OMERS ADMINISTRATION Corp Purchases 18,857 Shares of Tractor Supply (NASDAQ:TSCO)

OMERS ADMINISTRATION Corp lifted its position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 503.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,605 shares of the specialty retailer's stock after acquiring an additional 18,857 shares during the period. OMERS ADMINISTRATION Corp's holdings in Tractor Supply were worth $1,199,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Smithfield Trust Co increased its position in shares of Tractor Supply by 286.2% during the fourth quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 352 shares in the last quarter. Blue Trust Inc. increased its position in shares of Tractor Supply by 28.2% during the fourth quarter. Blue Trust Inc. now owns 1,646 shares of the specialty retailer's stock valued at $87,000 after acquiring an additional 362 shares in the last quarter. Dunhill Financial LLC increased its position in shares of Tractor Supply by 325.8% during the fourth quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 391 shares in the last quarter. Archer Investment Corp increased its position in shares of Tractor Supply by 400.0% during the fourth quarter. Archer Investment Corp now owns 500 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 400 shares in the last quarter. Finally, PrairieView Partners LLC increased its position in shares of Tractor Supply by 400.0% during the fourth quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

Insider Transactions at Tractor Supply

In other news, SVP Matthew L. Rubin sold 2,810 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $51.76, for a total value of $145,445.60. Following the sale, the senior vice president now directly owns 29,722 shares in the company, valued at $1,538,410.72. The trade was a 8.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.65% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Stephens assumed coverage on shares of Tractor Supply in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 price target for the company. UBS Group set a $54.00 target price on shares of Tractor Supply in a report on Friday, April 25th. Truist Financial dropped their target price on shares of Tractor Supply from $63.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Citigroup dropped their target price on shares of Tractor Supply from $59.00 to $51.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Tractor Supply from $59.00 to $56.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $58.02.

Tractor Supply Price Performance

Shares of TSCO stock traded down $1.31 on Tuesday, hitting $51.60. 4,912,277 shares of the stock traded hands, compared to its average volume of 5,156,386. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.20. The firm has a market cap of $27.36 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 2.95 and a beta of 0.82. The firm has a 50 day simple moving average of $51.65 and a two-hundred day simple moving average of $54.08. Tractor Supply has a 52 week low of $46.85 and a 52 week high of $61.53.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the firm posted $1.83 earnings per share. The business's revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts predict that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply declared that its Board of Directors has approved a stock buyback plan on Thursday, February 13th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Tractor Supply Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.78%. Tractor Supply's dividend payout ratio (DPR) is presently 45.77%.

About Tractor Supply

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.