Tractor Supply (NASDAQ:TSCO) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 6,014.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 837,796 shares of the specialty retailer's stock after acquiring an additional 824,094 shares during the period. GAMMA Investing LLC owned about 0.16% of Tractor Supply worth $46,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Coppell Advisory Solutions LLC raised its holdings in Tractor Supply by 944.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 425 shares during the last quarter. Smithfield Trust Co boosted its stake in shares of Tractor Supply by 286.2% during the 4th quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 352 shares during the last quarter. Archer Investment Corp grew its position in shares of Tractor Supply by 400.0% during the 4th quarter. Archer Investment Corp now owns 500 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 400 shares during the period. PrairieView Partners LLC increased its stake in shares of Tractor Supply by 400.0% in the 4th quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 400 shares in the last quarter. Finally, Kentucky Trust Co purchased a new stake in shares of Tractor Supply in the 4th quarter worth $27,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Insiders Place Their Bets

In other news, SVP Matthew L. Rubin sold 2,810 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total value of $145,445.60. Following the completion of the transaction, the senior vice president now directly owns 29,722 shares of the company's stock, valued at approximately $1,538,410.72. The trade was a 8.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.65% of the stock is owned by company insiders.

Tractor Supply Trading Down 1.2%

NASDAQ:TSCO traded down $0.63 during midday trading on Friday, hitting $50.82. The stock had a trading volume of 3,218,628 shares, compared to its average volume of 5,182,316. The stock has a 50-day moving average of $50.77 and a 200 day moving average of $53.53. The company has a market capitalization of $26.94 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 2.95 and a beta of 0.74. Tractor Supply has a one year low of $46.85 and a one year high of $61.53. The company has a quick ratio of 0.20, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted 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 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 quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.83 EPS. As a group, sell-side analysts forecast that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply announced that its board has approved a stock buyback plan on Thursday, February 13th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to purchase up to 3.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

Tractor Supply Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, May 28th. Tractor Supply's dividend payout ratio (DPR) is 45.77%.

Wall Street Analyst Weigh In

TSCO has been the topic of several recent research reports. Wall Street Zen raised Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Citigroup lowered their price objective on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Mizuho decreased their target price on Tractor Supply from $62.00 to $58.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Robert W. Baird dropped their price target on Tractor Supply from $63.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Raymond James cut their price objective on shares of Tractor Supply from $61.00 to $57.00 and set an "outperform" rating for the company 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $58.02.

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.