25,351 Shares in Tractor Supply Company $TSCO Acquired by Compass Wealth Management LLC

Compass Wealth Management LLC acquired a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) in the third quarter, Holdings Channel reports. The fund acquired 25,351 shares of the specialty retailer’s stock, valued at approximately $1,442,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC bought a new stake in Tractor Supply in the second quarter valued at $26,000. Financial Gravity Companies Inc. acquired a new position in Tractor Supply during the 2nd quarter valued at about $38,000. Clayton Financial Group LLC bought a new position in Tractor Supply in the 3rd quarter worth about $44,000. First Horizon Corp acquired a new stake in shares of Tractor Supply in the third quarter valued at approximately $44,000. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in shares of Tractor Supply in the second quarter valued at approximately $46,000. 98.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wolfe Research reiterated an “outperform” rating and set a $57.00 price objective on shares of Tractor Supply in a research report on Friday, January 30th. Zacks Research lowered Tractor Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Argus lowered their price target on Tractor Supply from $67.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Gordon Haskett downgraded shares of Tractor Supply from an “accumulate” rating to a “hold” rating and reduced their price objective for the stock from $57.00 to $50.00 in a report on Thursday, January 8th. Finally, UBS Group set a $55.00 target price on shares of Tractor Supply in a research report on Friday, January 30th. Fifteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.78.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 1,884 shares of Tractor Supply stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $53.81, for a total transaction of $101,378.04. Following the transaction, the chief financial officer owned 52,562 shares in the company, valued at approximately $2,828,361.22. The trade was a 3.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan S. Estep sold 59,745 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $54.03, for a total value of $3,228,022.35. Following the completion of the sale, the executive vice president directly owned 80,931 shares of the company’s stock, valued at approximately $4,372,701.93. This represents a 42.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 222,348 shares of company stock worth $11,959,621 in the last quarter. Corporate insiders own 0.65% of the company’s stock.

Tractor Supply Trading Down 1.1%

Shares of NASDAQ TSCO opened at $51.96 on Friday. The company has a quick ratio of 0.16, a current ratio of 1.34 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 company has a market cap of $27.46 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 2.63 and a beta of 0.74. The business has a fifty day simple moving average of $52.39 and a 200-day simple moving average of $55.31.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly 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 company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same period in the prior year, the business posted $0.44 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Sell-side analysts predict that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be issued a dividend of $0.24 per share. This is an increase from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, February 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 44.44%.

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.