Tractor Supply (NASDAQ:TSCO) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lifted its holdings in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 325.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,230 shares of the specialty retailer's stock after acquiring an additional 34,605 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Tractor Supply were worth $2,400,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. GSA Capital Partners LLP bought a new position in Tractor Supply during the third quarter valued at about $474,000. MAI Capital Management boosted its stake in Tractor Supply by 1.8% in the third quarter. MAI Capital Management now owns 6,139 shares of the specialty retailer's stock valued at $1,786,000 after acquiring an additional 108 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Tractor Supply during the 3rd quarter valued at approximately $3,866,000. Strategy Asset Managers LLC increased its stake in shares of Tractor Supply by 5.4% during the 3rd quarter. Strategy Asset Managers LLC now owns 1,198 shares of the specialty retailer's stock worth $348,000 after purchasing an additional 61 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Tractor Supply by 1,674.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,492 shares of the specialty retailer's stock worth $5,380,000 after purchasing an additional 17,450 shares during the period. 98.72% of the stock is currently owned by institutional investors.

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Insider Activity at Tractor Supply

In other news, EVP Melissa Kersey sold 9,300 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $53.17, for a total value of $494,481.00. Following the transaction, the executive vice president now directly owns 34,961 shares in the company, valued at $1,858,876.37. This trade represents a 21.01 % decrease in their position. 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 business'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 sale, the senior vice president now 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. Over the last 90 days, insiders have sold 137,993 shares of company stock worth $7,538,068. 0.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TSCO shares. Mizuho raised their target price on Tractor Supply from $60.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Telsey Advisory Group reiterated an "outperform" rating and issued a $67.00 price objective on shares of Tractor Supply in a research report on Thursday, January 30th. Wells Fargo & Company dropped their target price on shares of Tractor Supply from $65.00 to $64.00 and set an "overweight" rating for the company in a research report on Monday, November 25th. JPMorgan Chase & Co. upped their price objective on Tractor Supply from $58.00 to $59.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Finally, Barclays cut their price objective on shares of Tractor Supply from $262.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday, December 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $59.22.

Tractor Supply Stock Down 1.3 %

Shares of Tractor Supply stock traded down $0.70 during trading hours on Tuesday, hitting $52.83. The company had a trading volume of 3,243,363 shares, compared to its average volume of 4,899,349. The company's 50-day moving average is $55.01 and its two-hundred day moving average is $55.68. The company has a market cap of $28.21 billion, a P/E ratio of 25.90, 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 company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.20.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share (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%. Analysts anticipate that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply announced that its Board of Directors has authorized a share repurchase program on Thursday, February 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to repurchase up to 3.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Tractor Supply Increases Dividend

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

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.