Level Four Advisory Services LLC Grows Holdings in Tractor Supply (NASDAQ:TSCO)

Level Four Advisory Services LLC grew its stake in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 401.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,410 shares of the specialty retailer's stock after purchasing an additional 7,534 shares during the period. Level Four Advisory Services LLC's holdings in Tractor Supply were worth $499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pine Valley Investments Ltd Liability Co grew its position in Tractor Supply by 7.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 978 shares of the specialty retailer's stock worth $285,000 after buying an additional 65 shares during the period. Synergy Financial Group LTD grew its holdings in shares of Tractor Supply by 12.4% in the 3rd quarter. Synergy Financial Group LTD now owns 1,090 shares of the specialty retailer's stock worth $317,000 after acquiring an additional 120 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Tractor Supply by 0.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 27,710 shares of the specialty retailer's stock worth $8,058,000 after acquiring an additional 141 shares during the period. Glen Eagle Advisors LLC raised its holdings in Tractor Supply by 75.8% during the third quarter. Glen Eagle Advisors LLC now owns 464 shares of the specialty retailer's stock worth $135,000 after purchasing an additional 200 shares during the last quarter. Finally, Motley Fool Asset Management LLC grew its holdings in Tractor Supply by 1.7% in the third quarter. Motley Fool Asset Management LLC now owns 15,855 shares of the specialty retailer's stock valued at $4,679,000 after purchasing an additional 266 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TSCO shares. Bank of America lifted their price target on Tractor Supply from $44.00 to $53.00 and gave the stock an "underperform" rating in a research note on Thursday, January 16th. Loop Capital upped 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. Telsey Advisory Group reissued an "outperform" rating and set a $67.00 price objective on shares of Tractor Supply in a research note on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on Tractor Supply from $58.00 to $59.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, Mizuho increased their target price on Tractor Supply from $60.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.22.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 12,146 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $56.00, for a total value of $680,176.00. Following the transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the senior vice president now directly owns 31,787 shares of the company's stock, valued at $1,833,792.03. The trade was a 10.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,993 shares of company stock valued at $7,538,068. 0.24% of the stock is currently owned by corporate insiders.

Tractor Supply Trading Up 0.9 %

TSCO stock traded up $0.49 on Wednesday, hitting $55.62. 3,242,451 shares of the company were exchanged, compared to its average volume of 5,064,176. 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 capitalization of $29.70 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 2.95 and a beta of 0.85. Tractor Supply has a twelve month low of $48.30 and a twelve month high of $61.53. The business's fifty day moving average is $54.98 and its two-hundred day moving average is $55.64.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its 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%. As a group, research analysts forecast that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 6.62%. This is a boost from Tractor Supply's previous quarterly dividend of $0.22. Tractor Supply's payout ratio is presently 45.10%.

Tractor Supply declared that its board has authorized a share 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 reacquire up to 3.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

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.