Jennison Associates LLC Sells 3,188 Shares of Tractor Supply (NASDAQ:TSCO)

Jennison Associates LLC lowered its holdings in Tractor Supply (NASDAQ:TSCO) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,428 shares of the specialty retailer’s stock after selling 3,188 shares during the quarter. Jennison Associates LLC’s holdings in Tractor Supply were worth $15,789,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Duality Advisers LP raised its stake in shares of Tractor Supply by 282.2% during the 4th quarter. Duality Advisers LP now owns 20,654 shares of the specialty retailer’s stock worth $4,441,000 after acquiring an additional 15,250 shares in the last quarter. Cetera Trust Company N.A bought a new position in shares of Tractor Supply during the 4th quarter worth approximately $38,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Tractor Supply by 1.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,998 shares of the specialty retailer’s stock worth $2,150,000 after acquiring an additional 167 shares in the last quarter. Criterion Capital Advisors LLC bought a new position in shares of Tractor Supply during the 4th quarter worth approximately $1,450,000. Finally, Signaturefd LLC raised its stake in shares of Tractor Supply by 54.0% during the 4th quarter. Signaturefd LLC now owns 2,231 shares of the specialty retailer’s stock worth $480,000 after acquiring an additional 782 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $265.26 on Friday. The stock has a market capitalization of $28.63 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 3.88 and a beta of 0.84. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $268.02. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. The stock’s 50-day moving average price is $251.70 and its 200-day moving average price is $226.10.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, beating the consensus estimate of $2.22 by $0.06. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. Tractor Supply’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the company earned $2.43 earnings per share. As a group, equities analysts expect that Tractor Supply will post 10.2 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given 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 dividend on an annualized basis and a yield of 1.66%. Tractor Supply’s dividend payout ratio is currently 43.61%.

Wall Street Analyst Weigh In

Several research analysts recently commented on TSCO shares. Mizuho started coverage on shares of Tractor Supply in a research note on Tuesday, March 19th. They set a “neutral” rating and a $245.00 price objective for the company. Guggenheim boosted their target price on shares of Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. The Goldman Sachs Group boosted their target price on shares of Tractor Supply from $230.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Truist Financial boosted their target price on shares of Tractor Supply from $256.00 to $277.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Finally, Wedbush reissued a “neutral” rating and set a $235.00 target price on shares of Tractor Supply in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Hold” and an average target price of $241.65.

Insider Buying and Selling at Tractor Supply

In other news, SVP Matthew L. Rubin sold 725 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $238.09, for a total transaction of $172,615.25. Following the completion of the sale, the senior vice president now owns 5,710 shares of the company’s stock, valued at $1,359,493.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Jonathan S. Estep sold 7,120 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.26, for a total value of $1,653,691.20. Following the completion of the transaction, the executive vice president now directly owns 13,605 shares of the company’s stock, valued at approximately $3,159,897.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Matthew L. Rubin sold 725 shares of Tractor Supply stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $238.09, for a total transaction of $172,615.25. Following the sale, the senior vice president now directly owns 5,710 shares in the company, valued at approximately $1,359,493.90. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock valued at $21,201,877 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Tractor Supply 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.