Tractor Supply (NASDAQ:TSCO) Shares Acquired by FourThought Financial Partners LLC

FourThought Financial Partners LLC boosted its holdings in Tractor Supply (NASDAQ:TSCO) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,856 shares of the specialty retailer’s stock after acquiring an additional 555 shares during the quarter. FourThought Financial Partners LLC’s holdings in Tractor Supply were worth $2,334,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TSCO. OFI Invest Asset Management bought a new position in Tractor Supply in the 3rd quarter valued at about $25,000. Pinnacle Bancorp Inc. acquired a new stake in Tractor Supply in the fourth quarter worth approximately $28,000. VisionPoint Advisory Group LLC boosted its stake in Tractor Supply by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 76 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Tractor Supply during the 3rd quarter valued at $33,000. Finally, Cetera Trust Company N.A acquired a new stake in shares of Tractor Supply in the fourth quarter valued at $38,000. Institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In other Tractor Supply news, EVP Jonathan S. Estep sold 7,120 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the completion of the transaction, the executive vice president now owns 13,605 shares in the company, valued at $3,159,897.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the transaction, the chief financial officer now owns 20,678 shares in the company, valued at $5,314,246. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan S. Estep sold 7,120 shares of Tractor Supply stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the completion of the transaction, the executive vice president now owns 13,605 shares of the company’s stock, valued at approximately $3,159,897.30. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 over the last quarter. Company insiders own 0.24% of the company’s stock.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO traded up $3.51 during mid-day trading on Friday, hitting $270.21. The company had a trading volume of 1,135,143 shares, compared to its average volume of 1,174,176. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. The business’s 50-day simple moving average is $255.80 and its 200-day simple moving average is $229.00. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $279.38. The firm has a market cap of $29.16 billion, a P/E ratio of 26.31, a PEG ratio of 3.36 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter last year, the company earned $1.65 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. As a group, analysts predict that Tractor Supply will post 10.3 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a dividend of $1.10 per share. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.63%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.84%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Raymond James upped their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Telsey Advisory Group lifted their price target on shares of Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday. Robert W. Baird increased their price objective on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Mizuho reiterated a “neutral” rating and set a $250.00 price objective (up previously from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Finally, TD Cowen increased their price objective on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $253.54.

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.