Tractor Supply (NASDAQ:TSCO) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its position in shares of Tractor Supply (NASDAQ:TSCO) by 403.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 125,891 shares of the specialty retailer’s stock after buying an additional 100,907 shares during the quarter. Xponance Inc.’s holdings in Tractor Supply were worth $6,680,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. raised its stake in shares of Tractor Supply by 330.2% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 21,355 shares of the specialty retailer’s stock worth $1,133,000 after buying an additional 16,391 shares during the last quarter. Blueshift Asset Management LLC raised its stake in shares of Tractor Supply by 32.7% during the 3rd quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer’s stock worth $2,893,000 after buying an additional 2,452 shares during the last quarter. Callan Family Office LLC acquired a new position in shares of Tractor Supply during the 4th quarter worth $503,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Tractor Supply by 379.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 890,898 shares of the specialty retailer’s stock worth $47,271,000 after buying an additional 704,896 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in shares of Tractor Supply by 368.7% during the 4th quarter. Citizens Financial Group Inc. RI now owns 7,485 shares of the specialty retailer’s stock worth $397,000 after buying an additional 5,888 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insiders Place Their Bets

In other Tractor Supply news, SVP Matthew L. Rubin sold 3,850 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $57.69, for a total value of $222,106.50. Following the completion of the transaction, the senior vice president now owns 31,787 shares in the company, valued at $1,833,792.03. This represents a 10.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Melissa Kersey sold 9,300 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $53.17, for a total value of $494,481.00. Following the completion of the transaction, the executive vice president now owns 34,961 shares of the company’s stock, valued at approximately $1,858,876.37. This represents a 21.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,993 shares of company stock worth $7,538,068 in the last 90 days. 0.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on TSCO shares. Wells Fargo & Company cut their target price on shares of Tractor Supply from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $67.00 target price on shares of Tractor Supply in a research note on Thursday, January 30th. Guggenheim reissued a “buy” rating and issued a $60.00 target price on shares of Tractor Supply in a research note on Friday, January 31st. Loop Capital boosted their target price on shares of Tractor Supply from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Thursday, December 12th. Finally, Bank of America boosted their target price on shares of Tractor Supply from $44.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tractor Supply currently has an average rating of “Moderate Buy” and an average target price of $59.22.

Tractor Supply Stock Up 0.3 %

Shares of NASDAQ:TSCO opened at $52.80 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.20 and a current ratio of 1.43. Tractor Supply has a 1 year low of $48.30 and a 1 year high of $61.53. The stock has a market capitalization of $28.20 billion, a P/E ratio of 25.88, a PEG ratio of 2.95 and a beta of 0.85. The stock has a 50-day simple moving average of $55.12 and a 200-day simple moving average of $55.70.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.28 by ($1.84). Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. Equities analysts forecast that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply declared that its Board of Directors has initiated a share buyback plan on Thursday, February 13th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date was Wednesday, February 26th. This is a boost from Tractor Supply’s previous quarterly dividend of $0.22. Tractor Supply’s dividend payout ratio is currently 45.10%.

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.