Flinton Capital Management LLC lessened its stake in Tractor Supply (NASDAQ:TSCO) by 53.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,008 shares of the specialty retailer’s stock after selling 112,416 shares during the period. Flinton Capital Management LLC owned about 0.08% of Tractor Supply worth $7,401,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. OppenheimerFunds Inc. boosted its position in Tractor Supply by 5.3% in the 4th quarter. OppenheimerFunds Inc. now owns 16,438 shares of the specialty retailer’s stock worth $1,229,000 after purchasing an additional 823 shares in the last quarter. Mariner Wealth Advisors LLC boosted its position in Tractor Supply by 3.6% in the 4th quarter. Mariner Wealth Advisors LLC now owns 24,787 shares of the specialty retailer’s stock worth $1,853,000 after purchasing an additional 856 shares in the last quarter. Arizona State Retirement System boosted its position in Tractor Supply by 1.9% in the 4th quarter. Arizona State Retirement System now owns 47,260 shares of the specialty retailer’s stock worth $3,533,000 after purchasing an additional 860 shares in the last quarter. Alps Advisors Inc. boosted its position in Tractor Supply by 14.3% in the 3rd quarter. Alps Advisors Inc. now owns 7,626 shares of the specialty retailer’s stock worth $483,000 after purchasing an additional 953 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in Tractor Supply by 5.7% in the 4th quarter. Baird Financial Group Inc. now owns 19,288 shares of the specialty retailer’s stock worth $1,442,000 after purchasing an additional 1,043 shares in the last quarter. Institutional investors and hedge funds own 83.43% of the company’s stock.
In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edna Morris sold 1,054 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total value of $70,691.78. Following the completion of the transaction, the director now owns 10,949 shares in the company, valued at approximately $734,349.43. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Tractor Supply (NASDAQ:TSCO) opened at $62.93 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 1.95 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $7,964.94, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 1.17 and a beta of 1.27. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $82.68.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS. equities research analysts forecast that Tractor Supply will post 4.1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. Tractor Supply’s payout ratio is currently 32.73%.
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About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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