TD Waterhouse Canada Inc. Has $522,000 Stock Position in Tractor Supply (NASDAQ:TSCO)

TD Waterhouse Canada Inc. boosted its position in Tractor Supply (NASDAQ:TSCO - Free Report) by 395.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,845 shares of the specialty retailer's stock after purchasing an additional 7,858 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Tractor Supply were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TSCO. CIBC Private Wealth Group LLC grew its holdings in Tractor Supply by 385.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,089,542 shares of the specialty retailer's stock valued at $59,260,000 after buying an additional 865,273 shares during the period. BOK Financial Private Wealth Inc. grew its holdings in Tractor Supply by 330.2% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 21,355 shares of the specialty retailer's stock valued at $1,133,000 after purchasing an additional 16,391 shares during the period. Blueshift Asset Management LLC increased its position in Tractor Supply by 571.8% during the fourth quarter. Blueshift Asset Management LLC now owns 66,815 shares of the specialty retailer's stock worth $3,545,000 after purchasing an additional 56,870 shares during the last quarter. Heritage Trust Co acquired a new position in Tractor Supply during the fourth quarter worth approximately $1,829,000. Finally, Callan Family Office LLC purchased a new position in Tractor Supply during the fourth quarter worth approximately $503,000. Institutional investors and hedge funds own 98.72% of the company's stock.

Insider Activity

In other news, EVP Colin Yankee sold 24,602 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $54.15, for a total transaction of $1,332,198.30. Following the completion of the transaction, the executive vice president now directly owns 33,645 shares of the company's stock, valued at approximately $1,821,876.75. This represents a 42.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Harry A. Lawton III sold 88,095 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $54.59, for a total value of $4,809,106.05. Following the completion of the sale, the chief executive officer now directly owns 488,852 shares in the company, valued at approximately $26,686,430.68. This trade represents a 15.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,993 shares of company stock worth $7,538,068. 0.65% of the stock is currently owned by insiders.

Tractor Supply Stock Up 1.0 %

TSCO traded up $0.48 during trading on Wednesday, hitting $50.35. The company had a trading volume of 7,362,300 shares, compared to its average volume of 5,122,199. Tractor Supply has a 1-year low of $46.85 and a 1-year high of $61.53. 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 company has a market cap of $26.77 billion, a PE ratio of 24.68, a P/E/G ratio of 2.95 and a beta of 0.88. The business has a 50-day moving average of $52.70 and a 200-day moving average of $54.62.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03). The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.55 billion. Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.83 EPS. As a group, analysts forecast that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply declared that its board has approved a share buyback plan on Thursday, February 13th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 3.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 7.31%. This is an increase from Tractor Supply's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, February 26th. Tractor Supply's payout ratio is 45.77%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TSCO. JPMorgan Chase & Co. lowered their price objective 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. Truist Financial lowered their price target on Tractor Supply from $63.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Robert W. Baird cut their price objective on Tractor Supply from $63.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Stephens assumed coverage on Tractor Supply in a report on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 target price for the company. Finally, Raymond James cut their price target on shares of Tractor Supply from $61.00 to $57.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, Tractor Supply currently has an average rating of "Moderate Buy" and an average price target of $58.02.

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.