Tractor Supply (NASDAQ:TSCO) Position Increased by Charter Trust Co.

Charter Trust Co. grew its stake in shares of Tractor Supply (NASDAQ:TSCO) by 28.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,181 shares of the specialty retailer’s stock after acquiring an additional 1,153 shares during the period. Charter Trust Co.’s holdings in Tractor Supply were worth $506,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc increased its stake in shares of Tractor Supply by 0.3% during the third quarter. Vanguard Group Inc now owns 12,358,247 shares of the specialty retailer’s stock worth $1,123,118,000 after purchasing an additional 35,414 shares in the last quarter. BlackRock Inc. increased its stake in shares of Tractor Supply by 2.8% during the first quarter. BlackRock Inc. now owns 9,346,711 shares of the specialty retailer’s stock worth $913,734,000 after purchasing an additional 253,455 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Tractor Supply by 12,298.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,941,622 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 3,909,832 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Tractor Supply by 11.3% during the fourth quarter. Geode Capital Management LLC now owns 1,931,675 shares of the specialty retailer’s stock worth $160,949,000 after purchasing an additional 195,817 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Tractor Supply by 15.1% during the 1st quarter. Wells Fargo & Company MN now owns 1,641,704 shares of the specialty retailer’s stock valued at $160,493,000 after acquiring an additional 215,042 shares in the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply stock traded up $0.60 during midday trading on Friday, hitting $108.80. 766,701 shares of the company’s stock were exchanged, compared to its average volume of 1,366,129. Tractor Supply has a 12-month low of $74.93 and a 12-month high of $109.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.15 and a current ratio of 1.58. The stock has a market cap of $12.87 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 1.97 and a beta of 1.07. The business has a 50 day moving average price of $103.94.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, April 25th. The specialty retailer reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.07. Tractor Supply had a net margin of 6.68% and a return on equity of 36.16%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the business earned $0.57 EPS. The business’s revenue was up 8.3% on a year-over-year basis. Research analysts anticipate that Tractor Supply will post 4.77 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, May 24th. This is a boost from Tractor Supply’s previous quarterly dividend of $0.31. Tractor Supply’s dividend payout ratio (DPR) is 32.48%.

Several analysts recently issued reports on TSCO shares. BidaskClub cut shares of Tractor Supply from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Evercore ISI started coverage on shares of Tractor Supply in a research note on Wednesday, March 20th. They set an “outperform” rating and a $105.00 price objective for the company. Gordon Haskett upgraded shares of Tractor Supply from an “accumulate” rating to a “buy” rating in a report on Thursday, March 21st. Piper Jaffray Companies upped their price objective on shares of Tractor Supply from $102.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Bank of America restated a “neutral” rating and issued a $95.00 price objective on shares of Tractor Supply in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $99.11.

In related news, SVP John P. Ordus sold 10,968 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 21,000 shares in the company, valued at $2,185,890. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Benjamin F. Parrish, Jr. sold 37,596 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $99.00, for a total transaction of $3,722,004.00. Following the completion of the sale, the executive vice president now owns 26,549 shares of the company’s stock, valued at approximately $2,628,351. The disclosure for this sale can be found here. Insiders sold a total of 349,231 shares of company stock valued at $35,744,466 in the last 90 days. Company insiders own 1.50% of the company’s stock.

Tractor Supply Company Profile

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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