Bellecapital International Ltd. Has $9.34 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Bellecapital International Ltd. lifted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,089 shares of the specialty retailer’s stock after purchasing an additional 1,014 shares during the quarter. Tractor Supply makes up about 1.9% of Bellecapital International Ltd.’s holdings, making the stock its 18th biggest position. Bellecapital International Ltd.’s holdings in Tractor Supply were worth $9,336,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TSCO. Henrickson Nauta Wealth Advisors Inc. increased its position in Tractor Supply by 3.2% during the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock worth $328,000 after buying an additional 35 shares during the last quarter. Signature Wealth Management Group raised its stake in shares of Tractor Supply by 0.5% in the 2nd quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock valued at $1,890,000 after acquiring an additional 38 shares in the last quarter. X Square Capital LLC lifted its holdings in Tractor Supply by 1.6% in the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock worth $696,000 after purchasing an additional 41 shares during the last quarter. Eads & Heald Wealth Management boosted its position in Tractor Supply by 0.6% during the second quarter. Eads & Heald Wealth Management now owns 7,040 shares of the specialty retailer’s stock worth $1,901,000 after purchasing an additional 42 shares during the period. Finally, Whittier Trust Co. grew its holdings in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling

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

Tractor Supply Price Performance

NASDAQ:TSCO traded down $4.98 during trading hours on Monday, reaching $292.64. The company had a trading volume of 162,335 shares, compared to its average volume of 1,043,064. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $279.96 and a two-hundred day moving average of $272.03. Tractor Supply has a one year low of $185.00 and a one year high of $307.64. The firm has a market capitalization of $31.57 billion, a PE ratio of 28.70, a PEG ratio of 3.74 and a beta of 0.80.

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

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Monday, August 26th. Tractor Supply’s payout ratio is currently 42.43%.

Analysts Set New Price Targets

TSCO has been the topic of a number of research analyst reports. Evercore ISI lowered shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 target price on the stock. in a research note on Thursday, October 3rd. Telsey Advisory Group raised their price target on Tractor Supply from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday. Melius Research started coverage on Tractor Supply in a report on Monday, September 23rd. They issued a “buy” rating and a $315.00 target price on the stock. Robert W. Baird set a $320.00 price target on Tractor Supply in a report on Thursday. Finally, Citigroup lowered shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.