Ethos Financial Group LLC Takes Position in Tractor Supply (NASDAQ:TSCO)

Ethos Financial Group LLC acquired a new stake in Tractor Supply (NASDAQ:TSCO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,618 shares of the specialty retailer’s stock, valued at approximately $348,000.

Other hedge funds also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its position in shares of Tractor Supply by 2.5% during the 3rd quarter. Mackenzie Financial Corp now owns 20,640 shares of the specialty retailer’s stock valued at $4,201,000 after acquiring an additional 498 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Tractor Supply by 6.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 24,735 shares of the specialty retailer’s stock worth $5,022,000 after buying an additional 1,509 shares during the last quarter. NBT Bank N A NY purchased a new stake in shares of Tractor Supply during the 3rd quarter valued at $260,000. Park Avenue Securities LLC bought a new stake in shares of Tractor Supply during the 3rd quarter worth $554,000. Finally, TIAA Trust National Association purchased a new position in Tractor Supply in the third quarter worth $557,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling

In other news, EVP Robert D. Mills sold 48,334 shares of Tractor Supply stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the transaction, the executive vice president now owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the sale, the executive vice president now owns 22,167 shares in the company, valued at $5,147,842.41. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at $5,804,516.78. The disclosure for this sale can be found here. Insiders have sold 62,470 shares of company stock worth $14,773,121 in the last 90 days. Insiders own 0.58% of the company’s stock.

Tractor Supply Stock Up 1.1 %

TSCO stock traded up $3.05 during midday trading on Thursday, hitting $269.70. The stock had a trading volume of 610,271 shares, compared to its average volume of 1,151,836. The business has a 50-day moving average of $257.31 and a two-hundred day moving average of $230.83. 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 firm has a market cap of $29.11 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 3.41 and a beta of 0.82. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $279.38.

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, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the prior year, the firm earned $1.65 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. As a group, equities research analysts forecast that Tractor Supply will post 10.3 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th will be given 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 is currently 42.84%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wedbush reiterated a “neutral” rating and set a $235.00 price objective on shares of Tractor Supply in a research report on Tuesday, April 23rd. Truist Financial boosted their price objective on shares of Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Guggenheim increased their target price on shares of Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 2nd. TD Cowen boosted their price target on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group raised their price objective on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.