Advantage Trust Co Buys Shares of 225 Tractor Supply (NASDAQ:TSCO)

Advantage Trust Co purchased a new position in shares of Tractor Supply (NASDAQ:TSCO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 225 shares of the specialty retailer’s stock, valued at approximately $48,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Tractor Supply during the 3rd quarter valued at approximately $25,000. Pinnacle Bancorp Inc. bought a new position in shares of Tractor Supply in the 4th quarter valued at $28,000. VisionPoint Advisory Group LLC boosted its holdings in shares of 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 acquiring an additional 76 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Tractor Supply during the 3rd quarter valued at $33,000. Finally, Cetera Trust Company N.A bought a new stake in Tractor Supply during the 4th quarter worth $38,000. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TSCO shares. UBS Group lifted their price target on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. 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 report on Friday, February 2nd. Raymond James raised their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Evercore ISI lifted 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, April 26th. Finally, Morgan Stanley increased their price objective on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Hold” and a consensus target price of $253.54.

Insider Activity

In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the completion of the transaction, the chief financial officer now owns 25,013 shares in the company, valued at approximately $5,804,516.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at approximately $5,804,516.78. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert D. Mills sold 48,334 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the completion of the sale, the executive vice president now owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Insiders sold 62,470 shares of company stock worth $14,773,121 over the last three months. 0.58% of the stock is currently owned by insiders.

Tractor Supply Stock Up 1.1 %

Shares of TSCO stock traded up $3.05 on Thursday, reaching $269.70. 610,271 shares of the company were exchanged, compared to its average volume of 1,151,836. 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 company has a 50-day moving average of $257.00 and a 200-day moving average of $230.56. The company has a market cap of $29.11 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 3.41 and a beta of 0.82. Tractor Supply has a one year low of $185.00 and a one year high of $279.38.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly 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. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the company earned $1.65 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts anticipate that Tractor Supply will post 10.3 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.63%. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

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.