Landscape Capital Management L.L.C. Has $754,000 Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Landscape Capital Management L.L.C. grew its position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 153.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,213 shares of the specialty retailer's stock after acquiring an additional 8,601 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Tractor Supply were worth $754,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TSCO. CIBC Private Wealth Group LLC boosted its stake in Tractor Supply by 385.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,089,542 shares of the specialty retailer's stock valued at $59,260,000 after purchasing an additional 865,273 shares during the period. 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. Callan Family Office LLC acquired a new stake in Tractor Supply in the 4th quarter valued at approximately $503,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Tractor Supply by 379.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 890,898 shares of the specialty retailer's stock valued at $47,271,000 after acquiring an additional 704,896 shares during the period. Institutional investors own 98.72% of the company's stock.

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Tractor Supply Trading Up 0.7 %

TSCO stock traded up $0.35 during mid-day trading on Friday, reaching $51.67. 4,341,698 shares of the stock traded hands, compared to its average volume of 5,128,594. The stock's fifty day moving average is $54.07 and its 200-day moving average is $55.36. The company has a market cap of $27.47 billion, a P/E ratio of 25.33, a P/E/G 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 has a 52-week low of $46.97 and a 52-week high of $61.53.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share 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, sell-side analysts expect that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply declared that its Board of Directors has approved a share repurchase plan 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 stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Tractor Supply Increases Dividend

The firm also recently announced 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. This represents a $3.68 annualized dividend and a yield of 7.12%. The ex-dividend date was Wednesday, February 26th. This is a boost from Tractor Supply's previous quarterly dividend of $0.22. Tractor Supply's payout ratio is 45.10%.

Insider Activity

In related news, EVP Melissa Kersey sold 9,300 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $53.17, for a total transaction of $494,481.00. Following the completion of the sale, the executive vice president now directly owns 34,961 shares in the company, valued at approximately $1,858,876.37. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Harry A. Lawton III sold 88,095 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 488,852 shares in the company, valued at approximately $26,686,430.68. This represents a 15.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,993 shares of company stock worth $7,538,068 in the last 90 days. Company insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TSCO. Loop Capital increased their price target on Tractor Supply from $53.00 to $58.00 and gave the stock a "hold" rating in a research note on Thursday, December 12th. Barclays decreased their target price 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. Mizuho boosted their price target on shares of Tractor Supply from $60.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Truist Financial reduced their price target on shares of Tractor Supply from $63.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, Stephens assumed coverage on shares of Tractor Supply in a research note on Wednesday. They set an "equal weight" rating and a $56.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $59.07.

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.