Tractor Supply (NASDAQ:TSCO) Shares Bought by Signaturefd LLC

Signaturefd LLC raised its holdings in Tractor Supply (NASDAQ:TSCO - Free Report) by 412.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,519 shares of the specialty retailer's stock after acquiring an additional 10,076 shares during the quarter. Signaturefd LLC's holdings in Tractor Supply were worth $664,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSCO. Baldwin Investment Management LLC raised its holdings in shares of Tractor Supply by 0.3% in the third quarter. Baldwin Investment Management LLC now owns 11,402 shares of the specialty retailer's stock valued at $3,317,000 after acquiring an additional 38 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Tractor Supply by 13.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 351 shares of the specialty retailer's stock valued at $102,000 after purchasing an additional 41 shares in the last quarter. Cynosure Group LLC raised its holdings in shares of Tractor Supply by 2.8% in the 3rd quarter. Cynosure Group LLC now owns 1,529 shares of the specialty retailer's stock valued at $445,000 after purchasing an additional 42 shares in the last quarter. Strategy Asset Managers LLC lifted its position in shares of Tractor Supply by 5.4% in 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 period. Finally, Larson Financial Group LLC boosted its stake in shares of Tractor Supply by 29.4% during the third quarter. Larson Financial Group LLC now owns 286 shares of the specialty retailer's stock valued at $83,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

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Tractor Supply Stock Performance

NASDAQ:TSCO traded up $1.07 during trading hours on Monday, reaching $53.53. The company had a trading volume of 3,391,244 shares, compared to its average volume of 4,899,696. 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 has a 1-year low of $48.30 and a 1-year high of $61.53. The business's 50 day moving average price is $55.03 and its 200-day moving average price is $55.69. The firm has a market cap of $28.59 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 2.95 and a beta of 0.85.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted 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 net margin of 7.40% and a return on equity of 49.01%. Research analysts forecast that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.68 annualized dividend and a dividend yield of 6.87%. Tractor Supply's dividend payout ratio (DPR) is 45.10%.

Tractor Supply declared that its board has authorized a share buyback program on Thursday, February 13th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire up to 3.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Mizuho boosted their price objective on shares of Tractor Supply from $60.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Telsey Advisory Group reissued an "outperform" rating and issued a $67.00 price target on shares of Tractor Supply in a research report on Thursday, January 30th. Guggenheim reaffirmed a "buy" rating and set a $60.00 price objective on shares of Tractor Supply in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Tractor Supply from $58.00 to $59.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Finally, Truist Financial lowered their price target on shares of Tractor Supply from $63.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $59.22.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 12,146 shares of Tractor Supply stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $56.00, for a total value of $680,176.00. Following the sale, the chief financial officer now directly owns 47,715 shares of the company's stock, valued at $2,672,040. The trade was a 20.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Matthew L. Rubin sold 3,850 shares of the stock in a transaction on Thursday, February 20th. The shares were 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 directly owns 31,787 shares of the company's stock, valued at approximately $1,833,792.03. This represents a 10.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,993 shares of company stock valued at $7,538,068 over the last 90 days. Corporate insiders own 0.24% of the company's stock.

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.