Capital Advisors Ltd. LLC Buys 80 Shares of Tractor Supply (NASDAQ:TSCO)

Capital Advisors Ltd. LLC grew its holdings in Tractor Supply (NASDAQ:TSCO) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,627 shares of the specialty retailer’s stock after purchasing an additional 80 shares during the period. Capital Advisors Ltd. LLC’s holdings in Tractor Supply were worth $565,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC bought a new stake in shares of Tractor Supply in the fourth quarter worth $183,000. Linden Thomas Advisory Services LLC grew its holdings in shares of Tractor Supply by 1.2% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 13,487 shares of the specialty retailer’s stock worth $2,900,000 after acquiring an additional 163 shares during the period. Community Bank & Trust Waco Texas bought a new stake in shares of Tractor Supply in the fourth quarter worth $333,000. Marks Group Wealth Management Inc grew its holdings in shares of Tractor Supply by 1.2% in the fourth quarter. Marks Group Wealth Management Inc now owns 30,771 shares of the specialty retailer’s stock worth $6,617,000 after acquiring an additional 351 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in shares of Tractor Supply by 14.7% in the fourth quarter. New York State Common Retirement Fund now owns 117,978 shares of the specialty retailer’s stock worth $25,369,000 after acquiring an additional 15,084 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

Shares of TSCO stock traded up $2.17 during trading hours on Wednesday, hitting $258.13. The stock had a trading volume of 1,321,543 shares, compared to its average volume of 1,152,812. Tractor Supply has a one year low of $185.00 and a one year high of $268.02. 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 stock’s 50-day moving average price is $251.14 and its two-hundred day moving average price is $225.83. The stock has a market capitalization of $27.86 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 3.81 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.06. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the previous year, the firm posted $2.43 earnings per share. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. Equities analysts forecast that Tractor Supply will post 10.2 EPS for the current year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a dividend of $1.10 per share. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s payout ratio is presently 43.61%.

Insiders Place Their Bets

In related news, CFO Kurt D. Barton sold 401 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the sale, the chief financial officer now owns 25,013 shares in the company, valued at $5,804,516.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Harry A. Lawton III sold 20,500 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the completion of the sale, the chief executive officer now owns 95,192 shares in the company, valued at approximately $22,173,072.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at $5,804,516.78. The disclosure for this sale can be found here. Insiders have sold 90,090 shares of company stock valued at $21,201,877 over the last ninety days. 0.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TSCO has been the subject of several research analyst reports. Mizuho initiated coverage on Tractor Supply in a report on Tuesday, March 19th. They issued a “neutral” rating and a $245.00 price objective for the company. Wedbush reiterated a “neutral” rating and set a $235.00 target price on shares of Tractor Supply in a research report on Tuesday. The Goldman Sachs Group lifted their target price on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Raymond James downgraded Tractor Supply from a “strong-buy” rating to an “outperform” rating and lifted their target price for the company from $230.00 to $250.00 in a research report on Friday, February 2nd. Finally, Evercore ISI lowered their target price on Tractor Supply from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $241.65.

Tractor Supply 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.