OmniStar Financial Group Inc. Takes Position in Tractor Supply (NASDAQ:TSCO)

OmniStar Financial Group Inc. purchased a new position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,609 shares of the specialty retailer's stock, valued at approximately $1,635,000. Tractor Supply makes up about 1.2% of OmniStar Financial Group Inc.'s portfolio, making the stock its 17th biggest holding.

Several other large investors have also recently made changes to their positions in TSCO. Wedmont Private Capital raised its stake in shares of Tractor Supply by 3.6% during the first quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer's stock valued at $331,000 after acquiring an additional 45 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Tractor Supply by 527.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer's stock valued at $7,155,000 after buying an additional 22,279 shares in the last quarter. Congress Asset Management Co. MA grew its position in shares of Tractor Supply by 7.2% in the 1st quarter. Congress Asset Management Co. MA now owns 163,875 shares of the specialty retailer's stock worth $42,889,000 after buying an additional 10,980 shares during the period. Ballentine Partners LLC increased its stake in shares of Tractor Supply by 2.1% in the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer's stock worth $1,216,000 after acquiring an additional 93 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Tractor Supply by 3.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 143,749 shares of the specialty retailer's stock valued at $37,622,000 after acquiring an additional 4,788 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Stock Performance

TSCO stock traded down $0.70 during trading on Friday, reaching $297.62. The stock had a trading volume of 823,412 shares, compared to its average volume of 1,047,423. The firm has a market cap of $32.09 billion, a PE ratio of 28.98, a PEG ratio of 3.81 and a beta of 0.80. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The stock's 50 day moving average is $279.96 and its two-hundred day moving average is $271.93. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $307.64.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting analysts' consensus estimates of $3.93. The business had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The firm's revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.83 earnings per share. As a group, equities analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a $1.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.48%. Tractor Supply's dividend payout ratio (DPR) is presently 42.84%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Tractor Supply from $295.00 to $325.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. Robert W. Baird set a $320.00 price objective on Tractor Supply in a research report on Thursday. Evercore ISI cut Tractor Supply from an "outperform" rating to an "in-line" rating and set a $300.00 price objective for the company. in a research note on Thursday, October 3rd. Benchmark reissued a "buy" rating and issued a $280.00 target price on shares of Tractor Supply in a research note on Monday, September 30th. Finally, Citigroup raised Tractor Supply from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $272.50.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 23,532 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares of the company's stock, valued at $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Kurt D. Barton sold 23,532 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% 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.