Siemens Fonds Invest GmbH increased its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 4,490.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,052 shares of the specialty retailer's stock after buying an additional 50,918 shares during the period. Siemens Fonds Invest GmbH's holdings in Tractor Supply were worth $2,762,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of TSCO. Smithfield Trust Co grew its holdings in shares of Tractor Supply by 286.2% during the fourth quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer's stock valued at $25,000 after buying an additional 352 shares during the last quarter. Coppell Advisory Solutions LLC lifted its position in Tractor Supply by 944.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 425 shares during the period. PrairieView Partners LLC lifted its position in Tractor Supply by 400.0% during the fourth quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 400 shares during the period. Archer Investment Corp lifted its position in Tractor Supply by 400.0% during the fourth quarter. Archer Investment Corp now owns 500 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 400 shares during the period. Finally, Kentucky Trust Co acquired a new position in Tractor Supply during the fourth quarter valued at $27,000. 98.72% of the stock is owned by hedge funds and other institutional investors.
Tractor Supply Price Performance
NASDAQ TSCO traded down $0.55 during trading hours on Friday, hitting $48.42. 7,785,239 shares of the company's stock traded hands, compared to its average volume of 5,174,339. Tractor Supply has a 52-week low of $46.85 and a 52-week high of $61.53. The company has a market capitalization of $25.67 billion, a PE ratio of 23.74, a PEG ratio of 2.95 and a beta of 0.82. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.20. The firm's 50-day moving average is $51.15 and its 200-day moving average is $53.70.
Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced 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 analyst estimates of $3.55 billion. Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.83 EPS. Equities analysts forecast that Tractor Supply will post 2.17 EPS for the current fiscal year.
Tractor Supply declared that its Board of Directors has approved a stock buyback plan on Thursday, February 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.
Tractor Supply Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.90%. Tractor Supply's payout ratio is currently 45.77%.
Insider Buying and Selling at Tractor Supply
In other Tractor Supply news, SVP Matthew L. Rubin sold 2,810 shares of the firm's stock in a transaction that occurred on 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 transaction, the senior vice president now owns 29,722 shares of the company's stock, valued at $1,538,410.72. This trade represents a 8.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.65% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts recently issued reports on TSCO shares. Mizuho decreased their target price 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 decreased their target price 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. Telsey Advisory Group set a $60.00 target price on shares of Tractor Supply in a research report on Friday, April 25th. Raymond James decreased their target price on shares of Tractor Supply from $61.00 to $57.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their price objective 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Tractor Supply currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.02.
Read Our Latest Analysis on Tractor Supply
About Tractor Supply
(
Free Report)
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.
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