Tractor Supply (NASDAQ:TSCO) Shares Purchased by US Bancorp DE

US Bancorp DE raised its position in Tractor Supply (NASDAQ:TSCOFree Report) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,568 shares of the specialty retailer’s stock after purchasing an additional 78 shares during the quarter. US Bancorp DE’s holdings in Tractor Supply were worth $9,799,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC lifted its stake in shares of Tractor Supply by 5.6% in the 3rd quarter. Private Advisor Group LLC now owns 4,513 shares of the specialty retailer’s stock valued at $916,000 after purchasing an additional 240 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Tractor Supply in the 3rd quarter worth approximately $71,000. Ieq Capital LLC boosted its position in shares of Tractor Supply by 7.3% during the 3rd quarter. Ieq Capital LLC now owns 2,951 shares of the specialty retailer’s stock worth $599,000 after purchasing an additional 201 shares during the period. PFG Investments LLC increased its holdings in Tractor Supply by 22.6% in the 3rd quarter. PFG Investments LLC now owns 1,233 shares of the specialty retailer’s stock valued at $250,000 after purchasing an additional 227 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. purchased a new stake in Tractor Supply in the third quarter valued at approximately $1,686,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Activity

In other news, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction on 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 transaction, the executive vice president now directly owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the sale, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction that occurred on 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 in the company, valued at $2,418,250. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Tractor Supply Stock Down 0.4 %

TSCO stock opened at $282.00 on Monday. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $287.89. The stock has a market cap of $30.40 billion, a P/E ratio of 27.46, a PEG ratio of 3.67 and a beta of 0.82. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The company’s 50 day moving average is $263.43 and its two-hundred day moving average is $237.85.

Tractor Supply (NASDAQ:TSCOGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the company posted $1.65 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts expect that Tractor Supply will post 10.33 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, May 24th. Tractor Supply’s dividend payout ratio is currently 42.84%.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of research reports. UBS Group lifted their price objective on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Guggenheim lifted their target price on Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Benchmark reissued a “buy” rating and set a $256.00 price target on shares of Tractor Supply in a research report on Monday, April 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Barclays upped their target price on shares of Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Tractor Supply presently has a consensus rating of “Hold” and an average price target of $253.96.

Read Our Latest Research Report on Tractor Supply

Tractor Supply Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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