Southeast Asset Advisors LLC Has $2.67 Million Stake in Tractor Supply (NASDAQ:TSCO)

Southeast Asset Advisors LLC raised its stake in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 372.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,290 shares of the specialty retailer's stock after acquiring an additional 39,639 shares during the quarter. Southeast Asset Advisors LLC's holdings in Tractor Supply were worth $2,668,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TSCO. Smithfield Trust Co lifted its position in Tractor Supply by 286.2% during the 4th quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 352 shares during the period. PrairieView Partners LLC grew its holdings in Tractor Supply by 400.0% during the 4th quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 400 shares during the period. Future Financial Wealth Managment LLC raised its position in shares of Tractor Supply by 400.0% during the 4th quarter. Future Financial Wealth Managment LLC now owns 500 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 400 shares during the last quarter. Archer Investment Corp boosted its holdings in Tractor Supply by 400.0% during the fourth quarter. Archer Investment Corp now owns 500 shares of the specialty retailer's stock worth $27,000 after buying an additional 400 shares during the last quarter. Finally, Kentucky Trust Co bought a new stake in shares of Tractor Supply in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 98.72% of the company's stock.

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Tractor Supply Stock Up 0.7 %

TSCO traded up $0.35 during trading on Friday, reaching $51.67. 4,341,698 shares of the stock were exchanged, compared to its average volume of 5,128,594. 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 stock's 50 day moving average price is $54.07 and its two-hundred day moving average price is $55.36. Tractor Supply has a twelve month low of $46.97 and a twelve month high of $61.53. The stock has a market cap of $27.47 billion, a P/E ratio of 25.33, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.28 by ($1.84). Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. Equities analysts expect that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply announced that its board has initiated a stock buyback plan on Thursday, February 13th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to purchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from Tractor Supply's previous quarterly dividend of $0.22. Tractor Supply's dividend payout ratio is 45.10%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III sold 88,095 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $54.59, for a total transaction of $4,809,106.05. Following the completion of the sale, the chief executive officer now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Colin Yankee sold 24,602 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $54.15, for a total value of $1,332,198.30. Following the sale, the executive vice president now owns 33,645 shares of the company's stock, valued at approximately $1,821,876.75. This represents a 42.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,993 shares of company stock valued at $7,538,068 in the last quarter. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TSCO shares. JPMorgan Chase & Co. boosted their price objective on shares of Tractor Supply from $58.00 to $59.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Telsey Advisory Group restated an "outperform" rating and issued a $67.00 price objective on shares of Tractor Supply in a research report on Thursday, January 30th. Truist Financial reduced their target price on Tractor Supply from $63.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Stephens began coverage on Tractor Supply in a research report on Wednesday. They set an "equal weight" rating and a $56.00 price target on the stock. Finally, Guggenheim reiterated a "buy" rating and issued a $60.00 price objective on shares of Tractor Supply in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Tractor Supply has a consensus rating of "Moderate Buy" and a consensus target price 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.