Sunbelt Securities Inc. lifted its position in Tractor Supply (NASDAQ:TSCO - Free Report) by 374.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,001 shares of the specialty retailer's stock after acquiring an additional 14,206 shares during the period. Sunbelt Securities Inc.'s holdings in Tractor Supply were worth $947,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Smithfield Trust Co increased its holdings in shares of Tractor Supply by 286.2% in the 4th quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 352 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Tractor Supply by 28.2% in the 4th quarter. Blue Trust Inc. now owns 1,646 shares of the specialty retailer's stock worth $87,000 after purchasing an additional 362 shares in the last quarter. Dunhill Financial LLC increased its holdings in shares of Tractor Supply by 325.8% in the 4th quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 391 shares in the last quarter. Archer Investment Corp increased its holdings in shares of Tractor Supply by 400.0% in the 4th quarter. Archer Investment Corp now owns 500 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 400 shares in the last quarter. Finally, PrairieView Partners LLC increased its holdings 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. Institutional investors own 98.72% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently commented on TSCO shares. Stephens started coverage on Tractor Supply in a report on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 price objective for the company. Robert W. Baird lowered their target price on Tractor Supply from $63.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. lowered their price objective on Tractor Supply from $59.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Guggenheim reduced their target price on Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Raymond James reduced their price objective on Tractor Supply from $61.00 to $57.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Tractor Supply currently has a consensus rating of "Moderate Buy" and an average target price of $58.02.
Read Our Latest Stock Report on TSCO
Tractor Supply Trading Up 1.4%
Shares of NASDAQ TSCO traded up $0.68 during trading on Tuesday, hitting $50.38. 6,118,191 shares of the company traded hands, compared to its average volume of 5,150,957. The company has a quick ratio of 0.20, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $26.71 billion, a P/E ratio of 24.70, a P/E/G ratio of 2.95 and a beta of 0.82. The company has a 50-day moving average price of $51.43 and a 200-day moving average price of $53.86. 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 posted 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). The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.55 billion. Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. The business's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.83 EPS. On average, equities analysts predict that Tractor Supply will post 2.17 EPS for the current year.
Tractor Supply Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 1.83%. Tractor Supply's dividend payout ratio is currently 45.77%.
Tractor Supply announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 13th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to reacquire up to 3.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.
Insiders Place Their Bets
In other Tractor Supply news, SVP Matthew L. Rubin sold 2,810 shares of the business's stock in a transaction 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 transaction, the senior vice president now owns 29,722 shares in the company, valued at $1,538,410.72. The trade was a 8.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.65% of the stock is currently owned by company insiders.
Tractor Supply Company Profile
(
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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