Running Oak Capital LLC Buys 30,645 Shares of Tractor Supply Company (NASDAQ:TSCO)

Running Oak Capital LLC boosted its position in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 12.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 279,821 shares of the specialty retailer's stock after buying an additional 30,645 shares during the quarter. Tractor Supply makes up about 1.9% of Running Oak Capital LLC's holdings, making the stock its 28th biggest position. Running Oak Capital LLC owned about 0.05% of Tractor Supply worth $15,418,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. FORA Capital LLC increased its position in Tractor Supply by 434.1% during the fourth quarter. FORA Capital LLC now owns 35,526 shares of the specialty retailer's stock worth $1,885,000 after acquiring an additional 28,875 shares during the period. Sowell Financial Services LLC lifted its position in Tractor Supply by 49.3% in the first quarter. Sowell Financial Services LLC now owns 20,029 shares of the specialty retailer's stock worth $1,104,000 after purchasing an additional 6,612 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Tractor Supply by 385.8% during the fourth 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. increased its holdings in Tractor Supply by 330.2% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 21,355 shares of the specialty retailer's stock valued at $1,133,000 after buying an additional 16,391 shares during the period. Finally, Gen Wealth Partners Inc raised its stake in shares of Tractor Supply by 513.8% in the 4th quarter. Gen Wealth Partners Inc now owns 14,320 shares of the specialty retailer's stock valued at $760,000 after buying an additional 11,987 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

Tractor Supply Trading Up 1.6%

TSCO traded up $0.84 during trading on Monday, reaching $53.36. 1,636,663 shares of the company's stock were exchanged, compared to its average volume of 5,157,917. The company's fifty day moving average price is $50.71 and its 200-day moving average price is $53.13. The firm has a market capitalization of $28.29 billion, a PE ratio of 26.43, a P/E/G ratio of 2.83 and a beta of 0.74. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $61.53. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.17 and a current ratio of 1.41.

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 the consensus estimate of $0.37 by ($0.03). Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same period in the previous year, the company posted $1.83 EPS. The company's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were issued a $0.23 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 annualized dividend and a yield of 1.72%. Tractor Supply's dividend payout ratio (DPR) is presently 45.77%.

Insider Transactions at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 2,810 shares of the stock in a transaction dated 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 sale, the senior vice president now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TSCO. Citigroup decreased their target price on shares of Tractor Supply from $59.00 to $51.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Guggenheim lowered their price target on Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Stephens started coverage on shares of Tractor Supply in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of Tractor Supply from $59.00 to $56.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Wall Street Zen downgraded shares of Tractor Supply from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Tractor Supply has a consensus rating of "Moderate Buy" and a consensus 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.