Versor Investments LP acquired a new stake in Tractor Supply (NASDAQ:TSCO – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,600 shares of the specialty retailer’s stock, valued at approximately $376,000.
Several other institutional investors and hedge funds have also made changes to their positions in TSCO. OLD Mission Capital LLC purchased a new position in Tractor Supply during the fourth quarter worth about $25,000. Compass Wealth Management LLC purchased a new position in Tractor Supply during the fourth quarter worth about $25,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in Tractor Supply during the first quarter worth about $27,000. Hazlett Burt & Watson Inc. lifted its position in Tractor Supply by 57.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 126 shares of the specialty retailer’s stock worth $30,000 after buying an additional 46 shares during the period. Finally, Bogart Wealth LLC lifted its position in Tractor Supply by 60.4% during the first quarter. Bogart Wealth LLC now owns 146 shares of the specialty retailer’s stock worth $34,000 after buying an additional 55 shares during the period. 84.91% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Tractor Supply news, CMO Jonathan S. Estep sold 12,074 shares of Tractor Supply stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $226.20, for a total transaction of $2,731,138.80. Following the sale, the chief marketing officer now owns 7,972 shares of the company’s stock, valued at approximately $1,803,266.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Kurt D. Barton sold 9,091 shares of Tractor Supply 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 approximately $6,152,318.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Jonathan S. Estep sold 12,074 shares of Tractor Supply stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $226.20, for a total value of $2,731,138.80. Following the transaction, the chief marketing officer now owns 7,972 shares in the company, valued at $1,803,266.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,147 shares of company stock valued at $6,612,685. Insiders own 0.24% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on TSCO
Tractor Supply Trading Up 0.2 %
Shares of NASDAQ TSCO opened at $222.80 on Tuesday. The company has a market cap of $24.41 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.78 and a beta of 0.81. Tractor Supply has a 12-month low of $181.40 and a 12-month high of $251.17. The company has a current ratio of 1.60, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84. The stock’s 50 day simple moving average is $218.05 and its 200 day simple moving average is $227.40.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The specialty retailer reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.91 by ($0.08). The company had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.26 billion. Tractor Supply had a return on equity of 55.57% and a net margin of 7.52%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business posted $3.53 EPS. Equities research analysts expect that Tractor Supply will post 10.28 EPS for the current year.
Tractor Supply Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Tuesday, May 30th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, May 26th. Tractor Supply’s dividend payout ratio (DPR) is 41.16%.
Tractor Supply Company Profile
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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