Tractor Supply (NASDAQ:TSCO) Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. trimmed its position in shares of Tractor Supply (NASDAQ:TSCO) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,181 shares of the specialty retailer’s stock after selling 123 shares during the period. First Citizens Bank & Trust Co.’s holdings in Tractor Supply were worth $344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply during the 1st quarter worth $26,000. LRI Investments LLC acquired a new stake in shares of Tractor Supply during the 1st quarter worth $28,000. Whittier Trust Co. increased its holdings in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the last quarter. J.Safra Asset Management Corp increased its holdings in shares of Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after buying an additional 98 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Tractor Supply during the 2nd quarter worth $33,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Tractor Supply Price Performance

TSCO opened at $297.62 on Monday. The firm has a market cap of $32.10 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 3.74 and a beta of 0.80. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $307.64. The company’s 50-day moving average price is $279.96 and its 200 day moving average price is $272.03. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting the consensus estimate of $3.93. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. Tractor Supply’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.83 earnings per share. As a group, sell-side analysts expect that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were paid a $1.10 dividend. The ex-dividend date was Monday, August 26th. This represents a $4.40 annualized dividend and a dividend yield of 1.48%. Tractor Supply’s payout ratio is currently 42.43%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSCO. Wedbush reiterated a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a report on Friday, July 26th. Benchmark reiterated a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a report on Monday, September 30th. Truist Financial increased their price target on Tractor Supply from $293.00 to $325.00 and gave the company a “buy” rating in a report on Monday, October 14th. Robert W. Baird set a $320.00 price target on Tractor Supply in a report on Thursday. Finally, Wells Fargo & Company increased their price target on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $272.50.

Tractor Supply Company Profile

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.