Czech National Bank Buys 6,871 Shares of Tractor Supply (NASDAQ:TSCO)

Czech National Bank lifted its stake in Tractor Supply (NASDAQ:TSCO - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 122,696 shares of the specialty retailer's stock after buying an additional 6,871 shares during the period. Czech National Bank's holdings in Tractor Supply were worth $6,761,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TSCO. FORA Capital LLC increased its holdings in Tractor Supply by 434.1% in the 4th quarter. FORA Capital LLC now owns 35,526 shares of the specialty retailer's stock valued at $1,885,000 after buying an additional 28,875 shares during the period. CIBC Private Wealth Group LLC boosted 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 valued at $59,260,000 after acquiring an additional 865,273 shares in the last quarter. BOK Financial Private Wealth Inc. increased its stake in Tractor Supply by 330.2% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 21,355 shares of the specialty retailer's stock valued at $1,133,000 after acquiring an additional 16,391 shares during the period. Gen Wealth Partners Inc raised its position in Tractor Supply by 513.8% in the fourth quarter. Gen Wealth Partners Inc now owns 14,320 shares of the specialty retailer's stock worth $760,000 after purchasing an additional 11,987 shares in the last quarter. Finally, Blueshift Asset Management LLC lifted its stake in Tractor Supply by 571.8% during the fourth quarter. Blueshift Asset Management LLC now owns 66,815 shares of the specialty retailer's stock worth $3,545,000 after purchasing an additional 56,870 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Matthew L. Rubin sold 2,810 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $51.76, for a total value of $145,445.60. Following the completion of the sale, the senior vice president now owns 29,722 shares in the company, valued at $1,538,410.72. This represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.65% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Guggenheim dropped their target price on Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a report on Friday, April 25th. Raymond James lowered their price target on Tractor Supply from $61.00 to $57.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Mizuho cut their price objective on Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Telsey Advisory Group set a $60.00 target price on shares of Tractor Supply in a research note on Friday, April 25th. Finally, Robert W. Baird lowered their target price 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply currently has a consensus rating of "Moderate Buy" and an average target price of $58.02.

Tractor Supply Trading Up 0.6%

NASDAQ TSCO traded up $0.29 during trading hours on Wednesday, hitting $49.34. 7,020,102 shares of the company's stock were exchanged, compared to its average volume of 5,171,917. The firm has a market cap of $26.16 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 2.95 and a beta of 0.74. The stock has a 50-day simple moving average of $50.93 and a 200 day simple moving average of $53.59. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82. Tractor Supply has a 1-year low of $46.85 and a 1-year high of $61.53.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.55 billion. Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. Tractor Supply's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.83 EPS. On average, equities analysts forecast that Tractor Supply will post 2.17 EPS for the current fiscal year.

Tractor Supply declared that its board has authorized a share buyback plan on Thursday, February 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to repurchase up to 3.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Tractor Supply Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Wednesday, May 28th. Tractor Supply's dividend payout ratio (DPR) is presently 45.77%.

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.