Tractor Supply (NASDAQ:TSCO) Shares Acquired by Threadgill Financial LLC

Threadgill Financial LLC raised its holdings in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 156.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 39,173 shares of the specialty retailer's stock after acquiring an additional 23,923 shares during the period. Tractor Supply makes up 1.2% of Threadgill Financial LLC's holdings, making the stock its 21st largest position. Threadgill Financial LLC's holdings in Tractor Supply were worth $2,158,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TSCO. Advisory Alpha LLC grew its holdings in shares of Tractor Supply by 6.2% during the first quarter. Advisory Alpha LLC now owns 4,826 shares of the specialty retailer's stock worth $266,000 after buying an additional 283 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Tractor Supply by 21.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,829 shares of the specialty retailer's stock valued at $101,000 after purchasing an additional 327 shares during the period. Smithfield Trust Co grew its position in Tractor Supply by 286.2% during the fourth quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer's stock worth $25,000 after buying an additional 352 shares in the last quarter. Blue Trust Inc. raised its position 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 valued at $87,000 after buying an additional 362 shares in the last quarter. Finally, Dunhill Financial LLC boosted its stake 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 valued at $27,000 after purchasing an additional 391 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TSCO. Citigroup lowered their price objective 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. Wall Street Zen upgraded Tractor Supply from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Guggenheim lowered their price target on Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, April 25th. UBS Group set a $54.00 price objective on shares of Tractor Supply in a report on Friday, April 25th. Finally, Raymond James decreased 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $58.02.

Insider Activity

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 transaction 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. This trade represents a 8.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.65% of the company's stock.

Tractor Supply Trading Up 0.6%

TSCO stock traded up $0.29 during trading on Wednesday, hitting $49.34. The company had a trading volume of 7,020,102 shares, compared to its average volume of 5,171,917. The firm has a market capitalization of $26.16 billion, a P/E ratio of 24.19, a PEG ratio of 2.95 and a beta of 0.74. 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 has a 52-week low of $46.85 and a 52-week high of $61.53. The company has a 50 day simple moving average of $50.93 and a 200-day simple moving average of $53.59.

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

Tractor Supply Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.92 annualized dividend and a yield of 1.86%. Tractor Supply's payout ratio is presently 45.77%.

Tractor Supply declared that its board has authorized a share repurchase program 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 programs are often a sign that the company's management believes its stock is undervalued.

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.