Tractor Supply (NASDAQ:TSCO) Stock Position Raised by Gen Wealth Partners Inc

Gen Wealth Partners Inc increased its holdings in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 513.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,320 shares of the specialty retailer's stock after acquiring an additional 11,987 shares during the quarter. Gen Wealth Partners Inc's holdings in Tractor Supply were worth $760,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TSCO. CIBC Private Wealth Group LLC lifted its holdings in shares of 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 worth $59,260,000 after purchasing an additional 865,273 shares during the last quarter. BOK Financial Private Wealth Inc. boosted its position in shares of Tractor Supply by 330.2% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 21,355 shares of the specialty retailer's stock worth $1,133,000 after buying an additional 16,391 shares during the period. Blueshift Asset Management LLC grew its holdings in Tractor Supply by 571.8% in the 4th quarter. Blueshift Asset Management LLC now owns 66,815 shares of the specialty retailer's stock worth $3,545,000 after buying an additional 56,870 shares in the last quarter. Heritage Trust Co acquired a new stake in Tractor Supply in the 4th quarter valued at approximately $1,829,000. Finally, Callan Family Office LLC bought a new stake in Tractor Supply during the 4th quarter valued at $503,000. Institutional investors own 98.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TSCO shares. Truist Financial lowered their price target on Tractor Supply from $63.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Tractor Supply from $59.00 to $56.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Mizuho reduced 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. Guggenheim lowered their price objective on shares of Tractor Supply from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Robert W. Baird cut their target price on Tractor Supply from $63.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Tractor Supply has a consensus rating of "Moderate Buy" and an average target price of $58.02.

Insider Buying and Selling

In other news, SVP Matthew L. Rubin sold 3,850 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $57.69, for a total transaction 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 $1,833,792.03. This trade represents a 10.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Colin Yankee sold 24,602 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $54.15, for a total value of $1,332,198.30. Following the completion of the sale, the executive vice president now directly owns 33,645 shares of the company's stock, 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. Over the last ninety days, insiders sold 40,598 shares of company stock worth $2,234,481. Corporate insiders own 0.65% of the company's stock.

Tractor Supply Stock Down 0.2 %

NASDAQ:TSCO opened at $51.31 on Friday. The business's fifty day moving average price is $51.96 and its 200 day moving average price is $54.17. The firm has a market capitalization of $27.28 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.95 and a beta of 0.82. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82. Tractor Supply has a 1-year low of $46.85 and a 1-year 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 analysts' consensus estimates of $0.37 by ($0.03). The business 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%. Tractor Supply's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 EPS. On average, sell-side analysts forecast that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were paid a $0.92 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from Tractor Supply's previous quarterly dividend of $0.22. This represents a $3.68 dividend on an annualized basis and a dividend yield of 7.17%. Tractor Supply's dividend payout ratio is 45.77%.

Tractor Supply announced that its board has initiated a stock repurchase plan on Thursday, February 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

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.

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