CENTRAL TRUST Co Sells 598 Shares of Tractor Supply (NASDAQ:TSCO)

CENTRAL TRUST Co reduced its position in Tractor Supply (NASDAQ:TSCO) by 2.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,824 shares of the specialty retailer’s stock after selling 598 shares during the period. CENTRAL TRUST Co’s holdings in Tractor Supply were worth $8,386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. X Square Capital LLC boosted its holdings in Tractor Supply by 8.4% in the third quarter. X Square Capital LLC now owns 2,795 shares of the specialty retailer’s stock worth $813,000 after acquiring an additional 216 shares in the last quarter. International Assets Investment Management LLC lifted its position in Tractor Supply by 29,058.6% during the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock valued at $67,865,000 after purchasing an additional 232,469 shares during the period. Weaver Capital Management LLC raised its stake in shares of Tractor Supply by 25.4% during the 3rd quarter. Weaver Capital Management LLC now owns 3,084 shares of the specialty retailer’s stock valued at $897,000 after buying an additional 624 shares during the last quarter. Liberty Capital Management Inc. lifted its holdings in shares of Tractor Supply by 3.3% in the 3rd quarter. Liberty Capital Management Inc. now owns 10,649 shares of the specialty retailer’s stock valued at $3,098,000 after buying an additional 341 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Tractor Supply by 0.5% during the third quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock worth $2,238,000 after acquiring an additional 37 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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 shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Tractor Supply Trading Up 0.2 %

TSCO opened at $292.09 on Thursday. The business has a fifty day moving average price of $281.82 and a 200 day moving average price of $272.88. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $307.64. The stock has a market capitalization of $31.51 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 3.66 and a beta of 0.80.

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

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.43%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Loop Capital boosted their price objective on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Benchmark reissued a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a research note on Monday. JPMorgan Chase & Co. upped their price target on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Wells Fargo & Company increased their price target on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, UBS Group raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Tractor Supply presently 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.