Tractor Supply (NASDAQ:TSCO) Holdings Decreased by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lessened its stake in Tractor Supply (NASDAQ:TSCO) by 5.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 940 shares of the specialty retailer’s stock after selling 51 shares during the period. Cornerstone Wealth Management LLC’s holdings in Tractor Supply were worth $273,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TSCO. Nomura Holdings Inc. bought a new stake in Tractor Supply during the fourth quarter worth approximately $468,000. Wedmont Private Capital raised its stake in shares of Tractor Supply by 3.6% in the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock worth $331,000 after buying an additional 45 shares in the last quarter. &PARTNERS acquired a new stake in shares of Tractor Supply in the first quarter valued at $463,000. Security Financial Services INC. bought a new position in Tractor Supply during the first quarter valued at about $277,000. Finally, Ballentine Partners LLC grew its holdings in Tractor Supply by 338.5% during the first quarter. Ballentine Partners LLC now owns 4,411 shares of the specialty retailer’s stock worth $1,154,000 after acquiring an additional 3,405 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TSCO shares. Citigroup downgraded shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday. Benchmark restated a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a report on Monday, September 30th. Melius Research initiated coverage on Tractor Supply in a report on Monday, September 23rd. They issued a “buy” rating and a $315.00 price target on the stock. Loop Capital raised their price objective on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Finally, Wells Fargo & Company boosted their target price on Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $272.50.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $297.62 on Friday. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $307.64. The stock’s 50-day moving average is $279.96 and its two-hundred day moving average is $272.03. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. The firm has a market cap of $32.09 billion, a P/E ratio of 28.98, a PEG ratio of 3.81 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting the consensus estimate of $3.93. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.83 earnings per share. Analysts predict that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio is presently 42.84%.

Tractor Supply 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.