Tractor Supply (NASDAQ:TSCO) Shares Purchased by Provident Trust Co.

Provident Trust Co. lifted its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 47.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 640,603 shares of the specialty retailer's stock after buying an additional 204,695 shares during the quarter. Tractor Supply makes up about 2.8% of Provident Trust Co.'s portfolio, making the stock its 15th biggest position. Provident Trust Co. owned 0.59% of Tractor Supply worth $137,749,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in shares of Tractor Supply in the third quarter worth approximately $25,000. Pinnacle Bancorp Inc. purchased a new position in Tractor Supply during the 4th quarter worth $28,000. VisionPoint Advisory Group LLC increased its holdings in Tractor Supply by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 76 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Tractor Supply during the 3rd quarter worth $33,000. Finally, Cetera Trust Company N.A purchased a new position in Tractor Supply during the 4th quarter worth $38,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Stock Up 3.3 %

TSCO stock traded up $8.64 during trading on Friday, reaching $273.90. The stock had a trading volume of 1,599,528 shares, compared to its average volume of 1,032,605. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $274.66. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $29.56 billion, a P/E ratio of 26.67, a PEG ratio of 3.97 and a beta of 0.84. The firm has a fifty day moving average price of $252.44 and a 200 day moving average price of $226.74.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.40 billion. During the same period last year, the firm posted $1.65 earnings per share. The business's revenue was up 2.8% on a year-over-year basis. On average, equities analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a $1.10 dividend. This is an increase from Tractor Supply's previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. Tractor Supply's dividend payout ratio is presently 42.84%.

Insiders Place Their Bets

In related news, CFO Kurt D. Barton sold 4,335 shares of the firm's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Tractor Supply news, EVP Colin Yankee sold 8,675 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the transaction, the executive vice president now directly owns 9,673 shares of the company's stock, valued at $2,418,250. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the sale, the chief financial officer now owns 20,678 shares of the company's stock, valued at approximately $5,314,246. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 in the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on TSCO shares. Morgan Stanley raised their price objective on Tractor Supply from $195.00 to $235.00 and gave the stock an "underweight" rating in a report on Friday. Mizuho reaffirmed a "neutral" rating and set a $250.00 target price (up previously from $245.00) on shares of Tractor Supply in a research report on Friday. TD Cowen increased their target price on Tractor Supply from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Friday. Benchmark reaffirmed a "buy" rating and set a $256.00 target price on shares of Tractor Supply in a research report on Monday, April 22nd. Finally, Truist Financial raised their price objective on Tractor Supply from $277.00 to $289.00 and gave the stock a "buy" rating in a research report on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Tractor Supply presently has an average rating of "Hold" and an average target price of $248.17.

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.