TRUE Private Wealth Advisors Purchases 539 Shares of Tractor Supply (NASDAQ:TSCO)

TRUE Private Wealth Advisors raised its position in shares of Tractor Supply (NASDAQ:TSCO) by 51.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,594 shares of the specialty retailer’s stock after purchasing an additional 539 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Tractor Supply were worth $343,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Tractor Supply by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 12,833,541 shares of the specialty retailer’s stock valued at $2,994,964,000 after purchasing an additional 46,672 shares during the period. State Street Corp grew its stake in shares of Tractor Supply by 0.8% during the 1st quarter. State Street Corp now owns 4,459,754 shares of the specialty retailer’s stock valued at $1,048,209,000 after purchasing an additional 34,281 shares during the period. Wellington Management Group LLP grew its stake in shares of Tractor Supply by 9,370.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock valued at $573,038,000 after purchasing an additional 2,792,352 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Tractor Supply by 2.9% during the 1st quarter. JPMorgan Chase & Co. now owns 2,820,992 shares of the specialty retailer’s stock valued at $663,049,000 after purchasing an additional 79,240 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Tractor Supply by 5.9% during the 1st quarter. Geode Capital Management LLC now owns 2,496,347 shares of the specialty retailer’s stock valued at $585,604,000 after buying an additional 138,258 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Price Performance

Shares of TSCO stock opened at $247.39 on Thursday. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $268.02. The stock has a market capitalization of $26.70 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 3.68 and a beta of 0.84. The stock has a fifty day simple moving average of $249.23 and a two-hundred day simple moving average of $224.12. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.06. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.43 EPS. On average, analysts predict that Tractor Supply will post 10.19 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were paid a dividend of $1.10 per share. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s dividend payout ratio is 43.61%.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the completion of the sale, the chief financial officer now directly owns 25,013 shares in the company, valued at approximately $5,804,516.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tractor Supply news, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the sale, the executive vice president now directly owns 22,167 shares in the company, valued at $5,147,842.41. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kurt D. Barton sold 401 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the sale, the chief financial officer now owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The disclosure for this sale can be found here. Insiders sold 90,090 shares of company stock worth $21,201,877 in the last three months. 0.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSCO. Wells Fargo & Company lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Benchmark reissued a “buy” rating and issued a $256.00 price target on shares of Tractor Supply in a report on Wednesday, April 3rd. Wedbush boosted their price target on Tractor Supply from $200.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Barclays upped their price objective on Tractor Supply from $192.00 to $234.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Guggenheim upped their price objective on Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Tractor Supply has a consensus rating of “Hold” and a consensus price target of $240.57.

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.