Tractor Supply (NASDAQ:TSCO) Shares Bought by PFG Investments LLC

PFG Investments LLC raised its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 355.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,315 shares of the specialty retailer's stock after acquiring an additional 5,708 shares during the period. PFG Investments LLC's holdings in Tractor Supply were worth $1,914,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Citizens National Bank Trust Department grew its stake in shares of Tractor Supply by 0.5% in the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer's stock valued at $2,086,000 after buying an additional 45 shares during the period. Wedmont Private Capital grew its stake in shares of Tractor Supply by 3.6% in the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer's stock valued at $331,000 after buying an additional 45 shares during the period. Wahed Invest LLC grew its stake in shares of Tractor Supply by 2.8% in the 4th quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer's stock valued at $383,000 after buying an additional 49 shares during the period. Allen Capital Group LLC grew its stake in shares of Tractor Supply by 0.6% in the 3rd quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer's stock valued at $1,805,000 after buying an additional 53 shares during the period. Finally, Fidelis Capital Partners LLC boosted its position in shares of Tractor Supply by 5.0% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer's stock worth $240,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Up 3.3 %

Shares of TSCO traded up $8.64 during midday 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's fifty day simple moving average is $252.44 and its two-hundred day simple moving average is $226.90. The company has a market cap of $29.56 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 4.10 and a beta of 0.84. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.28.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the business earned $1.65 EPS. The company's revenue was up 2.8% on a year-over-year basis. Equities research analysts expect that Tractor Supply will post 10.26 earnings per share for the current year.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were paid a dividend of $1.10 per share. This is a positive change from Tractor Supply's previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply's dividend payout ratio (DPR) is currently 42.84%.

Wall Street Analysts Forecast Growth

TSCO has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an "overweight" rating in a research report on Monday, March 25th. Wedbush reaffirmed a "neutral" rating and set a $235.00 price objective on shares of Tractor Supply in a research report on Tuesday, April 23rd. UBS Group increased their price objective on shares of Tractor Supply from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Friday, February 2nd. Evercore ISI increased their price objective on shares of Tractor Supply from $275.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Robert W. Baird increased their price objective on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an "outperform" rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $248.17.

Insider Buying and Selling

In related news, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the sale, the executive vice president now directly owns 9,673 shares in the company, valued at approximately $2,418,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the sale, the executive vice president now directly owns 9,673 shares in the company, valued at approximately $2,418,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the sale, the chief financial officer now owns 25,013 shares in the company, valued at $5,804,516.78. The disclosure for this sale can be found here. Insiders have sold 90,090 shares of company stock worth $21,201,877 in the last ninety days. 0.24% of the stock is owned by corporate insiders.

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.

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