6,189 Shares in Tractor Supply (NASDAQ:TSCO) Purchased by Trust Point Inc.

Trust Point Inc. acquired a new position in Tractor Supply (NASDAQ:TSCO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,189 shares of the specialty retailer’s stock, valued at approximately $1,331,000.

A number of other institutional investors have also added to or reduced their stakes in TSCO. OFI Invest Asset Management bought a new position in shares of Tractor Supply during the 3rd quarter valued at approximately $25,000. Compass Wealth Management LLC purchased a new stake in Tractor Supply in the 4th quarter worth approximately $25,000. Pacific Center for Financial Services bought a new position in shares of Tractor Supply during the 1st quarter valued at $26,000. ST Germain D J Co. Inc. bought a new stake in Tractor Supply in the 2nd quarter worth $29,000. Finally, VisionPoint Advisory Group LLC grew its holdings in Tractor Supply by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 76 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TSCO has been the topic of a number of research reports. Stephens lowered shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $226.00 to $240.00 in a research note on Tuesday, January 23rd. Telsey Advisory Group upped their price target on shares of Tractor Supply from $245.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. The Goldman Sachs Group raised their target price on shares of Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Truist Financial raised their target price on shares of Tractor Supply from $256.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Wedbush raised their price target on shares of Tractor Supply from $200.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $239.83.

Tractor Supply Price Performance

Shares of Tractor Supply stock traded down $2.55 during trading on Wednesday, hitting $254.34. The stock had a trading volume of 234,173 shares, compared to its average volume of 1,167,192. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $268.02. The firm has a market cap of $27.45 billion, a P/E ratio of 25.34, a PEG ratio of 3.88 and a beta of 0.84. 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 business has a fifty day moving average of $244.88 and a two-hundred day moving average of $220.86.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, beating the consensus estimate 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%. Tractor Supply’s revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.43 earnings per share. On average, sell-side analysts expect that Tractor Supply will post 10.19 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a $1.10 dividend. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s dividend payout ratio is presently 43.61%.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the transaction, the chief financial officer now owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Harry A. Lawton III sold 20,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the transaction, the chief executive officer now directly owns 95,192 shares of the company’s stock, valued at approximately $22,173,072.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kurt D. Barton sold 401 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 25,013 shares in the company, valued at approximately $5,804,516.78. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock valued at $21,201,877 in the last three months. Insiders own 0.24% of the company’s stock.

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.