Toronto Dominion Bank Decreases Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Toronto Dominion Bank decreased its position in Tractor Supply (NASDAQ:TSCOGet Rating) by 61.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,732 shares of the specialty retailer’s stock after selling 104,817 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of Tractor Supply worth $15,922,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. James Investment Research Inc. increased its position in shares of Tractor Supply by 423.3% in the fourth quarter. James Investment Research Inc. now owns 12,909 shares of the specialty retailer’s stock valued at $3,080,000 after acquiring an additional 10,442 shares during the period. Morgan Stanley increased its position in shares of Tractor Supply by 31.0% in the third quarter. Morgan Stanley now owns 1,016,695 shares of the specialty retailer’s stock valued at $205,992,000 after acquiring an additional 240,696 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Tractor Supply by 5.4% in the third quarter. Asset Management One Co. Ltd. now owns 61,958 shares of the specialty retailer’s stock valued at $12,553,000 after acquiring an additional 3,151 shares during the period. Empirical Finance LLC increased its position in shares of Tractor Supply by 34.6% in the fourth quarter. Empirical Finance LLC now owns 2,003 shares of the specialty retailer’s stock valued at $478,000 after acquiring an additional 515 shares during the period. Finally, Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in shares of Tractor Supply in the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 84.26% of the company’s stock.

TSCO has been the topic of a number of analyst reports. Truist Financial assumed coverage on shares of Tractor Supply in a research report on Thursday, January 13th. They issued a “buy” rating and a $270.00 price objective on the stock. Wells Fargo & Company boosted their price target on shares of Tractor Supply from $230.00 to $265.00 in a research report on Wednesday, January 5th. Robert W. Baird reiterated a “buy” rating and set a $250.00 price target on shares of Tractor Supply in a research report on Thursday. Oppenheimer upgraded shares of Tractor Supply from a “market perform” rating to an “outperform” rating and set a $270.00 price target on the stock in a research report on Friday, March 18th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their price target on shares of Tractor Supply from $215.00 to $235.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 18th. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $231.91.

Tractor Supply stock traded down $9.55 during midday trading on Monday, reaching $218.68. 56,577 shares of the company traded hands, compared to its average volume of 988,694. The firm has a market capitalization of $24.52 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 2.49 and a beta of 0.98. The business has a 50 day moving average of $223.16 and a two-hundred day moving average of $220.90. Tractor Supply has a 12 month low of $170.82 and a 12 month high of $241.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.57 and a quick ratio of 0.51.

Tractor Supply (NASDAQ:TSCOGet Rating) last released its quarterly earnings results on Thursday, January 27th. The specialty retailer reported $1.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.09. Tractor Supply had a net margin of 7.83% and a return on equity of 50.77%. The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period last year, the firm earned $1.64 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, equities analysts forecast that Tractor Supply will post 9.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 8th. Shareholders of record on Monday, February 21st were given a $0.92 dividend. The ex-dividend date of this dividend was Thursday, February 17th. This is an increase from Tractor Supply’s previous quarterly dividend of $0.52. This represents a $3.68 annualized dividend and a yield of 1.68%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.69%.

In other Tractor Supply news, CEO Harry A. Lawton III sold 20,049 shares of the stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $222.35, for a total transaction of $4,457,895.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Colin Yankee sold 6,659 shares of the firm’s stock in a transaction dated Monday, February 7th. The stock was sold at an average price of $217.64, for a total transaction of $1,449,264.76. The disclosure for this sale can be found here. Insiders sold 29,031 shares of company stock worth $6,416,873 over the last quarter. Insiders own 0.23% of the company’s stock.

Tractor Supply Profile (Get Rating)

Tractor Supply Company operates as a rural lifestyle retailer 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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