Cromwell Holdings LLC Has $60,000 Stake in Tractor Supply (NASDAQ:TSCO)

Cromwell Holdings LLC cut its position in Tractor Supply (NASDAQ:TSCO) by 41.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 206 shares of the specialty retailer’s stock after selling 145 shares during the quarter. Cromwell Holdings LLC’s holdings in Tractor Supply were worth $60,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the first quarter valued at approximately $26,000. LRI Investments LLC bought a new position in shares of Tractor Supply in the 1st quarter valued at $28,000. J.Safra Asset Management Corp boosted 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 valued at $29,000 after acquiring an additional 98 shares in the last quarter. Whittier Trust Co. grew its position in 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 acquiring an additional 42 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Tractor Supply in the 2nd quarter worth about $33,000. Institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

TSCO has been the topic of a number of recent research reports. Mizuho lifted their price target on Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday. UBS Group lifted their target price on shares of Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday. Robert W. Baird set a $320.00 price target on shares of Tractor Supply in a research report on Thursday, October 17th. Piper Sandler raised their target price on Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Finally, DA Davidson upped their price target on Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Tractor Supply currently has a consensus rating of “Hold” and an average price target of $277.70.

Tractor Supply Trading Down 0.6 %

NASDAQ TSCO opened at $272.77 on Friday. 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 has a 52 week low of $185.00 and a 52 week high of $307.64. The business has a 50 day moving average price of $282.24 and a 200-day moving average price of $273.05. The company has a market cap of $29.41 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 3.66 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.49 billion. As a group, equities analysts expect that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were given a $1.10 dividend. The ex-dividend date was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.61%. Tractor Supply’s payout ratio is 42.84%.

Insider Buying and Selling at Tractor Supply

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

About Tractor Supply

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.