Glenview Trust co Purchases 13,491 Shares of Tractor Supply (NASDAQ:TSCO)

Glenview Trust co raised its holdings in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 750.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,288 shares of the specialty retailer's stock after purchasing an additional 13,491 shares during the quarter. Glenview Trust co's holdings in Tractor Supply were worth $811,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TSCO. Baldwin Investment Management LLC lifted its position in shares of Tractor Supply by 0.3% during the third quarter. Baldwin Investment Management LLC now owns 11,402 shares of the specialty retailer's stock worth $3,317,000 after purchasing an additional 38 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Tractor Supply by 13.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 351 shares of the specialty retailer's stock worth $102,000 after buying an additional 41 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of Tractor Supply by 4.6% in the 3rd quarter. Harbour Investments Inc. now owns 958 shares of the specialty retailer's stock worth $279,000 after buying an additional 42 shares during the last quarter. Cynosure Group LLC boosted its holdings in shares of Tractor Supply by 2.8% in the 3rd quarter. Cynosure Group LLC now owns 1,529 shares of the specialty retailer's stock valued at $445,000 after buying an additional 42 shares during the period. Finally, Strategy Asset Managers LLC grew its position in shares of Tractor Supply by 5.4% during the 3rd quarter. Strategy Asset Managers LLC now owns 1,198 shares of the specialty retailer's stock valued at $348,000 after buying an additional 61 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

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Tractor Supply Trading Up 1.2 %

NASDAQ TSCO traded up $0.62 on Friday, hitting $52.46. 6,332,533 shares of the stock were exchanged, compared to its average volume of 4,915,676. Tractor Supply has a 52-week low of $48.30 and a 52-week 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 capitalization of $28.01 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 2.95 and a beta of 0.85. The company's 50-day moving average price is $55.07 and its two-hundred day moving average price is $55.67.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The specialty retailer reported $0.44 EPS 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%. Research analysts predict that Tractor Supply will post 2.17 EPS for the current 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 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 7.01%. Tractor Supply's dividend payout ratio is 45.10%.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Guggenheim reissued a "buy" rating and issued a $60.00 target price on shares of Tractor Supply in a report on Friday, January 31st. Wells Fargo & Company cut their price target on Tractor Supply from $65.00 to $64.00 and set an "overweight" rating on the stock in a report on Monday, November 25th. Telsey Advisory Group restated an "outperform" rating and set a $67.00 price objective on shares of Tractor Supply in a research note on Thursday, January 30th. Barclays dropped their target price on Tractor Supply from $262.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Monday, December 30th. Finally, Loop Capital boosted their price target on shares of Tractor Supply from $53.00 to $58.00 and gave the company a "hold" rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $59.22.

Insider Buying and Selling

In other Tractor Supply news, SVP Matthew L. Rubin sold 3,850 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $57.69, for a total value of $222,106.50. Following the transaction, the senior vice president now directly owns 31,787 shares of the company's stock, valued at $1,833,792.03. This represents a 10.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Colin Yankee sold 24,602 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $54.15, for a total value of $1,332,198.30. Following the sale, the executive vice president now directly owns 33,645 shares of the company's stock, valued at $1,821,876.75. This trade represents a 42.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,993 shares of company stock worth $7,538,068. Corporate insiders own 0.24% of the company's stock.

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.