Bey Douglas LLC Makes New Investment in Tractor Supply (NASDAQ:TSCO)

Bey Douglas LLC purchased a new stake in Tractor Supply (NASDAQ:TSCO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,610 shares of the specialty retailer's stock, valued at approximately $2,066,000. Tractor Supply accounts for about 2.1% of Bey Douglas LLC's holdings, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSCO. Private Wealth Management Group LLC acquired a new position in shares of Tractor Supply during the fourth quarter worth approximately $27,000. OFI Invest Asset Management acquired a new position in shares of Tractor Supply during the third quarter valued at about $25,000. Pinnacle Bancorp Inc. bought a new stake in shares of Tractor Supply during the fourth quarter worth about $28,000. VisionPoint Advisory Group LLC raised its holdings in shares of Tractor Supply by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 76 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Tractor Supply during the 3rd quarter valued at about $33,000. 98.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TSCO has been the topic of a number of recent research reports. Wedbush restated a "neutral" rating and issued a $235.00 target price on shares of Tractor Supply in a report on Tuesday, April 23rd. Piper Sandler upped their target price on shares of Tractor Supply from $265.00 to $300.00 and gave the stock an "overweight" rating in a research note on Monday, April 29th. Guggenheim raised their price target on shares of Tractor Supply from $210.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Wells Fargo & Company upped 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. Finally, Barclays lifted their target price 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. Two investment 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $253.96.

Tractor Supply Price Performance

TSCO stock traded up $9.46 during mid-day trading on Friday, reaching $285.67. 2,181,383 shares of the company traded hands, compared to its average volume of 1,067,426. The company has a fifty day moving average price of $260.34 and a 200-day moving average price of $234.55. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $286.15. The company has a market capitalization of $30.80 billion, a P/E ratio of 27.82, a P/E/G ratio of 3.47 and a beta of 0.82. 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 issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 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 company had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter in the previous year, the company earned $1.65 earnings per share. Tractor Supply's revenue for the quarter was up 2.8% on a year-over-year basis. As a group, analysts anticipate that Tractor Supply will post 10.33 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, May 24th. Tractor Supply's dividend payout ratio is 42.84%.

Insider Buying and Selling

In other news, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply 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 sale, the chief financial officer now owns 20,678 shares in the company, valued at approximately $5,314,246. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Tractor Supply news, EVP Colin Yankee sold 8,675 shares of the firm's stock in a transaction dated Wednesday, February 28th. The stock was 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 owns 9,673 shares in the company, valued at $2,418,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of the company'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 completion of the transaction, the chief financial officer now owns 20,678 shares of the company's stock, valued at $5,314,246. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

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.