Capital Advisors Ltd. LLC Grows Position in Tractor Supply (NASDAQ:TSCO)

Capital Advisors Ltd. LLC boosted its holdings in Tractor Supply (NASDAQ:TSCO) by 3.1% in the 4th quarter, HoldingsChannel reports. The fund owned 2,627 shares of the specialty retailer’s stock after acquiring an additional 80 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Tractor Supply were worth $565,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TSCO. CWM LLC raised its position in Tractor Supply by 27.7% in the third quarter. CWM LLC now owns 3,175 shares of the specialty retailer’s stock worth $645,000 after acquiring an additional 689 shares in the last quarter. AE Wealth Management LLC increased its position in shares of Tractor Supply by 13.4% in the third quarter. AE Wealth Management LLC now owns 8,125 shares of the specialty retailer’s stock valued at $1,650,000 after buying an additional 960 shares in the last quarter. HB Wealth Management LLC increased its position in shares of Tractor Supply by 23.2% in the third quarter. HB Wealth Management LLC now owns 1,903 shares of the specialty retailer’s stock valued at $386,000 after buying an additional 358 shares in the last quarter. GHP Investment Advisors Inc. increased its position in shares of Tractor Supply by 3.4% in the third quarter. GHP Investment Advisors Inc. now owns 21,241 shares of the specialty retailer’s stock valued at $4,264,000 after buying an additional 702 shares in the last quarter. Finally, KFG Wealth Management LLC increased its position in shares of Tractor Supply by 11.0% in the third quarter. KFG Wealth Management LLC now owns 3,144 shares of the specialty retailer’s stock valued at $638,000 after buying an additional 311 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

NASDAQ:TSCO traded up $2.17 during midday trading on Wednesday, reaching $258.13. 1,321,543 shares of the company traded hands, compared to its average volume of 1,152,812. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $268.02. The firm has a market capitalization of $27.86 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 3.81 and a beta of 0.84. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.28. The company has a fifty day moving average price of $251.14 and a 200 day moving average price of $225.83.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (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 business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the firm posted $2.43 EPS. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, analysts expect that Tractor Supply will post 10.2 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.70%. 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 payout ratio is currently 43.61%.

Insider Transactions at Tractor Supply

In other news, EVP Robert D. Mills sold 48,334 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the sale, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at $5,147,842.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Robert D. Mills sold 48,334 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the transaction, the executive vice president now directly 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 Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the transaction, the chief financial officer now owns 20,678 shares in the company, valued at approximately $5,314,246. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,090 shares of company stock valued at $21,201,877. Corporate insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

TSCO has been the subject of a number of research analyst reports. Morgan Stanley restated an “underweight” rating and issued a $195.00 price target on shares of Tractor Supply in a research report on Tuesday, January 16th. UBS Group raised their price target on Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Wedbush reaffirmed a “neutral” rating and issued a $235.00 price objective on shares of Tractor Supply in a research note on Tuesday. Barclays lifted their price objective on Tractor Supply from $192.00 to $234.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Mizuho started coverage on Tractor Supply in a report on Tuesday, March 19th. They set a “neutral” rating and a $245.00 target price on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tractor Supply currently has a consensus rating of “Hold” and an average target price of $241.65.

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.