Quantbot Technologies LP Sells 67,955 Shares of Tractor Supply Company $TSCO

Quantbot Technologies LP decreased its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 69.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,888 shares of the specialty retailer’s stock after selling 67,955 shares during the period. Quantbot Technologies LP’s holdings in Tractor Supply were worth $1,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Delos Wealth Advisors LLC purchased a new position in Tractor Supply during the second quarter valued at $26,000. Financial Gravity Companies Inc. bought a new position in shares of Tractor Supply in the second quarter worth about $38,000. Clayton Financial Group LLC bought a new position in shares of Tractor Supply in the third quarter worth about $44,000. First Horizon Corp purchased a new position in shares of Tractor Supply during the 3rd quarter valued at about $44,000. Finally, Evelyn Partners Asset Management Ltd bought a new position in shares of Tractor Supply during the 2nd quarter valued at approximately $46,000. 98.72% of the stock is owned by institutional investors.

Insider Transactions at Tractor Supply

In other Tractor Supply news, EVP Jonathan S. Estep sold 59,745 shares of Tractor Supply stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $54.03, for a total value of $3,228,022.35. Following the completion of the transaction, the executive vice president directly owned 80,931 shares of the company’s stock, valued at $4,372,701.93. This trade represents a 42.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Colin Yankee sold 11,170 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $55.35, for a total transaction of $618,259.50. Following the sale, the executive vice president owned 45,515 shares in the company, valued at $2,519,255.25. This represents a 19.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 222,348 shares of company stock valued at $11,959,621 in the last 90 days. Company insiders own 0.65% of the company’s stock.

Tractor Supply Stock Down 2.0%

Shares of TSCO stock opened at $50.59 on Thursday. The stock has a market cap of $26.63 billion, a P/E ratio of 24.44, a PEG ratio of 2.58 and a beta of 0.72. The company’s fifty day simple moving average is $52.40 and its two-hundred day simple moving average is $54.80. 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 52 week low of $46.85 and a 52 week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 EPS 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 analysts’ expectations of $4.03 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Tractor Supply’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts predict that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have commented on TSCO. The Goldman Sachs Group set a $59.00 target price on shares of Tractor Supply and gave the stock a “buy” rating in a research note on Friday, January 30th. Telsey Advisory Group decreased their price objective on shares of Tractor Supply from $70.00 to $63.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Jefferies Financial Group dropped their target price on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a report on Friday, January 30th. Piper Sandler decreased their price target on Tractor Supply from $67.00 to $59.00 and set an “overweight” rating on the stock in a report on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Tractor Supply in a research report on Monday, December 29th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and an average target price of $59.78.

About Tractor Supply

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.