Tractor Supply (NASDAQ:TSCO) Stock Holdings Reduced by Fernwood Investment Management LLC

Fernwood Investment Management LLC lowered its position in Tractor Supply (NASDAQ:TSCO) by 13.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the specialty retailer’s stock after selling 300 shares during the quarter. Fernwood Investment Management LLC’s holdings in Tractor Supply were worth $218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Icon Wealth Partners LLC purchased a new position in Tractor Supply in the first quarter valued at about $27,000. Lindbrook Capital LLC grew its stake in Tractor Supply by 79.7% in the first quarter. Lindbrook Capital LLC now owns 451 shares of the specialty retailer’s stock valued at $44,000 after purchasing an additional 200 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in Tractor Supply by 255.9% in the second quarter. Flagship Harbor Advisors LLC now owns 484 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 348 shares in the last quarter. Pinnacle Financial Partners Inc. purchased a new position in Tractor Supply in the first quarter valued at about $49,000. Finally, Quadrant Capital Group LLC grew its stake in Tractor Supply by 241.8% in the first quarter. Quadrant Capital Group LLC now owns 523 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 81.77% of the company’s stock.

Shares of NASDAQ TSCO traded down $0.88 during trading hours on Thursday, hitting $98.96. 31,444 shares of the company’s stock were exchanged, compared to its average volume of 1,275,584. Tractor Supply has a 1-year low of $78.67 and a 1-year high of $114.25. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.52 and a quick ratio of 0.16. The stock has a market cap of $12.23 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The firm has a 50-day moving average of $109.36.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.01). Tractor Supply had a return on equity of 36.12% and a net margin of 6.71%. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the firm posted $1.69 EPS. Tractor Supply’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts predict that Tractor Supply will post 4.74 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, August 23rd. This represents a $1.40 annualized dividend and a dividend yield of 1.41%. Tractor Supply’s dividend payout ratio is presently 32.48%.

A number of research analysts have commented on the company. BidaskClub upgraded Tractor Supply from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Morgan Stanley set a $112.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Friday, July 26th. Barclays upped their price target on Tractor Supply from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. ValuEngine downgraded Tractor Supply from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada set a $123.00 price target on Tractor Supply and gave the stock a “buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $107.65.

In other Tractor Supply news, SVP Chad Michael Frazell sold 17,857 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $110.04, for a total value of $1,964,984.28. Following the completion of the transaction, the senior vice president now owns 31,004 shares of the company’s stock, valued at approximately $3,411,680.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP John P. Ordus sold 10,968 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $104.09, for a total value of $1,141,659.12. Following the completion of the transaction, the senior vice president now directly owns 21,000 shares of the company’s stock, valued at approximately $2,185,890. The disclosure for this sale can be found here. Insiders have sold a total of 64,933 shares of company stock valued at $6,865,486 in the last three months. 1.50% of the stock is owned by insiders.

About Tractor Supply

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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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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