Sequoia Financial Advisors LLC Increases Stock Position in Tractor Supply (NASDAQ:TSCO)

Sequoia Financial Advisors LLC increased its stake in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 1,419.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,762 shares of the specialty retailer's stock after purchasing an additional 18,461 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Tractor Supply were worth $4,249,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Tractor Supply by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 12,833,541 shares of the specialty retailer's stock worth $2,994,964,000 after buying an additional 46,672 shares during the last quarter. State Street Corp increased its position in Tractor Supply by 0.8% during the 1st quarter. State Street Corp now owns 4,459,754 shares of the specialty retailer's stock worth $1,048,209,000 after purchasing an additional 34,281 shares in the last quarter. Wellington Management Group LLP increased its position in Tractor Supply by 9,370.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer's stock worth $573,038,000 after purchasing an additional 2,792,352 shares in the last quarter. JPMorgan Chase & Co. increased its position in Tractor Supply by 2.9% during the 1st quarter. JPMorgan Chase & Co. now owns 2,820,992 shares of the specialty retailer's stock worth $663,049,000 after purchasing an additional 79,240 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Tractor Supply by 5.9% in the 1st quarter. Geode Capital Management LLC now owns 2,496,347 shares of the specialty retailer's stock valued at $585,604,000 after buying an additional 138,258 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSCO has been the subject of several recent analyst reports. Wedbush lifted their price target on Tractor Supply from $200.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, February 2nd. Telsey Advisory Group boosted their price target on Tractor Supply from $245.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. Stephens lowered Tractor Supply from an "overweight" rating to an "equal weight" rating and upped their target price for the company from $226.00 to $240.00 in a research report on Tuesday, January 23rd. Morgan Stanley reaffirmed an "underweight" rating and issued a $195.00 target price on shares of Tractor Supply in a research report on Tuesday, January 16th. Finally, Mizuho assumed coverage on Tractor Supply in a research report on Tuesday, March 19th. They issued a "neutral" rating and a $245.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $239.83.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the firm's stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the sale, the chief financial officer now owns 25,013 shares of the company's stock, valued at approximately $5,804,516.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the transaction, the chief financial officer now directly owns 25,013 shares of the company's stock, valued at approximately $5,804,516.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert D. Mills sold 48,334 shares of the business's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the sale, the executive vice president now directly owns 22,167 shares of the company's stock, valued at $5,147,842.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,090 shares of company stock worth $21,201,877. Company insiders own 0.58% of the company's stock.

Tractor Supply Price Performance

TSCO stock traded down $3.11 during trading on Thursday, hitting $250.19. The company had a trading volume of 1,078,673 shares, compared to its average volume of 1,161,429. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82. The company has a market cap of $27.00 billion, a P/E ratio of 24.80, a P/E/G ratio of 3.75 and a beta of 0.84. The company has a fifty day moving average price of $248.27 and a two-hundred day moving average price of $222.84. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $268.02.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.06. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The business's revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.43 earnings per share. Equities research analysts expect that Tractor Supply will post 10.19 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a $1.10 dividend. This is a positive change from Tractor Supply's previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. This represents a $4.40 annualized dividend and a yield of 1.76%. Tractor Supply's dividend payout ratio is currently 43.61%.

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.