Corient Private Wealth LLC boosted its position in Tractor Supply (NASDAQ:TSCO - Free Report) by 405.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 866,509 shares of the specialty retailer's stock after acquiring an additional 694,912 shares during the quarter. Corient Private Wealth LLC owned 0.16% of Tractor Supply worth $45,977,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. lifted its position in shares of Tractor Supply by 330.2% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 21,355 shares of the specialty retailer's stock worth $1,133,000 after purchasing an additional 16,391 shares during the last quarter. Blueshift Asset Management LLC lifted its holdings in Tractor Supply by 32.7% during the 3rd quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer's stock worth $2,893,000 after buying an additional 2,452 shares during the last quarter. Callan Family Office LLC purchased a new stake in Tractor Supply during the 4th quarter worth about $503,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Tractor Supply by 379.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 890,898 shares of the specialty retailer's stock worth $47,271,000 after acquiring an additional 704,896 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of Tractor Supply by 368.7% in the 4th quarter. Citizens Financial Group Inc. RI now owns 7,485 shares of the specialty retailer's stock valued at $397,000 after acquiring an additional 5,888 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.
Tractor Supply Stock Performance
Shares of Tractor Supply stock traded up $0.62 on Friday, reaching $52.46. 6,332,533 shares of the stock were exchanged, compared to its average volume of 4,915,676. The firm has a market capitalization of $28.01 billion, a PE ratio of 25.72, a PEG ratio of 2.95 and a beta of 0.85. Tractor Supply has a 1-year low of $48.30 and a 1-year high of $61.53. The business has a fifty day moving average price of $55.07 and a two-hundred day moving average price of $55.67. 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 (NASDAQ:TSCO - Get Free Report) last released its earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($1.84). Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. As a group, research analysts anticipate that Tractor Supply will post 2.17 earnings per share for the current fiscal year.
Tractor Supply Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were given a $0.92 dividend. This is a boost from Tractor Supply's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.68 annualized dividend and a yield of 7.01%. Tractor Supply's dividend payout ratio is presently 45.10%.
Tractor Supply declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 13th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to purchase up to 3.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on TSCO shares. Mizuho boosted their target price on Tractor Supply from $60.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Bank of America boosted their price objective on shares of Tractor Supply from $44.00 to $53.00 and gave the stock an "underperform" rating in a research report on Thursday, January 16th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $67.00 target price on shares of Tractor Supply in a research report on Thursday, January 30th. Barclays reduced their price target on shares of Tractor Supply from $262.00 to $52.00 and set an "equal weight" rating for the company in a research report on Monday, December 30th. Finally, Loop Capital raised their price objective on Tractor Supply from $53.00 to $58.00 and gave the stock a "hold" rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.22.
Get Our Latest Report on TSCO
Insider Buying and Selling at Tractor Supply
In other news, SVP Matthew L. Rubin sold 3,850 shares of the stock in a transaction dated 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 owns 31,787 shares in the company, valued at $1,833,792.03. This trade represents a 10.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kurt D. Barton sold 12,146 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $56.00, for a total transaction of $680,176.00. Following the sale, the chief financial officer now directly owns 47,715 shares in the company, valued at approximately $2,672,040. This represents a 20.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,993 shares of company stock valued at $7,538,068. 0.24% of the stock is owned by company insiders.
About Tractor Supply
(
Free Report)
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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