Monumental Financial Group Inc. Has $1.12 Million Holdings in Tractor Supply (NASDAQ:TSCO)

Monumental Financial Group Inc. raised its stake in shares of Tractor Supply (NASDAQ:TSCO) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,188 shares of the specialty retailer’s stock after buying an additional 89 shares during the period. Monumental Financial Group Inc.’s holdings in Tractor Supply were worth $1,116,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its position in shares of Tractor Supply by 160.5% during the third quarter. Exchange Traded Concepts LLC now owns 2,373 shares of the specialty retailer’s stock valued at $482,000 after purchasing an additional 1,462 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Tractor Supply by 10.0% during the 3rd quarter. Private Trust Co. NA now owns 734 shares of the specialty retailer’s stock worth $149,000 after buying an additional 67 shares in the last quarter. Czech National Bank boosted its stake in shares of Tractor Supply by 46.7% in the 3rd quarter. Czech National Bank now owns 19,027 shares of the specialty retailer’s stock worth $3,863,000 after buying an additional 6,056 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Tractor Supply by 0.6% in the third quarter. Asset Management One Co. Ltd. now owns 47,497 shares of the specialty retailer’s stock valued at $9,644,000 after acquiring an additional 290 shares in the last quarter. Finally, Simplicity Solutions LLC grew its holdings in shares of Tractor Supply by 8.4% in the third quarter. Simplicity Solutions LLC now owns 3,890 shares of the specialty retailer’s stock valued at $790,000 after acquiring an additional 301 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stephens cut Tractor Supply from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $226.00 to $240.00 in a research report on Tuesday, January 23rd. Evercore ISI boosted their price target on shares of Tractor Supply from $275.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday. Wells Fargo & Company raised their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Morgan Stanley lifted their price objective on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research report on Friday. Finally, Wedbush reissued a “neutral” rating and set a $235.00 target price on shares of Tractor Supply in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $248.17.

Tractor Supply Price Performance

Shares of TSCO stock traded up $8.64 during trading hours on Friday, reaching $273.90. The stock had a trading volume of 1,599,528 shares, compared to its average volume of 1,032,605. The stock’s fifty day simple moving average is $252.44 and its 200 day simple moving average is $226.90. The firm has a market capitalization of $29.56 billion, a PE ratio of 26.67, a PEG ratio of 4.10 and a beta of 0.84. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $274.66. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.13. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.65 EPS. On average, equities research analysts predict that Tractor Supply will post 10.26 EPS for the current year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Insider Transactions at Tractor Supply

In other news, CEO Harry A. Lawton III sold 20,500 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the transaction, the chief executive officer now owns 95,192 shares of the company’s stock, valued at approximately $22,173,072.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Tractor Supply news, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the completion of the sale, the chief executive officer now owns 95,192 shares of the company’s stock, valued at $22,173,072.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jonathan S. Estep sold 7,120 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.26, for a total value of $1,653,691.20. Following the transaction, the executive vice president now owns 13,605 shares in the company, valued at $3,159,897.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,090 shares of company stock valued at $21,201,877. 0.24% of the stock is owned by corporate insiders.

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.