Vident Advisory LLC Boosts Holdings in Tractor Supply (NASDAQ:TSCO)

Vident Advisory LLC increased its stake in Tractor Supply (NASDAQ:TSCO - Free Report) by 438.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,040 shares of the specialty retailer's stock after buying an additional 18,762 shares during the period. Vident Advisory LLC's holdings in Tractor Supply were worth $1,223,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Smithfield Trust Co lifted its holdings in shares of Tractor Supply by 286.2% during the 4th 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 period. Blue Trust Inc. raised its holdings in 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 during the period. Dunhill Financial LLC raised its holdings in 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 during the period. Archer Investment Corp raised its holdings in 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 during the period. Finally, PrairieView Partners LLC raised its holdings in 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 during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Tractor Supply 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 value of $145,445.60. Following the completion of the sale, the senior vice president now owns 29,722 shares in the company, valued at approximately $1,538,410.72. This represents a 8.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.65% of the company's stock.

Tractor Supply Stock Down 0.6%

NASDAQ TSCO traded down $0.30 on Thursday, hitting $48.76. The stock had a trading volume of 1,340,592 shares, compared to its average volume of 5,135,532. The business's fifty day moving average price is $51.33 and its 200 day moving average price is $53.80. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.20. Tractor Supply has a 52-week low of $46.85 and a 52-week high of $61.53. The stock has a market cap of $25.85 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 2.95 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.55 billion. Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. Tractor Supply's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.83 earnings per share. Equities research analysts anticipate that Tractor Supply will post 2.17 earnings per share for the current year.

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

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 given 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 dividend yield of 1.89%. Tractor Supply's dividend payout ratio (DPR) is currently 45.77%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup decreased their target price on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Truist Financial cut their price objective on Tractor Supply from $63.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Telsey Advisory Group set a $60.00 price objective on Tractor Supply in a research report on Friday, April 25th. JPMorgan Chase & Co. dropped their price target on Tractor Supply from $59.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Wall Street Zen upgraded Tractor Supply from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $58.02.

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.