Mutual of America Capital Management LLC Trims Stake in Tractor Supply (NASDAQ:TSCO)

Mutual of America Capital Management LLC trimmed its position in Tractor Supply (NASDAQ:TSCO) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,202 shares of the specialty retailer’s stock after selling 797 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Tractor Supply were worth $4,129,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Synovus Financial Corp grew its holdings in Tractor Supply by 1.9% during the 1st quarter. Synovus Financial Corp now owns 5,006 shares of the specialty retailer’s stock worth $1,166,000 after acquiring an additional 93 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of Tractor Supply by 10.4% during the first quarter. Cibc World Market Inc. now owns 12,622 shares of the specialty retailer’s stock valued at $2,946,000 after purchasing an additional 1,186 shares in the last quarter. Sei Investments Co. raised its stake in Tractor Supply by 12.1% in the first quarter. Sei Investments Co. now owns 75,163 shares of the specialty retailer’s stock worth $17,565,000 after buying an additional 8,129 shares in the last quarter. Prudential PLC bought a new position in shares of Tractor Supply in the 1st quarter worth $611,000. Finally, Cetera Investment Advisers lifted its stake in shares of Tractor Supply by 15.8% during the 1st quarter. Cetera Investment Advisers now owns 6,238 shares of the specialty retailer’s stock worth $1,456,000 after purchasing an additional 849 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In related news, SVP Matthew L. Rubin sold 725 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $238.09, for a total value of $172,615.25. Following the completion of the transaction, the senior vice president now owns 5,710 shares of the company’s stock, valued at approximately $1,359,493.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Matthew L. Rubin sold 725 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $238.09, for a total value of $172,615.25. Following the completion of the sale, the senior vice president now owns 5,710 shares of the company’s stock, valued at approximately $1,359,493.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan S. Estep sold 7,120 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the transaction, the executive vice president now owns 13,605 shares of the company’s stock, valued at $3,159,897.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,090 shares of company stock valued at $21,201,877. Corporate insiders own 0.58% of the company’s stock.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $244.84 on Wednesday. The stock has a market cap of $26.43 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 3.64 and a beta of 0.84. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $268.02. The business has a 50-day simple moving average of $248.95 and a 200-day simple moving average of $223.95. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.06. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. Tractor Supply’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.43 earnings per share. On average, equities analysts expect that Tractor Supply will post 10.19 EPS for the current year.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s dividend payout ratio (DPR) is currently 43.61%.

Analysts Set New Price Targets

TSCO has been the topic of several analyst reports. UBS Group lifted their target price on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Guggenheim lifted their price objective on shares of Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Evercore ISI decreased their target price on shares of Tractor Supply from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Tuesday. The Goldman Sachs Group lifted their price target 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. Finally, Mizuho began coverage on Tractor Supply in a report on Tuesday, March 19th. They set a “neutral” rating and a $245.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $239.61.

About Tractor Supply

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.