Integrated Advisors Network LLC Increases Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Integrated Advisors Network LLC grew its position in Tractor Supply (NASDAQ:TSCO - Free Report) by 381.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,862 shares of the specialty retailer's stock after acquiring an additional 28,410 shares during the quarter. Integrated Advisors Network LLC's holdings in Tractor Supply were worth $1,903,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Smithfield Trust Co lifted its position in Tractor Supply by 286.2% in the fourth quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 352 shares during the period. Coppell Advisory Solutions LLC raised its stake in shares of Tractor Supply by 944.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock worth $25,000 after buying an additional 425 shares in the last quarter. PrairieView Partners LLC lifted 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 valued at $26,000 after buying an additional 400 shares during the period. Archer Investment Corp boosted its stake 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 buying an additional 400 shares in the last quarter. Finally, Kentucky Trust Co acquired a new position in Tractor Supply during the fourth quarter worth $27,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on TSCO shares. Wall Street Zen upgraded shares of Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Guggenheim dropped their target price on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating for the company in a report on Friday, April 25th. Citigroup decreased their price target on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Robert W. Baird lowered their price target on Tractor Supply from $63.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, 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 research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tractor Supply presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.02.

Insiders Place Their Bets

In related news, SVP Matthew L. Rubin sold 2,810 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $51.76, for a total transaction of $145,445.60. Following the sale, the senior vice president now directly owns 29,722 shares of the company's stock, valued at approximately $1,538,410.72. This represents a 8.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.65% of the company's stock.

Tractor Supply Price Performance

Shares of TSCO traded down $0.55 during trading hours on Friday, reaching $48.42. The stock had a trading volume of 7,785,239 shares, compared to its average volume of 5,168,589. The company's 50-day moving average is $51.15 and its two-hundred day moving average is $53.68. The stock 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. Tractor Supply has a 12 month low of $46.85 and a 12 month high of $61.53. 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 (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). The company had revenue of $3.47 billion during 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 company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.83 earnings per share. Research analysts expect that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Wednesday, May 28th. Tractor Supply's dividend payout ratio (DPR) is presently 45.77%.

Tractor Supply announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 13th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 3.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Tractor Supply Company 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.