WD Rutherford LLC Sells 360 Shares of Tractor Supply (NASDAQ:TSCO)

WD Rutherford LLC trimmed its position in shares of Tractor Supply (NASDAQ:TSCO) by 17.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,655 shares of the specialty retailer’s stock after selling 360 shares during the quarter. WD Rutherford LLC’s holdings in Tractor Supply were worth $433,000 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 the company. Citizens National Bank Trust Department grew its position in Tractor Supply by 0.5% in the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock worth $2,086,000 after purchasing an additional 45 shares in the last quarter. Wedmont Private Capital increased its position in shares of Tractor Supply by 3.6% during the first quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock valued at $331,000 after acquiring an additional 45 shares during the last quarter. Wahed Invest LLC increased its position in shares of Tractor Supply by 2.8% during the fourth quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer’s stock valued at $383,000 after acquiring an additional 49 shares during the last quarter. Fidelis Capital Partners LLC lifted its holdings in Tractor Supply by 5.0% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock worth $240,000 after acquiring an additional 53 shares during the period. Finally, 180 Wealth Advisors LLC boosted its position in Tractor Supply by 0.6% in the first quarter. 180 Wealth Advisors LLC now owns 9,197 shares of the specialty retailer’s stock worth $2,407,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TSCO. Benchmark reissued a “buy” rating and issued a $256.00 price target on shares of Tractor Supply in a report on Monday, April 22nd. TD Cowen increased their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. lifted their price target on shares of Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Telsey Advisory Group increased their price objective on Tractor Supply from $280.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Morgan Stanley boosted their target price on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $254.17.

Tractor Supply Price Performance

Shares of TSCO traded up $2.45 during trading hours on Friday, reaching $270.00. 1,701,059 shares of the company’s stock traded hands, compared to its average volume of 1,242,692. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The stock has a market cap of $29.11 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 3.48 and a beta of 0.83. The firm’s 50 day simple moving average is $274.91 and its 200-day simple moving average is $250.18.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.13. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. Tractor Supply’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.65 earnings per share. Equities analysts expect that Tractor Supply will post 10.34 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Friday, May 24th. Tractor Supply’s payout ratio is currently 42.84%.

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.