Tractor Supply (NASDAQ:TSCO) Shares Acquired by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. lifted its holdings in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 374.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 961,656 shares of the specialty retailer's stock after buying an additional 758,774 shares during the period. Capital Group Private Client Services Inc. owned approximately 0.18% of Tractor Supply worth $51,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in shares of Tractor Supply during the third quarter worth about $220,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Tractor Supply during the 3rd quarter worth approximately $734,000. Tidal Investments LLC lifted its holdings in shares of Tractor Supply by 722.5% in the 3rd quarter. Tidal Investments LLC now owns 95,172 shares of the specialty retailer's stock valued at $27,688,000 after buying an additional 83,601 shares during the period. Franklin Resources Inc. boosted its stake in shares of Tractor Supply by 2.0% in the third quarter. Franklin Resources Inc. now owns 454,175 shares of the specialty retailer's stock valued at $137,950,000 after buying an additional 8,890 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in Tractor Supply by 345.6% during the fourth quarter. Versant Capital Management Inc now owns 860 shares of the specialty retailer's stock worth $46,000 after acquiring an additional 667 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TSCO shares. Truist Financial reduced their target price on Tractor Supply from $63.00 to $60.00 and set a "buy" rating for the company in a report on Friday, January 31st. Barclays reduced their price objective on shares of 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. Telsey Advisory Group restated an "outperform" rating and set a $67.00 target price on shares of Tractor Supply in a research report on Thursday, April 17th. Bank of America upped their price target on Tractor Supply from $44.00 to $53.00 and gave the stock an "underperform" rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. raised their price objective on Tractor Supply from $58.00 to $59.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $59.07.

Tractor Supply Trading Up 1.6 %

NASDAQ:TSCO traded up $0.80 during mid-day trading on Wednesday, reaching $51.08. The company's stock had a trading volume of 2,379,850 shares, compared to its average volume of 5,103,803. 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 stock has a market cap of $27.15 billion, a P/E ratio of 25.04, a P/E/G ratio of 2.95 and a beta of 0.88. The company's fifty day simple moving average is $53.48 and its two-hundred day simple moving average is $54.97. Tractor Supply has a twelve month low of $46.97 and a twelve month high of $61.53.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $2.28 by ($1.84). Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. On average, equities analysts predict that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.92 per share. The ex-dividend date was Wednesday, February 26th. This is a positive change from Tractor Supply's previous quarterly dividend of $0.22. This represents a $3.68 annualized dividend and a yield of 7.20%. Tractor Supply's dividend payout ratio is currently 45.10%.

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

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 12,146 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $56.00, for a total value of $680,176.00. Following the completion of the sale, the chief financial officer now owns 47,715 shares of the company's stock, valued at $2,672,040. This represents a 20.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Matthew L. Rubin sold 3,850 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $57.69, for a total transaction 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 approximately $1,833,792.03. This represents a 10.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,993 shares of company stock worth $7,538,068 in the last three months. 0.65% of the stock is currently owned by company insiders.

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.