Tractor Supply (NASDAQ:TSCO) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC lifted its holdings in Tractor Supply (NASDAQ:TSCO) by 416.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,478 shares of the specialty retailer’s stock after acquiring an additional 1,192 shares during the period. Larson Financial Group LLC’s holdings in Tractor Supply were worth $78,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. HM Payson & Co. increased its position in shares of Tractor Supply by 398.8% in the fourth quarter. HM Payson & Co. now owns 4,090 shares of the specialty retailer’s stock worth $217,000 after acquiring an additional 3,270 shares in the last quarter. AMF Tjanstepension AB increased its position in shares of Tractor Supply by 388.6% in the fourth quarter. AMF Tjanstepension AB now owns 218,865 shares of the specialty retailer’s stock worth $11,620,000 after acquiring an additional 174,071 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Tractor Supply by 401.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 217,237 shares of the specialty retailer’s stock worth $11,527,000 after acquiring an additional 173,894 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Tractor Supply by 464.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 306,330 shares of the specialty retailer’s stock worth $16,265,000 after acquiring an additional 252,016 shares in the last quarter. Finally, Berkshire Asset Management LLC PA increased its position in shares of Tractor Supply by 424.7% in the fourth quarter. Berkshire Asset Management LLC PA now owns 5,725 shares of the specialty retailer’s stock worth $332,000 after acquiring an additional 4,634 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Trading Down 2.9 %

Tractor Supply stock opened at $52.36 on Thursday. The firm’s 50-day moving average is $55.21 and its 200-day moving average is $55.77. 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 company has a market cap of $27.96 billion, a P/E ratio of 25.67, a PEG ratio of 2.95 and a beta of 0.85.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share (EPS) 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%. On average, equities analysts expect that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply announced that its board has authorized a share buyback program on Thursday, February 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 3.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from Tractor Supply’s previous quarterly dividend of $0.22. Tractor Supply’s dividend payout ratio (DPR) is 45.10%.

Insider Buying and Selling

In related news, EVP Colin Yankee sold 24,602 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $54.15, for a total value of $1,332,198.30. Following the sale, the executive vice president now owns 33,645 shares of the company’s stock, valued at $1,821,876.75. This trade represents a 42.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Harry A. Lawton III sold 88,095 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $54.59, for a total transaction of $4,809,106.05. Following the completion of the sale, the chief executive officer now directly owns 488,852 shares in the company, valued at approximately $26,686,430.68. This trade represents a 15.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,993 shares of company stock valued at $7,538,068 in the last quarter. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

TSCO has been the subject of several recent research reports. Evercore ISI raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Wells Fargo & Company decreased 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 restated an “outperform” rating and issued a $67.00 target price on shares of Tractor Supply in a research note on Thursday, January 30th. Bank of America upped 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. Finally, Guggenheim restated a “buy” rating and issued a $60.00 target price on shares of Tractor Supply in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus price target of $59.22.

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.