Tractor Supply (NASDAQ:TSCO) Stock Holdings Increased by IHT Wealth Management LLC

IHT Wealth Management LLC lifted its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 320.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,483 shares of the specialty retailer's stock after acquiring an additional 11,799 shares during the period. IHT Wealth Management LLC's holdings in Tractor Supply were worth $822,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TSCO. Smithfield Trust Co grew its position in Tractor Supply by 286.2% in the fourth quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 352 shares in the last quarter. Future Financial Wealth Managment LLC grew its holdings in Tractor Supply by 400.0% during the 4th 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. Archer Investment Corp lifted its holdings in Tractor Supply by 400.0% in the 4th quarter. Archer Investment Corp now owns 500 shares of the specialty retailer's stock worth $27,000 after buying an additional 400 shares in the last quarter. PrairieView Partners LLC boosted its position in Tractor Supply by 400.0% in the 4th quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer's stock valued at $26,000 after buying an additional 400 shares during the last quarter. Finally, Kentucky Trust Co acquired a new stake in shares of Tractor Supply during the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Performance

Tractor Supply stock traded down $0.92 during midday trading on Monday, reaching $49.00. 6,417,434 shares of the stock traded hands, compared to its average volume of 5,119,981. The firm has a fifty day moving average price of $53.04 and a two-hundred day moving average price of $54.73. Tractor Supply has a fifty-two week low of $46.85 and a fifty-two week high of $61.53. The firm has a market cap of $26.05 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 2.95 and a beta of 0.88. 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 issued its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share (EPS) 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 the consensus estimate of $3.55 billion. Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.83 earnings per share. On average, equities research analysts forecast that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were paid a dividend of $0.92 per share. This is a boost 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 7.51%. The ex-dividend date of this dividend was Wednesday, February 26th. Tractor Supply's payout ratio is currently 45.77%.

Tractor Supply announced that its board has approved a share buyback program on Thursday, February 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TSCO shares. Citigroup lowered their price objective on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Friday. Raymond James dropped their price target on shares of Tractor Supply from $61.00 to $57.00 and set an "outperform" rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their price objective 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. Mizuho decreased their price objective on shares of Tractor Supply from $62.00 to $58.00 and set an "outperform" rating for the company in a report on Friday. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $67.00 target price on shares of Tractor Supply in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $58.47.

Insider Buying and Selling

In other Tractor Supply news, CEO Harry A. Lawton III sold 88,095 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $54.59, for a total transaction of $4,809,106.05. Following the sale, the chief executive officer now directly owns 488,852 shares in the company, valued at approximately $26,686,430.68. The trade was a 15.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kurt D. Barton sold 12,146 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 47,715 shares of the company's stock, valued at $2,672,040. This trade represents a 20.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,993 shares of company stock valued at $7,538,068 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

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.