Tractor Supply (NASDAQ:TSCO) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lessened its stake in shares of Tractor Supply (NASDAQ:TSCO) by 62.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,964 shares of the specialty retailer’s stock after selling 3,303 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Tractor Supply were worth $422,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TSCO. Wellington Management Group LLP increased its stake in shares of Tractor Supply by 9,370.6% during the third quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock valued at $573,038,000 after acquiring an additional 2,792,352 shares during the period. Invesco Ltd. increased its stake in shares of Tractor Supply by 76.7% during the third quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer’s stock valued at $411,010,000 after acquiring an additional 878,874 shares during the period. Alecta Tjanstepension Omsesidigt increased its stake in shares of Tractor Supply by 87.5% during the fourth 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. International Assets Investment Management LLC boosted its holdings in Tractor Supply by 32,987.5% during the fourth quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock worth $58,128,000 after buying an additional 269,508 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Tractor Supply by 22.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,148,340 shares of the specialty retailer’s stock worth $233,170,000 after buying an additional 210,131 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

TSCO has been the subject of a number of research reports. Truist Financial raised their target price on shares of Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a report on Friday. The Goldman Sachs Group raised their target price on shares of Tractor Supply from $230.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Stephens cut shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $226.00 to $240.00 in a report on Tuesday, January 23rd. UBS Group raised their target price on shares of Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Finally, Evercore ISI raised their target price on shares of Tractor Supply from $275.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $248.17.

Tractor Supply Stock Up 3.3 %

TSCO stock opened at $273.90 on Friday. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $274.66. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The company has a market cap of $29.56 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 4.10 and a beta of 0.84. The company has a 50 day moving average of $252.44 and a two-hundred day moving average of $226.74.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Tractor Supply will post 10.26 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a $1.10 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. Tractor Supply’s dividend payout ratio is presently 42.84%.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the transaction, the chief financial officer now owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Colin Yankee sold 8,675 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the transaction, the executive vice president now owns 9,673 shares in the company, valued at approximately $2,418,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the transaction, the chief financial officer now owns 20,678 shares in the company, valued at approximately $5,314,246. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 in the last quarter. 0.24% of the stock is currently owned by corporate insiders.

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.