Tractor Supply (NASDAQ:TSCO) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its position in Tractor Supply (NASDAQ:TSCO) by 7.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,550 shares of the specialty retailer’s stock after selling 1,800 shares during the period. E. Ohman J or Asset Management AB’s holdings in Tractor Supply were worth $1,298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Advisory Alpha LLC grew its holdings in shares of Tractor Supply by 6.2% in the 1st quarter. Advisory Alpha LLC now owns 4,826 shares of the specialty retailer’s stock worth $266,000 after acquiring an additional 283 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Tractor Supply by 21.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,829 shares of the specialty retailer’s stock worth $101,000 after acquiring an additional 327 shares during the period. Smithfield Trust Co grew its holdings in shares of Tractor Supply by 286.2% in the 4th quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 352 shares during the period. Blue Trust Inc. grew its holdings in shares of Tractor Supply by 28.2% in the 4th quarter. Blue Trust Inc. now owns 1,646 shares of the specialty retailer’s stock worth $87,000 after acquiring an additional 362 shares during the period. Finally, Dunhill Financial LLC grew its holdings in shares of Tractor Supply by 325.8% in the 4th quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 391 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling

In related news, SVP Matthew L. Rubin sold 2,810 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total value of $145,445.60. Following the transaction, the senior vice president now directly owns 29,722 shares of the company’s stock, valued at approximately $1,538,410.72. This trade represents a 8.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TSCO shares. Mizuho reduced their target price on Tractor Supply from $62.00 to $58.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Robert W. Baird reduced their target price on Tractor Supply from $63.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Stephens started coverage on Tractor Supply in a research note on Wednesday, April 9th. They issued an “equal weight” rating and a $56.00 target price on the stock. Citigroup reduced their target price on Tractor Supply from $59.00 to $51.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Finally, Telsey Advisory Group set a $60.00 target price on Tractor Supply in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Tractor Supply has a consensus rating of “Moderate Buy” and an average price target of $58.02.

Tractor Supply Trading Down 1.0%

Shares of Tractor Supply stock opened at $50.94 on Friday. The company has a quick ratio of 0.20, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The firm has a market cap of $27.01 billion, a PE ratio of 24.97, a P/E/G ratio of 2.95 and a beta of 0.74. The business’s fifty day moving average is $50.69 and its two-hundred day moving average is $53.51. Tractor Supply has a fifty-two week low of $46.85 and a fifty-two week high of $61.53.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.83 earnings per share. Analysts anticipate that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 13th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Tractor Supply Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Wednesday, May 28th. Tractor Supply’s dividend payout ratio (DPR) is currently 45.77%.

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.