Cache Advisors LLC Acquires Shares of 5,255 Tractor Supply (NASDAQ:TSCO)

Cache Advisors LLC purchased a new position in Tractor Supply (NASDAQ:TSCO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,255 shares of the specialty retailer's stock, valued at approximately $279,000.

Several other institutional investors also recently modified their holdings of TSCO. Park Avenue Securities LLC increased its stake in shares of Tractor Supply by 442.1% during the fourth quarter. Park Avenue Securities LLC now owns 7,643 shares of the specialty retailer's stock valued at $406,000 after purchasing an additional 6,233 shares in the last quarter. Arkadios Wealth Advisors increased its stake in shares of Tractor Supply by 208.2% during the fourth quarter. Arkadios Wealth Advisors now owns 5,482 shares of the specialty retailer's stock valued at $291,000 after purchasing an additional 3,703 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Tractor Supply by 500.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,502 shares of the specialty retailer's stock valued at $80,000 after purchasing an additional 1,252 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Tractor Supply by 358.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 34,460 shares of the specialty retailer's stock valued at $1,829,000 after purchasing an additional 26,936 shares in the last quarter. Finally, Atomi Financial Group Inc. bought a new position in shares of Tractor Supply during the fourth quarter valued at approximately $203,000. 98.72% of the stock is currently owned by institutional investors.

Insider Activity at Tractor Supply

In related news, SVP Matthew L. Rubin sold 2,810 shares of Tractor Supply stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $51.76, for a total transaction of $145,445.60. Following the transaction, the senior vice president now owns 29,722 shares in the company, valued at approximately $1,538,410.72. The trade was a 8.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday. Robert W. Baird reduced their price target on shares of Tractor Supply from $63.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Mizuho reduced their price target on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Guggenheim reduced their price target on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Tractor Supply from $59.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Tractor Supply presently has an average rating of "Moderate Buy" and an average price target of $58.02.

Tractor Supply Stock Performance

Shares of Tractor Supply stock traded up $0.68 on Tuesday, hitting $50.38. 6,118,191 shares of the company's stock were exchanged, compared to its average volume of 5,150,957. The company has a 50-day simple moving average of $51.43 and a 200-day simple moving average of $53.86. The stock has a market capitalization of $26.71 billion, a PE ratio of 24.70, a PEG ratio of 2.95 and a beta of 0.82. Tractor Supply has a 1 year low of $46.85 and a 1 year high of $61.53. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.20 and a current ratio of 1.43.

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

Tractor Supply declared that its board has approved a stock buyback plan on Thursday, February 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Tractor Supply Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Wednesday, May 28th. Tractor Supply's dividend payout ratio (DPR) is 45.77%.

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.