Connor Clark & Lunn Investment Management Ltd. trimmed its position in Tractor Supply (NASDAQ:TSCO – Get Rating) by 27.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,165 shares of the specialty retailer’s stock after selling 3,122 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Tractor Supply were worth $1,837,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Ethic Inc. raised its holdings in shares of Tractor Supply by 0.6% in the third quarter. Ethic Inc. now owns 7,905 shares of the specialty retailer’s stock worth $1,469,000 after buying an additional 48 shares during the last quarter. Bennett Selby Investments LP raised its holdings in shares of Tractor Supply by 2.4% in the fourth quarter. Bennett Selby Investments LP now owns 2,041 shares of the specialty retailer’s stock worth $459,000 after buying an additional 48 shares during the last quarter. Laurel Wealth Advisors LLC raised its holdings in shares of Tractor Supply by 12.5% in the third quarter. Laurel Wealth Advisors LLC now owns 450 shares of the specialty retailer’s stock worth $84,000 after buying an additional 50 shares during the last quarter. Palisade Asset Management LLC raised its holdings in shares of Tractor Supply by 0.6% in the fourth quarter. Palisade Asset Management LLC now owns 8,814 shares of the specialty retailer’s stock worth $1,983,000 after buying an additional 52 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Tractor Supply by 0.9% in the third quarter. IFP Advisors Inc now owns 5,716 shares of the specialty retailer’s stock worth $548,000 after buying an additional 53 shares during the last quarter. 84.13% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Tractor Supply news, CFO Kurt D. Barton sold 9,091 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $227.35, for a total transaction of $2,066,838.85. Following the sale, the chief financial officer now directly owns 27,061 shares in the company, valued at approximately $6,152,318.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Tractor Supply news, CMO Jonathan S. Estep sold 12,074 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $226.20, for a total transaction of $2,731,138.80. Following the transaction, the chief marketing officer now directly owns 7,972 shares of the company’s stock, valued at approximately $1,803,266.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 9,091 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $227.35, for a total transaction of $2,066,838.85. Following the transaction, the chief financial officer now directly owns 27,061 shares in the company, valued at $6,152,318.35. The disclosure for this sale can be found here. Insiders have sold a total of 30,482 shares of company stock worth $6,946,435 in the last ninety days. 0.24% of the stock is owned by corporate insiders.
Tractor Supply Price Performance
Tractor Supply (NASDAQ:TSCO – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The specialty retailer reported $1.65 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.04). The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. Tractor Supply had a return on equity of 55.53% and a net margin of 7.49%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.65 earnings per share. Analysts predict that Tractor Supply will post 10.49 earnings per share for the current year.
Tractor Supply Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Tuesday, May 30th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $4.12 dividend on an annualized basis and a yield of 1.95%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.43%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Raymond James raised their price target on shares of Tractor Supply from $255.00 to $270.00 in a report on Friday, April 28th. Roth Capital reissued a “buy” rating on shares of Tractor Supply in a report on Wednesday, February 1st. Cowen began coverage on shares of Tractor Supply in a report on Thursday, February 16th. They set a “market perform” rating and a $245.00 target price for the company. Oppenheimer raised their target price on shares of Tractor Supply from $270.00 to $280.00 in a report on Monday, May 1st. Finally, Argus raised their target price on shares of Tractor Supply from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, February 28th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.62.
Tractor Supply Profile
Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Orscheln Farm & Home, and Petsense.
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