Simplicity Wealth LLC Sells 4,048 Shares of Tractor Supply (NASDAQ:TSCO)

Simplicity Wealth LLC trimmed its holdings in Tractor Supply (NASDAQ:TSCO) by 49.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,061 shares of the specialty retailer’s stock after selling 4,048 shares during the period. Simplicity Wealth LLC’s holdings in Tractor Supply were worth $1,181,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. V Square Quantitative Management LLC grew its holdings in shares of Tractor Supply by 29.5% in the fourth quarter. V Square Quantitative Management LLC now owns 2,082 shares of the specialty retailer’s stock valued at $448,000 after purchasing an additional 474 shares in the last quarter. Auxier Asset Management grew its stake in shares of Tractor Supply by 14.3% in the 4th quarter. Auxier Asset Management now owns 1,600 shares of the specialty retailer’s stock worth $344,000 after buying an additional 200 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Tractor Supply by 998.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 109,403 shares of the specialty retailer’s stock worth $23,525,000 after buying an additional 99,441 shares during the last quarter. Integrated Advisors Network LLC raised its position in shares of Tractor Supply by 0.8% during the 4th quarter. Integrated Advisors Network LLC now owns 7,463 shares of the specialty retailer’s stock valued at $1,605,000 after buying an additional 59 shares in the last quarter. Finally, Northwest Bank & Trust Co bought a new position in shares of Tractor Supply in the 4th quarter valued at about $188,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Up 2.0 %

Tractor Supply stock opened at $303.37 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. The stock has a market cap of $32.72 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 3.73 and a beta of 0.80. The stock has a 50-day moving average of $275.68 and a two-hundred day moving average of $270.61. Tractor Supply has a one year low of $185.00 and a one year high of $305.99.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the prior year, the business posted $3.83 EPS. Tractor Supply’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, research analysts anticipate that Tractor Supply will post 10.23 EPS 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 given a dividend of $1.10 per share. 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 is currently 42.43%.

Insider Buying and Selling at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. This trade 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 through the SEC website. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction dated 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 directly owns 5,170 shares of the company’s stock, 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 is accessible through this link. Also, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSCO. Wells Fargo & Company boosted their target price on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday. Loop Capital raised their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Benchmark reaffirmed a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a research note on Monday, September 30th. UBS Group upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Melius Research began coverage on Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $263.00.

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.