Parkside Financial Bank & Trust Reduces Stock Position in Tractor Supply (NASDAQ:TSCO)

Parkside Financial Bank & Trust lowered its stake in shares of Tractor Supply (NASDAQ:TSCO) by 33.7% during the 4th quarter, HoldingsChannel reports. The fund owned 244 shares of the specialty retailer’s stock after selling 124 shares during the period. Parkside Financial Bank & Trust’s holdings in Tractor Supply were worth $52,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TSCO. OFI Invest Asset Management bought a new position in shares of Tractor Supply in the third quarter worth $25,000. Pinnacle Bancorp Inc. bought a new position in Tractor Supply in the fourth quarter valued at $28,000. VisionPoint Advisory Group LLC increased its stake in Tractor Supply by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 76 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in Tractor Supply in the third quarter valued at $33,000. Finally, Cetera Trust Company N.A bought a new position in Tractor Supply in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jonathan S. Estep sold 7,120 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the sale, the executive vice president now owns 13,605 shares of the company’s stock, valued at $3,159,897.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tractor Supply news, EVP Jonathan S. Estep sold 7,120 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the completion of the transaction, the executive vice president now owns 13,605 shares of the company’s stock, valued at $3,159,897.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Colin Yankee sold 8,675 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the transaction, the executive vice president now directly owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 in the last three months. 0.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TSCO has been the topic of a number of research analyst reports. Evercore ISI increased their target price on Tractor Supply from $275.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird raised their price objective on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday. Barclays raised their price objective on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday. Raymond James raised their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday. Finally, The Goldman Sachs Group raised their price objective on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $248.17.

Tractor Supply Stock Up 3.3 %

TSCO stock opened at $273.90 on Friday. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $274.66. The company has a market capitalization of $29.56 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 3.97 and a beta of 0.84. The business’s 50 day moving average price is $252.44 and its two-hundred day moving average price is $226.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.28 and a current ratio of 1.40.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. As a group, analysts forecast that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were given a $1.10 dividend. The ex-dividend date was Friday, February 23rd. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. Tractor Supply’s dividend payout ratio is currently 42.84%.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.