Litman Gregory Wealth Management LLC Acquires 1,280 Shares of Tractor Supply (NASDAQ:TSCO)

Litman Gregory Wealth Management LLC increased its position in shares of Tractor Supply (NASDAQ:TSCO) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,120 shares of the specialty retailer’s stock after purchasing an additional 1,280 shares during the quarter. Tractor Supply makes up approximately 1.1% of Litman Gregory Wealth Management LLC’s holdings, making the stock its 22nd biggest holding. Litman Gregory Wealth Management LLC’s holdings in Tractor Supply were worth $11,637,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TSCO. Greenleaf Trust increased its position in Tractor Supply by 11.8% in the 4th quarter. Greenleaf Trust now owns 2,640 shares of the specialty retailer’s stock valued at $568,000 after acquiring an additional 278 shares in the last quarter. Naples Money Management LLC bought a new position in Tractor Supply in the fourth quarter valued at approximately $2,725,000. Fidelis Capital Partners LLC lifted its stake in Tractor Supply by 5.0% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock valued at $240,000 after buying an additional 53 shares in the last quarter. Waterfront Wealth Inc. raised its holdings in shares of Tractor Supply by 1.9% in the fourth quarter. Waterfront Wealth Inc. now owns 3,718 shares of the specialty retailer’s stock valued at $800,000 after purchasing an additional 71 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Tractor Supply by 82.6% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 272 shares of the specialty retailer’s stock valued at $58,000 after purchasing an additional 123 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Up 2.2 %

TSCO traded up $5.44 during trading on Friday, reaching $252.79. The stock had a trading volume of 1,284,767 shares, compared to its average volume of 1,153,565. The stock’s 50 day moving average is $249.89 and its two-hundred day moving average is $224.62. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $27.28 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 3.72 and a beta of 0.84. Tractor Supply has a one year low of $185.00 and a one year high of $268.02.

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

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a $1.10 dividend. 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 1.74%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s dividend payout ratio is currently 43.61%.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at $5,314,246. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at $5,314,246. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Colin Yankee sold 8,675 shares of the 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 sale, the executive vice president now directly owns 9,673 shares in the company, valued at $2,418,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,090 shares of company stock valued at $21,201,877. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on TSCO. The Goldman Sachs Group upped their price objective on shares of Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Morgan Stanley reissued an “underweight” rating and issued a $195.00 target price on shares of Tractor Supply in a report on Tuesday, January 16th. Wedbush increased their target price on shares of Tractor Supply from $200.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Evercore ISI dropped their target price on shares of Tractor Supply from $280.00 to $275.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Raymond James downgraded Tractor Supply from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $230.00 to $250.00 in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.