Bleakley Financial Group LLC Sells 188 Shares of Tractor Supply (NASDAQ:TSCO)

Bleakley Financial Group LLC reduced its stake in Tractor Supply (NASDAQ:TSCO) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,656 shares of the specialty retailer’s stock after selling 188 shares during the quarter. Bleakley Financial Group LLC’s holdings in Tractor Supply were worth $1,064,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TSCO. Price T Rowe Associates Inc. MD increased its holdings in shares of Tractor Supply by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after purchasing an additional 368,859 shares during the period. Marshall Wace LLP increased its holdings in shares of Tractor Supply by 2,921.4% during the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock worth $96,451,000 after purchasing an additional 345,402 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Tractor Supply by 11,952.8% during the first quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock worth $63,121,000 after purchasing an additional 239,176 shares during the period. Employees Retirement System of Texas acquired a new stake in shares of Tractor Supply during the 2nd quarter worth approximately $38,070,000. Finally, Swedbank AB acquired a new stake in shares of Tractor Supply during the 1st quarter worth approximately $34,262,000. 98.72% of the stock is owned by institutional investors.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $297.62 on Monday. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $307.64. The firm has a fifty day simple moving average of $279.96 and a 200 day simple moving average of $272.03. The company has a market capitalization of $32.10 billion, a PE ratio of 28.70, a P/E/G ratio of 3.74 and a beta of 0.80. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.83 earnings per share. On average, sell-side analysts forecast that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were paid 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 payout ratio is 42.43%.

Analysts Set New Price Targets

Several analysts recently issued reports on TSCO shares. Piper Sandler increased their price target on shares of Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Robert W. Baird set a $320.00 price target on shares of Tractor Supply in a research report on Thursday. Benchmark reiterated a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a research report on Monday, September 30th. Loop Capital increased their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, Truist Financial increased their price target on shares of Tractor Supply from $293.00 to $325.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.50.

Insider Buying and Selling at Tractor Supply

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

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.