32,962 Shares in Tractor Supply (NASDAQ:TSCO) Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners 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 Form 13F filing with the SEC. The fund purchased 32,962 shares of the specialty retailer's stock, valued at approximately $1,749,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Townsquare Capital LLC boosted its stake in shares of Tractor Supply by 433.0% in the 4th quarter. Townsquare Capital LLC now owns 105,493 shares of the specialty retailer's stock valued at $5,597,000 after purchasing an additional 85,699 shares in the last quarter. Ceeto Capital Group LLC grew its stake in shares of Tractor Supply by 400.0% during the fourth quarter. Ceeto Capital Group LLC now owns 11,500 shares of the specialty retailer's stock worth $610,000 after buying an additional 9,200 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Tractor Supply by 435.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 148,427 shares of the specialty retailer's stock worth $7,906,000 after buying an additional 120,717 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Tractor Supply by 2,862.3% during the fourth quarter. Sterling Capital Management LLC now owns 58,150 shares of the specialty retailer's stock worth $3,085,000 after buying an additional 56,187 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc lifted its stake in shares of Tractor Supply by 400.0% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 795 shares of the specialty retailer's stock valued at $42,000 after acquiring an additional 636 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Activity at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 3,850 shares of the stock in a transaction on 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 transaction, the senior vice president now owns 31,787 shares in the company, valued at approximately $1,833,792.03. This represents a 10.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Melissa Kersey sold 9,300 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $53.17, for a total transaction of $494,481.00. Following the completion of the transaction, the executive vice president now owns 34,961 shares of the company's stock, valued at approximately $1,858,876.37. The trade was a 21.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,993 shares of company stock worth $7,538,068 over the last quarter. 0.24% of the stock is owned by corporate insiders.

Tractor Supply Trading Up 1.5 %

Shares of TSCO stock traded up $0.75 on Friday, hitting $50.11. 4,481,903 shares of the company's stock traded hands, compared to its average volume of 5,113,095. Tractor Supply has a one year low of $46.97 and a one year high of $61.53. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.20 and a current ratio of 1.43. The company's fifty day simple moving average is $53.84 and its 200 day simple moving average is $55.19. The stock has a market capitalization of $26.64 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 2.95 and a beta of 0.88.

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%. Equities analysts forecast that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply announced that its board has authorized a stock repurchase program on Thursday, February 13th that authorizes the company to repurchase $1.00 billion in outstanding 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 often a sign that the company's leadership believes its stock is undervalued.

Tractor Supply Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.34%. The ex-dividend date of this dividend was Wednesday, February 26th. Tractor Supply's dividend payout ratio (DPR) is currently 45.10%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Stephens assumed coverage on Tractor Supply in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 price objective on the stock. Mizuho raised their price objective on shares of Tractor Supply from $60.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Bank of America boosted their target price on shares of Tractor Supply from $44.00 to $53.00 and gave the stock an "underperform" rating in a report on Thursday, January 16th. JPMorgan Chase & Co. raised 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, Barclays lowered their price target on shares of Tractor Supply from $262.00 to $52.00 and set an "equal weight" rating for the company in a report on Monday, December 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $59.07.

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.