Tractor Supply (NASDAQ:TSCO) Shares Purchased by Sunbelt Securities Inc.

Sunbelt Securities Inc. lifted its holdings in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 374.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,001 shares of the specialty retailer's stock after buying an additional 14,206 shares during the period. Sunbelt Securities Inc.'s holdings in Tractor Supply were worth $947,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smithfield Trust Co grew its position 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 valued at $25,000 after acquiring an additional 352 shares during the period. Coppell Advisory Solutions LLC raised its stake in Tractor Supply by 944.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 425 shares during the period. PrairieView Partners LLC lifted its holdings in Tractor Supply by 400.0% during the 4th 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 last quarter. Archer Investment Corp increased its holdings in shares of Tractor Supply by 400.0% in 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 last quarter. Finally, Kentucky Trust Co bought a new position in shares of Tractor Supply in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 98.72% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TSCO. UBS Group set a $54.00 price objective on Tractor Supply in a report on Friday, April 25th. Raymond James cut their price target on Tractor Supply from $61.00 to $57.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Truist Financial dropped their price objective on Tractor Supply from $63.00 to $60.00 and set a "buy" rating for the company in a report on Friday, January 31st. Citigroup cut their target price on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Finally, Mizuho decreased their price target on Tractor Supply from $62.00 to $58.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has issued 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.

Insider Transactions at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 2,810 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total transaction of $145,445.60. Following the sale, the senior vice president now owns 29,722 shares in the company, valued at $1,538,410.72. This trade represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.65% of the stock is owned by insiders.

Tractor Supply Stock Performance

Tractor Supply stock traded down $0.09 during mid-day trading on Thursday, reaching $48.98. The company's stock had a trading volume of 1,858,436 shares, compared to its average volume of 5,139,058. The firm's fifty day moving average price is $51.33 and its two-hundred day moving average price is $53.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.20 and a current ratio of 1.43. Tractor Supply has a 12-month low of $46.85 and a 12-month high of $61.53. The company has a market capitalization of $25.97 billion, a P/E ratio of 24.00, a PEG ratio of 2.95 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.55 billion. Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 earnings per share. Sell-side analysts predict that Tractor Supply will post 2.17 EPS for the current fiscal year.

Tractor Supply Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders 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 1.88%. Tractor Supply's dividend payout ratio (DPR) is presently 45.77%.

Tractor Supply declared that its board has approved a share repurchase plan on Thursday, February 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to reacquire up to 3.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

About Tractor Supply

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.