GAMMA Investing LLC Takes $183,000 Position in Tractor Supply (NASDAQ:TSCO)

GAMMA Investing LLC bought a new stake in Tractor Supply (NASDAQ:TSCO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 813 shares of the specialty retailer’s stock, valued at approximately $183,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WCM Investment Management LLC purchased a new stake in Tractor Supply during the fourth quarter worth about $782,000. LPL Financial LLC increased its holdings in Tractor Supply by 4.6% during the third quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock worth $23,122,000 after buying an additional 5,014 shares during the last quarter. Impax Asset Management Group plc increased its holdings in Tractor Supply by 2,120.1% during the fourth quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock worth $26,194,000 after buying an additional 116,330 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in Tractor Supply by 21.1% during the third quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock worth $315,000 after buying an additional 270 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Tractor Supply by 32,987.5% during the fourth quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock worth $58,128,000 after buying an additional 269,508 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 3.3 %

Shares of Tractor Supply stock opened at $273.90 on Friday. The company has a 50-day moving average of $252.44 and a 200 day moving average of $226.59. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.28. The firm has a market cap of $29.56 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 3.97 and a beta of 0.84. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $274.66.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.65 EPS. As a group, sell-side analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TSCO shares. Stephens downgraded shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $226.00 to $240.00 in a report on Tuesday, January 23rd. Evercore ISI raised their price objective on shares of Tractor Supply from $275.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday. The Goldman Sachs Group raised their price objective on shares of Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Mizuho restated a “neutral” rating and issued a $250.00 price objective (up from $245.00) on shares of Tractor Supply in a research report on Friday. Finally, Raymond James lifted their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Tractor Supply has a consensus rating of “Hold” and a consensus target price of $248.17.

Insider Activity

In other news, EVP Colin Yankee sold 8,675 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the sale, the executive vice president now owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the transaction, the executive vice president now owns 22,167 shares of the company’s stock, valued at $5,147,842.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Colin Yankee sold 8,675 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the completion of the transaction, the executive vice president now directly owns 9,673 shares in the company, valued at approximately $2,418,250. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock valued at $21,201,877 in the last 90 days. 0.24% of the stock is currently owned by insiders.

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.