Trust Co. of Virginia VA Sells 56 Shares of Tractor Supply (NASDAQ:TSCO)

Trust Co. of Virginia VA lessened its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,872 shares of the specialty retailer’s stock after selling 56 shares during the quarter. Trust Co. of Virginia VA’s holdings in Tractor Supply were worth $490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wedmont Private Capital raised its position in shares of Tractor Supply by 3.6% in the first quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock valued at $331,000 after purchasing an additional 45 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of Tractor Supply by 998.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 109,403 shares of the specialty retailer’s stock valued at $23,525,000 after purchasing an additional 99,441 shares during the period. Scotia Capital Inc. raised its position in shares of Tractor Supply by 792.9% in the fourth quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock valued at $4,180,000 after purchasing an additional 17,261 shares during the period. WCM Investment Management LLC bought a new position in shares of Tractor Supply in the fourth quarter valued at approximately $782,000. Finally, Congress Asset Management Co. MA raised its position in shares of Tractor Supply by 7.2% in the first quarter. Congress Asset Management Co. MA now owns 163,875 shares of the specialty retailer’s stock valued at $42,889,000 after purchasing an additional 10,980 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of Tractor Supply stock traded up $2.45 during trading on Friday, reaching $270.00. The company’s stock had a trading volume of 1,701,059 shares, compared to its average volume of 1,242,692. The stock has a 50-day moving average price of $274.91 and a two-hundred day moving average price of $250.18. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. Tractor Supply has a one year low of $185.00 and a one year high of $290.38. The stock has a market capitalization of $29.11 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 3.48 and a beta of 0.83.

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

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were given a dividend of $1.10 per share. The ex-dividend date was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.63%. Tractor Supply’s payout ratio is presently 42.84%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSCO. Robert W. Baird lifted their price target on shares of Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Morgan Stanley lifted their price target on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Raymond James boosted their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Mizuho reaffirmed a “neutral” rating and set a $250.00 target price (up previously from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Finally, Telsey Advisory Group boosted their target price on shares of Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $254.17.

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.