Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 300 Shares of Tractor Supply (NASDAQ:TSCO)

Town & Country Bank & Trust CO dba First Bankers Trust CO lessened its position in Tractor Supply (NASDAQ:TSCO) by 4.5% during the first quarter, Holdings Channel.com reports. The fund owned 6,429 shares of the specialty retailer’s stock after selling 300 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Tractor Supply were worth $1,683,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in shares of Tractor Supply by 9,370.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock valued at $573,038,000 after purchasing an additional 2,792,352 shares in the last quarter. Norges Bank bought a new stake in shares of Tractor Supply during the 4th quarter valued at about $260,560,000. Capital World Investors lifted its position in Tractor Supply by 10.0% during 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 acquiring an additional 531,170 shares during the period. Capital International Investors lifted its position in Tractor Supply by 7.6% during the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock valued at $1,340,589,000 after acquiring an additional 439,954 shares during the period. Finally, Alecta Tjanstepension Omsesidigt lifted its position in Tractor Supply by 87.5% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 750,000 shares of the specialty retailer’s stock valued at $161,272,000 after acquiring an additional 350,000 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

TSCO stock traded up $2.45 during midday trading on Friday, reaching $270.00. 1,701,059 shares of the company’s stock traded hands, compared to its average volume of 1,242,692. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $290.38. The stock has a market cap of $29.11 billion, a P/E ratio of 26.29, a PEG ratio of 3.51 and a beta of 0.83. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The stock’s 50-day moving average is $274.91 and its 200 day moving average is $250.42.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the prior year, the company earned $1.65 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. As a group, analysts anticipate that Tractor Supply will post 10.34 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.63%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSCO. Robert W. Baird lifted their price target on shares of Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. lifted their price target on shares of Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Evercore ISI lifted their price target on shares of Tractor Supply from $290.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Benchmark reissued a “buy” rating and set a $256.00 price target on shares of Tractor Supply in a research report on Monday, April 22nd. Finally, Morgan Stanley lifted their target price on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Tractor Supply presently has a consensus rating of “Hold” and an average price target of $254.17.

Tractor Supply 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.