Archer Investment Corp Sells 1,340 Shares of Tractor Supply (NASDAQ:TSCO)

Archer Investment Corp decreased its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 57.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,010 shares of the specialty retailer’s stock after selling 1,340 shares during the quarter. Archer Investment Corp’s holdings in Tractor Supply were worth $217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. TRUE Private Wealth Advisors raised its position in shares of Tractor Supply by 51.1% during the 4th quarter. TRUE Private Wealth Advisors now owns 1,594 shares of the specialty retailer’s stock valued at $343,000 after acquiring an additional 539 shares during the last quarter. Allen Capital Group LLC raised its position in shares of Tractor Supply by 20.8% during the 4th quarter. Allen Capital Group LLC now owns 10,718 shares of the specialty retailer’s stock valued at $2,305,000 after acquiring an additional 1,849 shares during the last quarter. Eads & Heald Wealth Management raised its position in shares of Tractor Supply by 3.5% during the 4th quarter. Eads & Heald Wealth Management now owns 7,038 shares of the specialty retailer’s stock valued at $1,513,000 after acquiring an additional 235 shares during the last quarter. BOK Financial Private Wealth Inc. increased its position in shares of Tractor Supply by 49.7% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 6,104 shares of the specialty retailer’s stock valued at $1,313,000 after buying an additional 2,026 shares in the last quarter. Finally, Waldron Private Wealth LLC increased its position in shares of Tractor Supply by 5.0% in the 4th quarter. Waldron Private Wealth LLC now owns 2,271 shares of the specialty retailer’s stock valued at $488,000 after buying an additional 109 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Transactions at Tractor Supply

In related news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the transaction, the chief financial officer now directly owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the transaction, the chief financial officer now directly owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the completion of the transaction, the chief executive officer now directly owns 95,192 shares in the company, valued at $22,173,072.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,090 shares of company stock valued at $21,201,877. 0.24% of the stock is currently owned by company insiders.

Tractor Supply Trading Up 1.0 %

Shares of NASDAQ:TSCO opened at $247.39 on Thursday. The company has a market capitalization of $26.70 billion, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 3.68 and a beta of 0.84. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.28 and a current ratio of 1.50. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $268.02. The company has a 50-day simple moving average of $249.23 and a 200 day simple moving average of $224.12.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.06. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The business’s revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.43 EPS. Sell-side analysts forecast that Tractor Supply will post 10.19 earnings per share for the current year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a dividend yield of 1.78%. Tractor Supply’s dividend payout ratio (DPR) is currently 43.61%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Mizuho assumed coverage on shares of Tractor Supply in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $245.00 price objective for the company. Raymond James cut shares of Tractor Supply from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $230.00 to $250.00 in a research report on Friday, February 2nd. Stephens cut shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $226.00 to $240.00 in a research report on Tuesday, January 23rd. Telsey Advisory Group upped their price objective on shares of Tractor Supply from $245.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Guggenheim upped their price objective on shares of Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $240.57.

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.