Tractor Supply (NASDAQ:TSCO) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 407.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 272,533 shares of the specialty retailer's stock after buying an additional 218,787 shares during the quarter. Quantinno Capital Management LP owned approximately 0.05% of Tractor Supply worth $14,461,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mufg Securities Americas Inc. bought a new position in Tractor Supply in the 4th quarter worth $418,000. Man Group plc raised its holdings in Tractor Supply by 989.2% in the 4th quarter. Man Group plc now owns 167,643 shares of the specialty retailer's stock worth $8,895,000 after purchasing an additional 152,251 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in Tractor Supply by 398.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 66,275 shares of the specialty retailer's stock worth $3,616,000 after purchasing an additional 52,990 shares in the last quarter. Nomura Holdings Inc. bought a new position in Tractor Supply in the 4th quarter worth $934,000. Finally, NorthRock Partners LLC raised its holdings in Tractor Supply by 724.0% in the 4th quarter. NorthRock Partners LLC now owns 5,982 shares of the specialty retailer's stock worth $317,000 after purchasing an additional 5,256 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of Tractor Supply from $63.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Mizuho decreased their price target on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their price target on shares of Tractor Supply from $59.00 to $56.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Stephens assumed coverage on shares of Tractor Supply in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $56.00 price target for the company. Finally, Citigroup decreased their price target on shares of Tractor Supply from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $58.02.

Insider Activity at Tractor Supply

In other news, SVP Matthew L. Rubin sold 3,850 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $57.69, for a total value of $222,106.50. Following the completion of the sale, the senior vice president now directly owns 31,787 shares of the company's stock, valued at approximately $1,833,792.03. This represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

Tractor Supply Price Performance

TSCO traded up $0.82 on Friday, hitting $52.99. 5,247,049 shares of the company's stock were exchanged, compared to its average volume of 5,181,919. Tractor Supply has a fifty-two week low of $46.85 and a fifty-two week high of $61.53. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average price of $51.64 and a 200-day moving average price of $54.07. The stock has a market cap of $28.10 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 2.95 and a beta of 0.82.

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

Tractor Supply Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.74%. Tractor Supply's payout ratio is 45.77%.

Tractor Supply announced that its board has authorized a stock 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 purchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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.