Marks Group Wealth Management Inc Sells 9,707 Shares of Tractor Supply Company $TSCO

Marks Group Wealth Management Inc decreased its position in Tractor Supply Company (NASDAQ:TSCO) by 6.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 151,901 shares of the specialty retailer’s stock after selling 9,707 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Tractor Supply were worth $8,639,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TSCO. Buckhead Capital Management LLC raised its stake in shares of Tractor Supply by 310.3% during the third quarter. Buckhead Capital Management LLC now owns 36,863 shares of the specialty retailer’s stock worth $2,096,000 after acquiring an additional 27,878 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Tractor Supply by 6.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 130,035 shares of the specialty retailer’s stock valued at $6,862,000 after purchasing an additional 7,871 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Tractor Supply by 45.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 149,323 shares of the specialty retailer’s stock valued at $7,880,000 after purchasing an additional 46,471 shares during the last quarter. Bison Wealth LLC raised its position in Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares during the period. Finally, Jones Financial Companies Lllp raised its position in Tractor Supply by 11.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 564,921 shares of the specialty retailer’s stock worth $31,932,000 after purchasing an additional 59,151 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Activity at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III sold 84,670 shares of Tractor Supply stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $53.16, for a total transaction of $4,501,057.20. Following the completion of the transaction, the chief executive officer owned 606,842 shares in the company, valued at approximately $32,259,720.72. The trade was a 12.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kurt D. Barton sold 1,929 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $53.94, for a total value of $104,050.26. Following the completion of the sale, the chief financial officer directly owned 44,736 shares in the company, valued at $2,413,059.84. This trade represents a 4.13% 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 over the last quarter. 0.65% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TSCO has been the subject of several analyst reports. Wolfe Research restated an “outperform” rating and set a $57.00 price target on shares of Tractor Supply in a research report on Friday, January 30th. The Goldman Sachs Group set a $59.00 target price on Tractor Supply and gave the company a “buy” rating in a research note on Friday, January 30th. Morgan Stanley dropped their target price on Tractor Supply from $60.00 to $57.00 and set an “equal weight” rating for the company in a report on Friday, January 30th. Jefferies Financial Group decreased their price target on Tractor Supply from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Finally, DA Davidson reiterated a “buy” rating and issued a $60.00 price objective on shares of Tractor Supply in a research report on Friday, January 30th. Fifteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.78.

Tractor Supply Stock Up 1.9%

Shares of Tractor Supply stock opened at $52.96 on Monday. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The firm has a market cap of $27.88 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.65 and a beta of 0.74. The company has a 50-day moving average of $52.41 and a 200 day moving average of $55.20. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 0.16.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data 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 business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter last year, the company posted $0.44 EPS. Tractor Supply’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

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

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.