Frontier Capital Management Co. LLC Purchases 90,630 Shares of Tractor Supply (NASDAQ:TSCO)

Frontier Capital Management Co. LLC boosted its holdings in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 372.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 114,970 shares of the specialty retailer's stock after buying an additional 90,630 shares during the period. Frontier Capital Management Co. LLC's holdings in Tractor Supply were worth $6,100,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TSCO. Smithfield Trust Co raised its position in 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 purchasing an additional 352 shares in the last quarter. Coppell Advisory Solutions LLC raised its position in Tractor Supply by 944.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 425 shares in the last quarter. PrairieView Partners LLC raised its position in 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 purchasing an additional 400 shares in the last quarter. Future Financial Wealth Managment LLC raised its position in 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 purchasing an additional 400 shares in the last quarter. Finally, Archer Investment Corp raised its position in 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 purchasing an additional 400 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Up 2.8%

Shares of TSCO traded up $1.42 during mid-day trading on Monday, reaching $52.72. The company had a trading volume of 6,582,064 shares, compared to its average volume of 5,135,923. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.20 and a current ratio of 1.43. The firm has a 50-day moving average price of $51.92 and a 200 day moving average price of $54.12. Tractor Supply has a 52 week low of $46.85 and a 52 week high of $61.53. The company has a market capitalization of $28.03 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 2.95 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.55 billion. During the same period in the prior year, the firm earned $1.83 earnings per share. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts forecast that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were issued a $0.92 dividend. This is a positive change from Tractor Supply's previous quarterly dividend of $0.22. This represents a $3.68 dividend on an annualized basis and a yield of 6.98%. The ex-dividend date of this dividend was Wednesday, February 26th. Tractor Supply's payout ratio is presently 45.77%.

Tractor Supply announced that its board has approved a stock repurchase program on Thursday, February 13th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have weighed in on TSCO. Robert W. Baird lowered their price target on Tractor Supply from $63.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. UBS Group set a $54.00 price target on Tractor Supply in a research report on Friday, April 25th. Bank of America lifted their price objective on Tractor Supply from $44.00 to $53.00 and gave the stock an "underperform" rating in a report on Thursday, January 16th. Raymond James decreased their price objective on Tractor Supply from $61.00 to $57.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Truist Financial decreased their price objective on Tractor Supply from $63.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tractor Supply has a consensus rating of "Moderate Buy" and a consensus price target of $58.02.

Insider Buying and Selling

In related news, SVP Matthew L. Rubin sold 3,850 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $57.69, for a total value of $222,106.50. Following the completion of the transaction, the senior vice president now directly owns 31,787 shares in the company, valued at $1,833,792.03. The trade was a 10.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 12,146 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $56.00, for a total transaction of $680,176.00. Following the sale, the chief financial officer now owns 47,715 shares of the company's stock, valued at approximately $2,672,040. This represents a 20.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,598 shares of company stock worth $2,234,481 in the last three months. Insiders own 0.65% of the company's stock.

Tractor Supply 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.