Aberdeen Group plc Grows Stock Holdings in Tractor Supply Company $TSCO

Aberdeen Group plc grew its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 473,412 shares of the specialty retailer’s stock after acquiring an additional 16,055 shares during the period. Aberdeen Group plc’s holdings in Tractor Supply were worth $26,923,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Delos Wealth Advisors LLC bought a new position in Tractor Supply in the 2nd quarter worth about $26,000. Financial Gravity Companies Inc. purchased a new stake in shares of Tractor Supply in the second quarter worth about $38,000. Clayton Financial Group LLC purchased a new stake in shares of Tractor Supply in the third quarter worth about $44,000. First Horizon Corp bought a new position in shares of Tractor Supply in the third quarter valued at approximately $44,000. Finally, Evelyn Partners Asset Management Ltd purchased a new position in Tractor Supply during the second quarter valued at approximately $46,000. 98.72% of the stock is owned by institutional investors.

Tractor Supply Price Performance

TSCO opened at $52.69 on Wednesday. The stock has a market capitalization of $27.84 billion, a P/E ratio of 25.45, a PEG ratio of 2.76 and a beta of 0.74. The company has a current ratio of 1.34, a quick ratio of 0.16 and a debt-to-equity ratio of 0.70. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The stock has a 50-day moving average price of $52.40 and a 200-day moving average price of $55.35.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be paid a $0.24 dividend. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.8%. Tractor Supply’s dividend payout ratio is currently 44.44%.

Insider Activity at Tractor Supply

In related news, EVP Robert D. Mills sold 62,950 shares of Tractor Supply stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $54.12, for a total value of $3,406,854.00. Following the transaction, the executive vice president owned 122,834 shares in the company, valued at $6,647,776.08. This trade represents a 33.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Colin Yankee sold 11,170 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $55.35, for a total transaction of $618,259.50. Following the completion of the sale, the executive vice president directly owned 45,515 shares of the company’s stock, valued at $2,519,255.25. This represents a 19.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 222,348 shares of company stock worth $11,959,621 in the last 90 days. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group lowered their target price on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. The Goldman Sachs Group set a $59.00 price target on shares of Tractor Supply and gave the stock a “buy” rating in a report on Friday, January 30th. Mizuho lowered their price objective on Tractor Supply from $65.00 to $58.00 and set an “outperform” rating on the stock in a research report on Friday, January 30th. JPMorgan Chase & Co. dropped their price objective on Tractor Supply from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Finally, Stephens set a $53.00 target price on Tractor Supply and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. Fifteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.78.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.