Tractor Supply (NASDAQ:TSCO) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,487 shares of the specialty retailer’s stock after buying an additional 163 shares during the quarter. Tractor Supply makes up approximately 0.5% of Linden Thomas Advisory Services LLC’s investment portfolio, making the stock its 21st largest position. Linden Thomas Advisory Services LLC’s holdings in Tractor Supply were worth $2,900,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Citizens National Bank Trust Department raised its stake in Tractor Supply by 0.5% in the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock valued at $2,086,000 after purchasing an additional 45 shares during the last quarter. Allen Capital Group LLC raised its stake in Tractor Supply by 0.6% in the 3rd quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer’s stock valued at $1,805,000 after purchasing an additional 53 shares during the last quarter. Fidelis Capital Partners LLC raised its stake in Tractor Supply by 5.0% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock valued at $240,000 after purchasing an additional 53 shares during the last quarter. Scotia Capital Inc. raised its stake in Tractor Supply by 2.5% in the 3rd quarter. Scotia Capital Inc. now owns 2,177 shares of the specialty retailer’s stock valued at $442,000 after purchasing an additional 54 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC raised its stake in Tractor Supply by 0.8% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 6,762 shares of the specialty retailer’s stock valued at $1,373,000 after purchasing an additional 55 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Trading Up 1.3 %

Tractor Supply stock traded up $3.19 during midday trading on Tuesday, reaching $256.57. 660,117 shares of the stock traded hands, compared to its average volume of 1,145,578. The company has a 50-day simple moving average of $250.24 and a two-hundred day simple moving average of $225.24. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $268.02. The firm has a market cap of $27.69 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 3.80 and a beta of 0.84. 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 announced its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.06. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period last year, the business posted $2.43 EPS. Tractor Supply’s revenue for the quarter was down 8.6% on a year-over-year basis. Research analysts expect that Tractor Supply will post 10.2 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s dividend payout ratio (DPR) is presently 43.61%.

Insider Activity

In other news, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the transaction, the chief executive officer now owns 95,192 shares in the company, valued at approximately $22,173,072.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the transaction, the chief executive officer now owns 95,192 shares in the company, valued at approximately $22,173,072.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the transaction, the executive vice president now owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,090 shares of company stock worth $21,201,877. 0.58% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Telsey Advisory Group raised their target price on Tractor Supply from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday. Evercore ISI cut their target price on Tractor Supply from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Morgan Stanley reaffirmed an “underweight” rating and issued a $195.00 target price on shares of Tractor Supply in a research note on Tuesday, January 16th. Truist Financial raised their target price on Tractor Supply from $256.00 to $277.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company raised their target price on Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $241.65.

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.