X Square Capital LLC Grows Stock Position in Tractor Supply (NASDAQ:TSCO)

X Square Capital LLC increased its stake in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 401.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,017 shares of the specialty retailer's stock after acquiring an additional 11,222 shares during the quarter. X Square Capital LLC's holdings in Tractor Supply were worth $744,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC increased its position 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 worth $83,000 after acquiring an additional 65 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Tractor Supply by 17.3% in the third quarter. D.A. Davidson & CO. now owns 9,685 shares of the specialty retailer's stock valued at $2,818,000 after purchasing an additional 1,430 shares in the last quarter. FMR LLC boosted its position in shares of Tractor Supply by 7.6% during the third quarter. FMR LLC now owns 163,454 shares of the specialty retailer's stock valued at $47,554,000 after buying an additional 11,584 shares during the last quarter. Quantbot Technologies LP grew its holdings in Tractor Supply by 1,054.7% during the third quarter. Quantbot Technologies LP now owns 8,291 shares of the specialty retailer's stock worth $2,412,000 after buying an additional 7,573 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Tractor Supply in the 3rd quarter valued at $144,000. Institutional investors and hedge funds own 98.72% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TSCO. Barclays reduced their target price on shares of Tractor Supply from $262.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday, December 30th. Bank of America increased their price objective on shares of Tractor Supply from $44.00 to $53.00 and gave the company an "underperform" rating in a research note on Thursday, January 16th. Guggenheim restated a "buy" rating and issued a $60.00 target price on shares of Tractor Supply in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Tractor Supply from $58.00 to $59.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $67.00 price objective on shares of Tractor Supply in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, six have assigned 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.22.

Insider Buying and Selling

In other news, CEO Harry A. Lawton III sold 88,095 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $54.59, for a total value of $4,809,106.05. Following the completion of the transaction, the chief executive officer now owns 488,852 shares in the company, valued at $26,686,430.68. The trade was a 15.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew L. Rubin sold 3,850 shares of the company's 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 transaction, the senior vice president now directly owns 31,787 shares in the company, valued at approximately $1,833,792.03. The trade was a 10.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,993 shares of company stock worth $7,538,068 in the last quarter. Corporate insiders own 0.24% of the company's stock.

Tractor Supply Trading Up 0.1 %

Shares of NASDAQ:TSCO traded up $0.06 on Tuesday, reaching $55.16. 1,088,013 shares of the company traded hands, compared to its average volume of 5,137,752. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82. Tractor Supply has a 52 week low of $48.30 and a 52 week high of $61.53. The business's 50-day simple moving average is $55.06 and its 200 day simple moving average is $55.65. The stock has a market capitalization of $29.45 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 2.95 and a beta of 0.85.

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 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%. As a group, equities analysts anticipate that Tractor Supply will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from Tractor Supply's previous quarterly dividend of $0.22. This represents a $3.68 annualized dividend and a dividend yield of 6.67%. Tractor Supply's dividend payout ratio (DPR) is presently 45.10%.

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

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.