Yousif Capital Management LLC Has $3.09 Million Stock Position in Tractor Supply (NASDAQ:TSCO)

Yousif Capital Management LLC reduced its position in Tractor Supply (NASDAQ:TSCO - Free Report) by 26.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,345 shares of the specialty retailer's stock after selling 5,114 shares during the quarter. Yousif Capital Management LLC's holdings in Tractor Supply were worth $3,085,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

TSCO has been the subject of a number of research analyst reports. Robert W. Baird upped their price target on Tractor Supply from $260.00 to $285.00 and gave the company an "outperform" rating in a report on Friday. TD Cowen upped their price target on Tractor Supply from $250.00 to $270.00 and gave the company a "buy" rating in a report on Friday. Barclays upped their price target on Tractor Supply from $234.00 to $240.00 and gave the company an "equal weight" rating in a report on Friday. UBS Group upped their price target on Tractor Supply from $220.00 to $240.00 and gave the company a "neutral" rating in a report on Friday, February 2nd. Finally, Stephens downgraded Tractor Supply from an "overweight" rating to an "equal weight" rating and upped their price target for the company from $226.00 to $240.00 in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Tractor Supply presently has a consensus rating of "Hold" and a consensus price target of $250.00.

Insider Activity at Tractor Supply

In related news, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the sale, the executive vice president now owns 22,167 shares of the company's stock, valued at $5,147,842.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares of the company's stock, valued at approximately $5,314,246. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Robert D. Mills sold 48,334 shares of the firm's stock in a transaction dated Wednesday, February 14th. The stock was 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 in the company, valued at $5,147,842.41. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock valued at $21,201,877 over the last quarter. Insiders own 0.58% of the company's stock.

Tractor Supply Price Performance

Shares of TSCO stock traded up $3.98 during mid-day trading on Monday, reaching $277.88. The stock had a trading volume of 1,066,173 shares, compared to its average volume of 1,171,144. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $278.16. The company has a market cap of $29.99 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 3.47 and a beta of 0.84. The business has a 50-day simple moving average of $253.27 and a 200 day simple moving average of $227.47. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings results 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 return on equity of 52.99% and a net margin of 7.66%. The business had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter last year, the business posted $1.65 earnings per share. The business's revenue for the quarter was up 2.8% on a year-over-year basis. On average, sell-side analysts anticipate that Tractor Supply will post 10.26 earnings per share for the current year.

Tractor Supply Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, February 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.58%. This is a positive change from Tractor Supply's previous quarterly dividend of $1.03. Tractor Supply's dividend payout ratio (DPR) is presently 42.84%.

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.