Woodstock Corp lowered its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,874 shares of the specialty retailer’s stock after selling 608 shares during the quarter. Woodstock Corp’s holdings in Tractor Supply were worth $5,644,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Perigon Wealth Management LLC acquired a new stake in Tractor Supply in the 4th quarter valued at approximately $29,000. Accel Wealth Management acquired a new stake in Tractor Supply in the 4th quarter valued at approximately $31,000. Jacobi Capital Management LLC raised its position in Tractor Supply by 43.8% in the 4th quarter. Jacobi Capital Management LLC now owns 243 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 74 shares during the last quarter. Arkadios Wealth Advisors raised its position in Tractor Supply by 124.3% in the 4th quarter. Arkadios Wealth Advisors now owns 249 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 138 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its stake in Tractor Supply by 3,462.5% in the fourth quarter. Simon Quick Advisors LLC now owns 285 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 277 shares in the last quarter. 88.26% of the stock is currently owned by institutional investors.
TSCO traded down $1.22 during trading on Thursday, hitting $175.84. The stock had a trading volume of 7,215 shares, compared to its average volume of 1,283,363. The company has a 50 day moving average price of $168.64 and a 200-day moving average price of $149.80. The firm has a market cap of $20.43 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 2.03 and a beta of 0.96. Tractor Supply has a one year low of $85.22 and a one year high of $180.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.49 and a quick ratio of 0.59.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 9th. Shareholders of record on Monday, February 22nd were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, February 19th. This is a boost from Tractor Supply’s previous quarterly dividend of $0.40. This represents a $2.08 annualized dividend and a yield of 1.18%. Tractor Supply’s payout ratio is currently 44.44%.
In other Tractor Supply news, EVP John P. Ordus sold 14,047 shares of Tractor Supply stock in a transaction on Friday, January 15th. The stock was sold at an average price of $159.75, for a total value of $2,244,008.25. Following the completion of the transaction, the executive vice president now directly owns 9,584 shares of the company’s stock, valued at approximately $1,531,044. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christi C. Korzekwa sold 3,585 shares of Tractor Supply stock in a transaction on Wednesday, February 17th. The shares were sold at an average price of $165.00, for a total value of $591,525.00. Following the completion of the transaction, the senior vice president now directly owns 14,976 shares of the company’s stock, valued at $2,471,040. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.
A number of research firms have weighed in on TSCO. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on Tractor Supply in a research note on Monday, March 15th. They issued a “neutral” rating and a $158.00 price target for the company. Guggenheim upgraded Tractor Supply from a “neutral” rating to a “buy” rating and raised their price target for the company from $180.00 to $200.00 in a research note on Wednesday. Wells Fargo & Company raised their price target on Tractor Supply from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, March 29th. They noted that the move was a valuation call. Credit Suisse Group restated a “hold” rating on shares of Tractor Supply in a research note on Thursday, April 1st. Finally, Citigroup began coverage on Tractor Supply in a research note on Monday, March 15th. They issued a “neutral” rating and a $158.00 price target for the company. Eighteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Tractor Supply has a consensus rating of “Hold” and a consensus target price of $150.08.
About Tractor Supply
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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