TBH Global Asset Management LLC Sells 4,239 Shares of Tractor Supply (NASDAQ:TSCO)

TBH Global Asset Management LLC trimmed its stake in Tractor Supply (NASDAQ:TSCO) by 74.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,493 shares of the specialty retailer’s stock after selling 4,239 shares during the quarter. TBH Global Asset Management LLC’s holdings in Tractor Supply were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Private Wealth Management Group LLC acquired a new stake in Tractor Supply during the 4th quarter worth approximately $27,000. Pinnacle Bancorp Inc. acquired a new stake in Tractor Supply during the 4th quarter worth approximately $28,000. VisionPoint Advisory Group LLC lifted its holdings in Tractor Supply by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 76 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Tractor Supply in the 3rd quarter valued at $33,000. Finally, Cetera Trust Company N.A acquired a new position in Tractor Supply in the 4th quarter valued at $38,000. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Price Performance

TSCO stock traded down $0.16 during mid-day trading on Friday, hitting $282.00. 790,018 shares of the stock were exchanged, compared to its average volume of 1,055,060. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. The business has a fifty day moving average price of $263.43 and a 200 day moving average price of $237.32. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $287.89. The stock has a market capitalization of $30.40 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 3.69 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the previous year, the business earned $1.65 EPS. Tractor Supply’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Tractor Supply will post 10.33 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, May 24th. Tractor Supply’s payout ratio is 42.84%.

Wall Street Analysts Forecast Growth

TSCO has been the subject of several analyst reports. Guggenheim lifted their price objective on Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Company lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Monday, March 25th. Robert W. Baird lifted their price objective on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Barclays lifted their price objective on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Finally, Evercore ISI lifted their price target on Tractor Supply from $285.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Hold” and an average price target of $253.96.

Insiders Place Their Bets

In related news, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the transaction, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at $5,314,246. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the sale, the chief financial officer now directly owns 20,678 shares in the company, valued at $5,314,246. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Colin Yankee sold 8,675 shares of the business’s stock in a transaction 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 owns 9,673 shares of the company’s stock, valued at $2,418,250. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

About Tractor Supply

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.