Mindset Wealth Management LLC Has $467,000 Holdings in Tractor Supply (NASDAQ:TSCO)

Mindset Wealth Management LLC boosted its holdings in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 328.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,800 shares of the specialty retailer's stock after acquiring an additional 6,747 shares during the quarter. Mindset Wealth Management LLC's holdings in Tractor Supply were worth $467,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. raised its holdings 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 acquiring an additional 16,391 shares in the last quarter. Blueshift Asset Management LLC raised its stake in shares of 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 purchasing an additional 2,452 shares in the last quarter. Callan Family Office LLC purchased a new stake in shares of Tractor Supply during the 4th quarter worth about $503,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 valued at $47,271,000 after buying an additional 704,896 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake 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 buying an additional 5,888 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

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Insiders Place Their Bets

In other news, SVP Matthew L. Rubin sold 3,850 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $57.69, for a total transaction of $222,106.50. Following the transaction, the senior vice president now owns 31,787 shares of the company's stock, valued at $1,833,792.03. This represents a 10.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kurt D. Barton sold 12,146 shares of Tractor Supply 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 completion of the sale, the chief financial officer now owns 47,715 shares of the company's stock, valued at approximately $2,672,040. The trade was a 20.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,993 shares of company stock valued at $7,538,068 in the last 90 days. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TSCO shares. Wells Fargo & Company cut their price objective on shares of Tractor Supply from $65.00 to $64.00 and set an "overweight" rating on the stock in a research report on Monday, November 25th. Mizuho lifted their price objective on shares of Tractor Supply from $60.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Truist Financial lowered their target price on shares of Tractor Supply from $63.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Barclays reduced their price target on 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, Guggenheim reissued a "buy" rating and set a $60.00 price objective on shares of Tractor Supply in a report on Friday, January 31st. Two equities 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 given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.22.

Tractor Supply Stock Performance

Shares of TSCO stock traded down $0.70 during mid-day trading on Tuesday, reaching $52.83. The stock had a trading volume of 3,243,363 shares, compared to its average volume of 4,903,713. Tractor Supply has a one year low of $48.30 and a one year high of $61.53. The firm has a market cap of $28.21 billion, a PE ratio of 25.90, a P/E/G ratio of 2.95 and a beta of 0.85. The firm's 50 day simple moving average is $55.00 and its 200 day simple moving average is $55.67. The company has a quick ratio of 0.20, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its earnings results on Thursday, January 30th. The specialty retailer reported $0.44 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%. On average, analysts forecast that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 13th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to purchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were paid a $0.92 dividend. This is a positive change from Tractor Supply's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, February 26th. This represents a $3.68 annualized dividend and a yield of 6.97%. Tractor Supply's payout ratio is currently 45.10%.

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.