Grey Fox Wealth Advisors LLC Sells 50 Shares of Tractor Supply (NASDAQ:TSCO)

Grey Fox Wealth Advisors LLC reduced its position in shares of Tractor Supply (NASDAQ:TSCO) by 3.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,465 shares of the specialty retailer’s stock after selling 50 shares during the quarter. Grey Fox Wealth Advisors LLC’s holdings in Tractor Supply were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Tractor Supply by 17.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 327 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 49 shares during the last quarter. Heartland Bank & Trust Co boosted its holdings in shares of Tractor Supply by 1.7% in the 3rd quarter. Heartland Bank & Trust Co now owns 3,038 shares of the specialty retailer’s stock valued at $617,000 after buying an additional 52 shares during the last quarter. Allen Capital Group LLC boosted its holdings in shares of Tractor Supply by 0.6% in the 3rd quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer’s stock valued at $1,805,000 after buying an additional 53 shares during the last quarter. Scotia Capital Inc. increased its position in shares of Tractor Supply by 2.5% in the third quarter. Scotia Capital Inc. now owns 2,177 shares of the specialty retailer’s stock worth $442,000 after purchasing an additional 54 shares during the period. Finally, Taylor Frigon Capital Management LLC increased its position in shares of Tractor Supply by 0.8% in the third quarter. Taylor Frigon Capital Management LLC now owns 6,762 shares of the specialty retailer’s stock worth $1,373,000 after purchasing an additional 55 shares during the period. 98.72% of the stock is owned by institutional investors.

Tractor Supply Trading Up 0.7 %

TSCO traded up $1.84 during trading on Thursday, hitting $262.28. The company’s stock had a trading volume of 211,294 shares, compared to its average volume of 1,184,567. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $268.02. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average price is $242.55 and its 200-day moving average price is $219.60. The firm has a market capitalization of $28.30 billion, a P/E ratio of 25.75, a PEG ratio of 3.88 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.06. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period in the previous year, the firm earned $2.43 earnings per share. The company’s revenue was down 8.6% compared to the same quarter last year. Analysts anticipate that Tractor Supply will post 10.19 EPS for the current year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a $1.10 dividend. The ex-dividend date was Friday, February 23rd. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a yield of 1.68%. Tractor Supply’s payout ratio is 43.61%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, EVP Jonathan S. Estep sold 7,120 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $232.26, for a total value of $1,653,691.20. Following the transaction, the executive vice president now directly owns 13,605 shares of the company’s stock, valued at $3,159,897.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Harry A. Lawton III sold 20,500 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the transaction, the chief executive officer now directly owns 95,192 shares of the company’s stock, valued at $22,173,072.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan S. Estep sold 7,120 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $232.26, for a total value of $1,653,691.20. Following the transaction, the executive vice president now directly owns 13,605 shares in the company, valued at $3,159,897.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,090 shares of company stock valued at $21,201,877. 0.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on TSCO shares. Evercore ISI raised their price objective on Tractor Supply from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Tuesday. Wedbush raised their price objective on Tractor Supply from $200.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Raymond James lowered Tractor Supply from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $230.00 to $250.00 in a research note on Friday, February 2nd. UBS Group lifted their price target on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Finally, Bank of America lowered Tractor Supply from a “neutral” rating to an “underperform” rating and cut their price target for the company from $207.00 to $171.00 in a research note on Friday, December 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Tractor Supply has an average rating of “Hold” and an average target price of $238.91.

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.