Pollock Investment Advisors LLC purchased a new position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 28,113 shares of the specialty retailer's stock, valued at approximately $1,492,000. Tractor Supply accounts for about 1.2% of Pollock Investment Advisors LLC's portfolio, making the stock its 10th biggest holding.
Other large investors have also added to or reduced their stakes in 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 purchasing an additional 16,391 shares during 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 valued at $2,893,000 after buying an additional 2,452 shares during the last quarter. Callan Family Office LLC acquired a new position in shares of Tractor Supply in the 4th quarter valued at about $503,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Tractor Supply by 379.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 890,898 shares of the specialty retailer's stock worth $47,271,000 after buying an additional 704,896 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in Tractor Supply by 368.7% during the fourth quarter. Citizens Financial Group Inc. RI now owns 7,485 shares of the specialty retailer's stock worth $397,000 after acquiring an additional 5,888 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.
Insider Activity
In other Tractor Supply news, EVP Melissa Kersey sold 9,300 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $53.17, for a total value of $494,481.00. Following the sale, the executive vice president now owns 34,961 shares of the company's stock, valued at $1,858,876.37. The trade was a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Harry A. Lawton III sold 88,095 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $54.59, for a total value of $4,809,106.05. Following the transaction, the chief executive officer now owns 488,852 shares in the company, valued at $26,686,430.68. This trade represents a 15.27 % 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 quarter. Insiders own 0.24% of the company's stock.
Wall Street Analysts Forecast Growth
TSCO has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Tractor Supply from $58.00 to $59.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Guggenheim reiterated a "buy" rating and issued a $60.00 target price on shares of Tractor Supply in a research note on Friday, January 31st. Loop Capital raised their price target on shares of Tractor Supply from $53.00 to $58.00 and gave the company a "hold" rating in a research report on Thursday, December 12th. Wells Fargo & Company decreased their price objective 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. Finally, Mizuho raised their target price on Tractor Supply from $60.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.22.
Read Our Latest Research Report on TSCO
Tractor Supply Trading Down 1.8 %
Shares of TSCO traded down $0.96 during midday trading on Thursday, reaching $51.84. The company had a trading volume of 3,083,906 shares, compared to its average volume of 4,908,744. Tractor Supply has a 1-year low of $48.30 and a 1-year high of $61.53. The company has a quick ratio of 0.20, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $55.12 and a 200-day simple moving average of $55.70. The stock has a market cap of $27.68 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 2.95 and a beta of 0.85.
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 analysts' consensus estimates of $2.28 by ($1.84). Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. Research analysts forecast that Tractor Supply will post 2.17 EPS for the current fiscal year.
Tractor Supply declared that its board has initiated a stock buyback program on Thursday, February 13th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to reacquire up to 3.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are 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 is a boost 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 7.10%. Tractor Supply's dividend payout ratio (DPR) is 45.10%.
About Tractor Supply
(
Free Report)
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.
See Also
Before you consider Tractor Supply, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tractor Supply wasn't on the list.
While Tractor Supply currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
