McKinley Carter Wealth Services Inc. Boosts Stock Position in Tractor Supply (NASDAQ:TSCO)

McKinley Carter Wealth Services Inc. grew its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,138 shares of the specialty retailer's stock after acquiring an additional 4,846 shares during the period. McKinley Carter Wealth Services Inc.'s holdings in Tractor Supply were worth $6,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. OFI Invest Asset Management bought a new position in shares of Tractor Supply during the 3rd quarter valued at about $25,000. Pinnacle Bancorp Inc. bought a new position in Tractor Supply during the fourth quarter valued at approximately $28,000. VisionPoint Advisory Group LLC boosted its stake in Tractor Supply by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer's stock valued at $30,000 after buying an additional 76 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Tractor Supply during the 3rd quarter valued at approximately $33,000. Finally, Cetera Trust Company N.A bought a new stake in Tractor Supply in the 4th quarter worth approximately $38,000. Institutional investors own 98.72% of the company's stock.

Insider Buying and Selling at Tractor Supply

In related news, EVP Robert D. Mills sold 48,334 shares of the company's 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 completion of the sale, the executive vice president now directly owns 22,167 shares in the company, valued at approximately $5,147,842.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Robert D. Mills sold 48,334 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the completion of the transaction, the executive vice president now owns 22,167 shares in the company, valued at approximately $5,147,842.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kurt D. Barton sold 401 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the sale, the chief financial officer now directly owns 25,013 shares of the company's stock, valued at approximately $5,804,516.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,470 shares of company stock valued at $14,773,121. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TSCO shares. Evercore ISI raised their target price on shares of Tractor Supply from $275.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, April 26th. UBS Group boosted their target price on shares of Tractor Supply from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Friday, February 2nd. TD Cowen lifted their price target on Tractor Supply from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, April 26th. Telsey Advisory Group upped their price objective on Tractor Supply from $280.00 to $305.00 and gave the company an "outperform" rating in a research report on Wednesday, May 1st. Finally, Barclays lifted their target price on Tractor Supply from $234.00 to $240.00 and gave the stock an "equal weight" rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned 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 Stock Up 0.6 %

NASDAQ TSCO traded up $1.73 on Friday, reaching $271.43. 931,481 shares of the stock traded hands, compared to its average volume of 1,118,314. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $279.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. The company has a fifty day moving average price of $257.69 and a 200-day moving average price of $231.81. The company has a market cap of $29.30 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 3.42 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping 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 company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, research analysts forecast that Tractor Supply will post 10.32 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.62%. Tractor Supply's dividend payout ratio is currently 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.