Carillon Tower Advisers Inc. trimmed its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 1.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 191,225 shares of the specialty retailer’s stock after selling 2,100 shares during the period. Carillon Tower Advisers Inc.’s holdings in Tractor Supply were worth $18,694,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Bruderman Asset Management LLC purchased a new position in shares of Tractor Supply during the 4th quarter worth approximately $25,000. Cordasco Financial Network raised its stake in shares of Tractor Supply by 53.6% during the 4th quarter. Cordasco Financial Network now owns 338 shares of the specialty retailer’s stock worth $28,000 after buying an additional 118 shares in the last quarter. Rational Advisors LLC raised its stake in shares of Tractor Supply by 570.9% during the 4th quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock worth $31,000 after buying an additional 314 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in shares of Tractor Supply during the 4th quarter worth approximately $31,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Tractor Supply during the 4th quarter worth approximately $33,000. 82.82% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on TSCO. Credit Suisse Group reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Tractor Supply in a research note on Tuesday, January 29th. Morgan Stanley raised their price objective on Tractor Supply from $96.00 to $104.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Wells Fargo & Co raised their price objective on Tractor Supply from $102.00 to $108.00 and gave the company an “outperform” rating in a research note on Thursday, February 14th. Loop Capital raised their price objective on Tractor Supply to $106.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Finally, BidaskClub raised Tractor Supply from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and an average price target of $97.44.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.07. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Tractor Supply had a return on equity of 36.16% and a net margin of 6.68%. Tractor Supply’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. As a group, equities research analysts forecast that Tractor Supply will post 4.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, May 24th. This is a boost from Tractor Supply’s previous quarterly dividend of $0.31. Tractor Supply’s dividend payout ratio is 28.77%.
In other Tractor Supply news, CEO Gregory A. Sandfort sold 74,667 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $105.00, for a total transaction of $7,840,035.00. Following the sale, the chief executive officer now owns 166,325 shares in the company, valued at approximately $17,464,125. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edna Morris sold 4,174 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $96.07, for a total value of $400,996.18. Following the sale, the director now owns 1,916 shares in the company, valued at approximately $184,070.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 379,236 shares of company stock worth $38,304,166. 1.50% of the stock is owned by insiders.
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Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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