Tractor Supply Company (NASDAQ:TSCO) Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC cut its stake in Tractor Supply Company (NASDAQ:TSCO) by 8.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,451 shares of the specialty retailer’s stock after selling 6,008 shares during the period. CWA Asset Management Group LLC’s holdings in Tractor Supply were worth $3,551,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TSCO. Coppell Advisory Solutions LLC raised its stake in Tractor Supply by 944.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 425 shares in the last quarter. Smithfield Trust Co raised its stake in shares of Tractor Supply by 286.2% during the fourth quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 352 shares in the last quarter. First Command Advisory Services Inc. raised its position in shares of Tractor Supply by 400.0% during the 4th quarter. First Command Advisory Services Inc. now owns 500 shares of the specialty retailer’s stock worth $27,000 after buying an additional 400 shares in the last quarter. Whittier Trust Co. raised its holdings in Tractor Supply by 400.0% during the fourth quarter. Whittier Trust Co. now owns 500 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 400 shares in the last quarter. Finally, Dunhill Financial LLC increased its position in shares of Tractor Supply by 325.8% during the 4th quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 391 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on TSCO shares. Wall Street Zen lowered Tractor Supply from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Mizuho lowered their price objective on shares of Tractor Supply from $62.00 to $58.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Citigroup dropped their target price on shares of Tractor Supply from $59.00 to $51.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Stephens began coverage on shares of Tractor Supply in a report on Wednesday, April 9th. They set an “equal weight” rating and a $56.00 target price for the company. Finally, Raymond James Financial decreased their price target on shares of Tractor Supply from $61.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.02.

Insider Buying and Selling

In related news, SVP Matthew L. Rubin sold 2,810 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were 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 in the company, valued at approximately $1,538,410.72. This trade represents a 8.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.65% of the company’s stock.

Tractor Supply Stock Down 1.4%

Tractor Supply stock opened at $50.98 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 0.17 and a debt-to-equity ratio of 0.94. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $61.53. The firm’s fifty day simple moving average is $50.66 and its 200-day simple moving average is $53.27. The company has a market capitalization of $27.03 billion, a P/E ratio of 25.31, a P/E/G ratio of 2.78 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, April 24th. The specialty retailer reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). Tractor Supply had a return on equity of 47.56% and a net margin of 7.24%. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Wednesday, May 28th. Tractor Supply’s payout ratio is 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.