Bancreek Capital Management LP Acquires 3,442 Shares of Tractor Supply (NASDAQ:TSCO)

Bancreek Capital Management LP grew its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 14.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,278 shares of the specialty retailer's stock after purchasing an additional 3,442 shares during the period. Tractor Supply comprises approximately 5.0% of Bancreek Capital Management LP's investment portfolio, making the stock its 12th biggest holding. Bancreek Capital Management LP's holdings in Tractor Supply were worth $5,866,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Principal Securities Inc. acquired a new position in Tractor Supply during the fourth quarter valued at approximately $421,000. Ethos Financial Group LLC acquired a new stake in shares of Tractor Supply in the 4th quarter valued at approximately $348,000. Advantage Trust Co bought a new position in shares of Tractor Supply in the fourth quarter valued at $48,000. Patrick M Sweeney & Associates Inc. bought a new position in shares of Tractor Supply in the fourth quarter valued at $212,000. Finally, Palisade Asset Management LLC grew its stake in shares of Tractor Supply by 281.8% in the fourth quarter. Palisade Asset Management LLC now owns 36,972 shares of the specialty retailer's stock valued at $7,950,000 after buying an additional 27,289 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of Tractor Supply from $220.00 to $240.00 and gave the company a "neutral" rating in a research note on Friday, February 2nd. Mizuho reissued a "neutral" rating and issued a $250.00 target price (up from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Wells Fargo & Company raised their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the company an "overweight" rating in a research note on Monday, March 25th. Barclays lifted their price objective on shares of Tractor Supply from $234.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Friday, April 26th. Finally, Guggenheim lifted their price objective on shares of Tractor Supply from $210.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $253.54.

Tractor Supply Price Performance

TSCO stock traded up $1.73 during midday trading on Friday, reaching $271.43. The company had a trading volume of 931,481 shares, compared to its average volume of 1,118,314. The company has a market capitalization of $29.30 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 3.40 and a beta of 0.82. The stock has a 50 day moving average price of $257.69 and a 200-day moving average price of $231.57. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $279.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.13. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. Tractor Supply's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 earnings per share. Equities research analysts expect that Tractor Supply will post 10.32 earnings per share for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, May 24th. Tractor Supply's dividend payout ratio (DPR) is presently 42.84%.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 20,678 shares of the company's stock, valued at $5,314,246. The sale was disclosed in a legal 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 business's stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 20,678 shares of the company's stock, valued at $5,314,246. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Colin Yankee sold 8,675 shares of the business's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total value of $2,168,750.00. Following the transaction, the executive vice president now directly owns 9,673 shares of the company's stock, valued at approximately $2,418,250. The disclosure for this sale can be found here. Insiders sold a total of 62,470 shares of company stock valued at $14,773,121 over the last quarter. 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.