Tractor Supply (NASDAQ:TSCO) Shares Purchased by Baldwin Investment Management LLC

Baldwin Investment Management LLC lifted its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 283.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,760 shares of the specialty retailer's stock after buying an additional 32,358 shares during the quarter. Baldwin Investment Management LLC's holdings in Tractor Supply were worth $2,322,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TSCO. CIBC Private Wealth Group LLC grew its position in shares of Tractor Supply by 385.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,089,542 shares of the specialty retailer's stock worth $59,260,000 after buying an additional 865,273 shares in the last quarter. BOK Financial Private Wealth Inc. grew its holdings in Tractor Supply by 330.2% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 21,355 shares of the specialty retailer's stock worth $1,133,000 after acquiring an additional 16,391 shares in the last quarter. Blueshift Asset Management LLC increased its position in Tractor Supply by 571.8% during the 4th quarter. Blueshift Asset Management LLC now owns 66,815 shares of the specialty retailer's stock valued at $3,545,000 after purchasing an additional 56,870 shares during the period. Heritage Trust Co bought a new stake in shares of Tractor Supply in the 4th quarter valued at about $1,829,000. Finally, Callan Family Office LLC purchased a new stake in shares of Tractor Supply in the 4th quarter worth approximately $503,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Up 0.9 %

Tractor Supply stock traded up $0.46 during mid-day trading on Thursday, hitting $51.42. The company had a trading volume of 4,164,184 shares, compared to its average volume of 5,122,248. Tractor Supply has a 1 year low of $46.85 and a 1 year high of $61.53. The stock has a market cap of $27.34 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.95 and a beta of 0.82. The company has a quick ratio of 0.20, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average of $52.11 and a 200 day moving average of $54.27.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). The firm had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.55 billion. Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 EPS. On average, sell-side analysts expect that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply announced that its Board of Directors has approved a share buyback plan on Thursday, February 13th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its shares are undervalued.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were issued a $0.92 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 7.16%. This is a positive change from Tractor Supply's previous quarterly dividend of $0.22. Tractor Supply's payout ratio is presently 45.77%.

Insider Transactions at Tractor Supply

In other news, SVP Matthew L. Rubin sold 3,850 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $57.69, for a total value of $222,106.50. Following the completion of the sale, the senior vice president now directly owns 31,787 shares of the company's stock, valued at $1,833,792.03. This trade represents a 10.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Colin Yankee sold 24,602 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $54.15, for a total transaction of $1,332,198.30. Following the completion of the transaction, the executive vice president now owns 33,645 shares of the company's stock, valued at $1,821,876.75. This represents a 42.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,598 shares of company stock worth $2,234,481 over the last 90 days. 0.65% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TSCO shares. Truist Financial lowered their target price on shares of Tractor Supply from $63.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Stephens began coverage on Tractor Supply in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 target price on the stock. Bank of America raised their price target on Tractor Supply from $44.00 to $53.00 and gave the stock an "underperform" rating in a report on Thursday, January 16th. Robert W. Baird dropped their price objective on shares of Tractor Supply from $63.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Telsey Advisory Group set a $60.00 price target on Tractor Supply in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tractor Supply currently has an average rating of "Moderate Buy" and an average target price of $58.02.

Tractor Supply Company 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.