Strategy Asset Managers LLC Has $322,000 Position in Tractor Supply (NASDAQ:TSCO)

Strategy Asset Managers LLC boosted its stake in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 405.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,060 shares of the specialty retailer's stock after acquiring an additional 4,862 shares during the quarter. Strategy Asset Managers LLC's holdings in Tractor Supply were worth $322,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TSCO. Larson Financial Group LLC raised its stake in shares of Tractor Supply by 29.4% during the 3rd quarter. Larson Financial Group LLC now owns 286 shares of the specialty retailer's stock worth $83,000 after buying an additional 65 shares during the period. Pine Valley Investments Ltd Liability Co increased its stake in Tractor Supply by 7.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 978 shares of the specialty retailer's stock worth $285,000 after buying an additional 65 shares in the last quarter. Synergy Financial Group LTD lifted its position in shares of Tractor Supply by 12.4% in the third quarter. Synergy Financial Group LTD now owns 1,090 shares of the specialty retailer's stock valued at $317,000 after acquiring an additional 120 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Tractor Supply by 0.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 27,710 shares of the specialty retailer's stock worth $8,058,000 after purchasing an additional 141 shares during the last quarter. Finally, Glen Eagle Advisors LLC lifted its position in Tractor Supply by 75.8% during the third quarter. Glen Eagle Advisors LLC now owns 464 shares of the specialty retailer's stock worth $135,000 after buying an additional 200 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Tractor Supply

In other news, SVP Matthew L. Rubin sold 3,850 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $57.69, for a total transaction of $222,106.50. Following the completion of the sale, the senior vice president now directly owns 31,787 shares in the company, valued at approximately $1,833,792.03. This represents a 10.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Colin Yankee sold 24,602 shares of the stock in a transaction 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 directly owns 33,645 shares in the company, valued at approximately $1,821,876.75. This trade represents a 42.24 % 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 currently owned by insiders.

Tractor Supply Trading Down 0.1 %

NASDAQ TSCO traded down $0.04 on Thursday, reaching $55.58. The company had a trading volume of 2,424,493 shares, compared to its average volume of 5,054,396. The stock's 50 day moving average is $54.98 and its 200-day moving average is $55.64. Tractor Supply has a 52 week low of $48.30 and a 52 week high of $61.53. The stock has a market cap of $29.68 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 2.95 and a beta of 0.85. The company has a quick ratio of 0.20, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced 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 predict that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply declared that its Board of Directors has approved a stock repurchase 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 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 issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 6.62%. This is an increase from Tractor Supply's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, February 26th. Tractor Supply's payout ratio is presently 45.10%.

Analyst Ratings Changes

TSCO has been the subject of several recent analyst reports. Loop Capital raised their price objective on shares of Tractor Supply from $53.00 to $58.00 and gave the stock a "hold" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target 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. Truist Financial dropped their target price on shares of Tractor Supply from $63.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Barclays dropped their price objective on shares of Tractor Supply from $262.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Monday, December 30th. Finally, Bank of America upped their price target on Tractor Supply from $44.00 to $53.00 and gave the stock an "underperform" rating in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.22.

About Tractor Supply

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.