Ossiam Lowers Stake in Tractor Supply (NASDAQ:TSCO)

Ossiam reduced its position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 90.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 530 shares of the specialty retailer's stock after selling 4,994 shares during the period. Ossiam's holdings in Tractor Supply were worth $28,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TSCO. Smithfield Trust Co increased its position in shares of Tractor Supply by 286.2% during the 4th quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 352 shares during the last quarter. PrairieView Partners LLC boosted its stake in Tractor Supply by 400.0% during the fourth quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer's stock worth $26,000 after buying an additional 400 shares during the period. Future Financial Wealth Managment LLC increased its position in shares of Tractor Supply by 400.0% during the fourth quarter. Future Financial Wealth Managment LLC now owns 500 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 400 shares during the last quarter. Archer Investment Corp raised its stake in shares of Tractor Supply by 400.0% in the 4th quarter. Archer Investment Corp now owns 500 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 400 shares during the period. Finally, Kentucky Trust Co acquired a new position in shares of Tractor Supply in the 4th quarter worth approximately $27,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSCO has been the subject of several research reports. Mizuho dropped their target price on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a report on Friday. Barclays dropped their price objective on Tractor Supply from $262.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday, December 30th. Stephens started coverage on Tractor Supply in a research note on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 target price on the stock. Raymond James dropped their target price on Tractor Supply from $61.00 to $57.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Telsey Advisory Group set a $60.00 price target on shares of Tractor Supply in a research report on Friday. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.02.

Insider Activity

In related news, EVP Melissa Kersey sold 9,300 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $53.17, for a total value of $494,481.00. Following the completion of the sale, the executive vice president now directly owns 34,961 shares of the company's stock, valued at $1,858,876.37. The trade was a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Colin Yankee sold 24,602 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $54.15, for a total value of $1,332,198.30. Following the transaction, the executive vice president now directly owns 33,645 shares in the company, valued at approximately $1,821,876.75. The trade was a 42.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,993 shares of company stock worth $7,538,068. Corporate insiders own 0.65% of the company's stock.

Tractor Supply Stock Up 0.3 %

Tractor Supply stock traded up $0.13 during midday trading on Tuesday, reaching $49.13. The company's stock had a trading volume of 605,002 shares, compared to its average volume of 5,102,428. The company has a market cap of $26.12 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.95 and a beta of 0.88. The company has a quick ratio of 0.20, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The business has a 50-day simple moving average of $52.86 and a 200-day simple moving average of $54.65. Tractor Supply has a fifty-two week low of $46.85 and a fifty-two week high of $61.53.

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

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 7.49%. The ex-dividend date was Wednesday, February 26th. This is an increase from Tractor Supply's previous quarterly dividend of $0.22. Tractor Supply's payout ratio is currently 45.77%.

Tractor Supply announced that its Board of Directors has authorized a share buyback plan on Thursday, February 13th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to buy up to 3.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

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.