Ilmarinen Mutual Pension Insurance Co Increases Position in Tractor Supply (NASDAQ:TSCO)

Ilmarinen Mutual Pension Insurance Co boosted its stake in Tractor Supply (NASDAQ:TSCO - Free Report) by 799.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,525 shares of the specialty retailer's stock after purchasing an additional 100,020 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Tractor Supply were worth $5,971,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TSCO. CIBC Private Wealth Group LLC raised its holdings in Tractor Supply by 385.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,089,542 shares of the specialty retailer's stock worth $59,260,000 after purchasing an additional 865,273 shares during the period. BOK Financial Private Wealth Inc. increased its position in shares of Tractor Supply by 330.2% during the 4th 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 increased its stake in shares of Tractor Supply by 571.8% during the 4th quarter. Blueshift Asset Management LLC now owns 66,815 shares of the specialty retailer's stock worth $3,545,000 after purchasing an additional 56,870 shares during the last quarter. Callan Family Office LLC acquired a new position in Tractor Supply during the fourth quarter worth approximately $503,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Tractor Supply by 379.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 890,898 shares of the specialty retailer's stock valued at $47,271,000 after acquiring an additional 704,896 shares during the period. Institutional investors and hedge funds own 98.72% of the company's stock.

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Insider Buying and Selling

In other news, SVP Matthew L. Rubin sold 3,850 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $57.69, for a total transaction of $222,106.50. Following the sale, the senior vice president now directly owns 31,787 shares in the company, valued at $1,833,792.03. This represents a 10.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Melissa Kersey sold 9,300 shares of the company'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 transaction of $494,481.00. Following the sale, the executive vice president now directly owns 34,961 shares in the company, valued at $1,858,876.37. This trade represents a 21.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,993 shares of company stock valued at $7,538,068. 0.24% of the stock is owned by company insiders.

Tractor Supply Stock Down 0.6 %

TSCO traded down $0.33 during midday trading on Friday, reaching $51.00. 1,443,841 shares of the company were exchanged, compared to its average volume of 5,118,807. The company's fifty day moving average price is $54.12 and its 200 day moving average price is $55.39. Tractor Supply has a one year low of $46.97 and a one year high of $61.53. The company has a market cap of $27.11 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.20 and a current ratio of 1.43.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings data 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 return on equity of 49.01% and a net margin of 7.40%. As a group, analysts expect that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply announced that its Board of Directors has initiated a share buyback plan on Thursday, February 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders 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 yield of 7.22%. Tractor Supply's payout ratio is currently 45.10%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TSCO. Mizuho lifted their target price on Tractor Supply from $60.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target 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. Loop Capital upped their target price on Tractor Supply from $53.00 to $58.00 and gave the stock a "hold" rating in a report on Thursday, December 12th. Barclays cut their price target on shares of Tractor Supply from $262.00 to $52.00 and set an "equal weight" rating on the stock in a report on Monday, December 30th. Finally, Stephens initiated coverage on Tractor Supply in a report on Wednesday. They issued an "equal weight" rating and a $56.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $59.07.

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.