Napa Wealth Management Boosts Stock Position in Tractor Supply (NASDAQ:TSCO)

Napa Wealth Management boosted its stake in Tractor Supply (NASDAQ:TSCO - Free Report) by 401.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,184 shares of the specialty retailer's stock after buying an additional 4,952 shares during the period. Napa Wealth Management's holdings in Tractor Supply were worth $328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Smithfield Trust Co increased its stake 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 purchasing an additional 352 shares during the period. Coppell Advisory Solutions LLC increased its stake in Tractor Supply by 944.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 425 shares during the period. PrairieView Partners LLC increased its stake in Tractor Supply by 400.0% during the fourth 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. Archer Investment Corp increased its stake in Tractor Supply by 400.0% during the fourth 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, Kentucky Trust Co purchased a new stake in Tractor Supply during the fourth quarter worth about $27,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Stock Performance

Shares of Tractor Supply stock traded up $0.82 on Friday, hitting $52.99. The stock had a trading volume of 5,247,049 shares, compared to its average volume of 5,181,919. Tractor Supply has a 52-week low of $46.85 and a 52-week high of $61.53. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82. The stock has a market cap of $28.10 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 2.95 and a beta of 0.82. The company's 50 day moving average price is $51.64 and its 200 day moving average price is $54.07.

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). 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 analysts' expectations of $3.55 billion. During the same period in the previous year, the firm posted $1.83 earnings per share. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts anticipate that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, May 28th. Tractor Supply's payout ratio is currently 45.77%.

Tractor Supply announced that its board has approved a stock buyback plan on Thursday, February 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to purchase up to 3.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have issued reports on TSCO shares. Telsey Advisory Group set a $60.00 price target on shares of Tractor Supply in a research note on Friday, April 25th. 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. Guggenheim reduced their target price on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group set a $54.00 price target on shares of Tractor Supply in a research note on Friday, April 25th. Finally, Stephens assumed coverage on shares of Tractor Supply in a research report on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $58.02.

Insider Activity

In other Tractor Supply news, SVP Matthew L. Rubin sold 2,810 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total transaction of $145,445.60. Following the completion of the sale, the senior vice president now directly owns 29,722 shares of the company's stock, valued at $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 available at the SEC website. Company insiders own 0.65% of the company's stock.

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.