Ethos Financial Group LLC Buys Shares of 1,618 Tractor Supply (NASDAQ:TSCO)

Ethos Financial Group LLC purchased a new position in shares of Tractor Supply (NASDAQ:TSCO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,618 shares of the specialty retailer’s stock, valued at approximately $348,000.

Other hedge funds have also made changes to their positions in the company. WCM Investment Management LLC bought a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $782,000. Todd Asset Management LLC bought a new position in shares of Tractor Supply in the fourth quarter worth $21,571,000. LPL Financial LLC increased its holdings in shares of Tractor Supply by 4.6% during the third quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock valued at $23,122,000 after purchasing an additional 5,014 shares during the period. Impax Asset Management Group plc raised its stake in shares of Tractor Supply by 2,120.1% during the fourth quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock valued at $26,194,000 after purchasing an additional 116,330 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Tractor Supply by 32,987.5% in the fourth quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock worth $58,128,000 after purchasing an additional 269,508 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insider Transactions at Tractor Supply

In other news, SVP Matthew L. Rubin sold 725 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $238.09, for a total value of $172,615.25. Following the sale, the senior vice president now directly owns 5,710 shares in the company, valued at approximately $1,359,493.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Matthew L. Rubin sold 725 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $238.09, for a total value of $172,615.25. Following the completion of the sale, the senior vice president now directly owns 5,710 shares in the company, valued at $1,359,493.90. The sale was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the transaction, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at $5,314,246. The disclosure for this sale can be found here. In the last three months, insiders sold 62,470 shares of company stock valued at $14,773,121. Company insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

TSCO has been the topic of a number of recent analyst reports. Mizuho restated a “neutral” rating and set a $250.00 price target (up from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Evercore ISI upped their target price on Tractor Supply from $275.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Robert W. Baird lifted their price target on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Benchmark reaffirmed a “buy” rating and set a $256.00 target price on shares of Tractor Supply in a research note on Monday, April 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Tractor Supply has an average rating of “Hold” and an average price target of $253.54.

Tractor Supply Stock Performance

Shares of TSCO traded up $3.05 during mid-day trading on Thursday, hitting $269.70. The company’s stock had a trading volume of 610,271 shares, compared to its average volume of 1,151,836. Tractor Supply has a one year low of $185.00 and a one year high of $279.38. The stock’s 50-day moving average is $257.31 and its two-hundred day moving average is $230.83. The firm has a market capitalization of $29.11 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 3.41 and a beta of 0.82. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results 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 net margin of 7.66% and a return on equity of 52.99%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the business posted $1.65 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Tractor Supply will post 10.3 EPS for the current year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders 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 dividend yield of 1.63%. Tractor Supply’s dividend payout ratio is 42.84%.

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.