 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply in the third quarter valued at $29,000. Finally, Strategic Wealth Partners Ltd. bought a new position in Tractor Supply during the 3rd quarter valued at $503,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TSCO. Loop Capital upped their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Friday, September 6th. UBS Group upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a research report on Thursday, July 25th. Citigroup raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Melius Research initiated coverage on shares of Tractor Supply in a report on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus target price of $263.00.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $303.37 on Friday. The firm’s 50-day simple moving average is $275.68 and its 200 day simple moving average is $270.52. The stock has a market cap of $32.72 billion, a P/E ratio of 29.25, a P/E/G ratio of 3.78 and a beta of 0.80. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $305.99.

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

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a $1.10 dividend. The ex-dividend date was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.45%. Tractor Supply’s dividend payout ratio (DPR) is 42.43%.

Insider Buying and Selling at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction on Monday, August 12th. The stock was 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Matthew L. Rubin sold 540 shares of the firm’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 completion of the transaction, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply 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 completion of the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate 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.