11,946 Shares in Tractor Supply Company (NASDAQ:TSCO) Purchased by Entropy Technologies LP

Key Points

• Entropy Technologies LP has invested approximately $658,000 in Tractor Supply Company by purchasing 11,946 shares during the first quarter.
• Multiple institutional investors have significantly increased their stakes in Tractor Supply, with Coppell Advisory Solutions LLC raising its position by 944.4% in the fourth quarter alone.
• Tractor Supply's recent earnings report exceeded analysts' estimates, reporting an EPS of $0.81, and the company has disclosed a quarterly dividend of $0.23 to be paid in September.

Entropy Technologies LP bought a new position in Tractor Supply Company (NASDAQ:TSCO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,946 shares of the specialty retailer's stock, valued at approximately $658,000.

Other large investors also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC grew its position in Tractor Supply by 944.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 425 shares in the last quarter. GW&K Investment Management LLC grew its position in Tractor Supply by 89.3% in the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 226 shares in the last quarter. Dunhill Financial LLC grew its position in Tractor Supply by 325.8% in the fourth quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 391 shares in the last quarter. Pacific Center for Financial Services grew its position in Tractor Supply by 400.0% in the fourth quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 440 shares in the last quarter. Finally, LRI Investments LLC boosted its holdings in shares of Tractor Supply by 400.0% during the 4th quarter. LRI Investments LLC now owns 615 shares of the specialty retailer's stock worth $33,000 after buying an additional 492 shares during the period. 98.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TSCO shares. Robert W. Baird raised their target price on shares of Tractor Supply from $56.00 to $61.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Truist Financial raised their target price on shares of Tractor Supply from $60.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Guggenheim lowered their target price on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company raised their target price on shares of Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, Bank of America upgraded shares of Tractor Supply from an "underperform" rating to a "buy" rating and set a $70.00 target price on the stock in a research note on Thursday, July 24th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.80.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO traded up $0.80 during midday trading on Friday, reaching $60.49. 3,901,483 shares of the company's stock were exchanged, compared to its average volume of 5,670,729. The company's 50 day simple moving average is $56.02 and its two-hundred day simple moving average is $53.78. The firm has a market capitalization of $32.06 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 3.07 and a beta of 0.75. Tractor Supply Company has a 12 month low of $46.85 and a 12 month high of $63.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $3.93 EPS. Equities research analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 25th. Tractor Supply's dividend payout ratio (DPR) is presently 45.10%.

Insider Activity at Tractor Supply

In related news, CFO Kurt D. Barton sold 90,000 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $63.96, for a total transaction of $5,756,400.00. Following the completion of the sale, the chief financial officer owned 47,715 shares in the company, valued at $3,051,851.40. This trade represents a 65.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Colin Yankee sold 6,680 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $58.40, for a total transaction of $390,112.00. Following the sale, the executive vice president owned 40,142 shares of the company's stock, valued at $2,344,292.80. This trade represents a 14.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 204,680 shares of company stock worth $12,071,552 in the last ninety days. Company insiders own 0.65% of the company's stock.

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.