Dimensional Fund Advisors LP Has $301.08 Million Stock Holdings in Tractor Supply Company $TSCO

Dimensional Fund Advisors LP reduced its stake in Tractor Supply Company (NASDAQ:TSCO) by 6.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,294,288 shares of the specialty retailer’s stock after selling 337,428 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Tractor Supply were worth $301,077,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Tractor Supply

In other news, EVP Colin Yankee sold 11,170 shares of the firm’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 trade represents a 19.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert D. Mills sold 62,950 shares of Tractor Supply stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total value of $3,406,854.00. Following the sale, the executive vice president owned 122,834 shares in the company, valued at $6,647,776.08. The trade was a 33.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 222,348 shares of company stock valued at $11,959,621 in the last ninety days. 0.65% of the stock is owned by corporate insiders.

Tractor Supply Stock Down 0.7%

Tractor Supply stock opened at $50.16 on Friday. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.16 and a current ratio of 1.34. The firm’s 50-day simple moving average is $52.35 and its 200 day simple moving average is $54.69. The stock has a market cap of $26.40 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72.

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

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.9%. This is an increase from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, February 24th. Tractor Supply’s dividend payout ratio is 46.38%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial set a $55.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a research note on Friday, January 16th. UBS Group set a $55.00 price objective on shares of Tractor Supply in a report on Friday, January 30th. Argus decreased their target price on shares of Tractor Supply from $67.00 to $64.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. TD Cowen lowered their target price on shares of Tractor Supply from $55.00 to $53.00 and set a “hold” rating on the stock in a report on Friday, January 30th. Finally, Stephens set a $53.00 price target on shares of Tractor Supply and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Fifteen equities 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. According to MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and an average price target of $59.78.

Tractor Supply 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.