Semanteon Capital Management LP Invests $268,000 in Tractor Supply (NASDAQ:TSCO)

Semanteon Capital Management LP purchased a new position in Tractor Supply (NASDAQ:TSCO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,248 shares of the specialty retailer’s stock, valued at approximately $268,000.

Other large investors have also recently made changes to their positions in the company. Citizens National Bank Trust Department increased its position in Tractor Supply by 0.5% during the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock valued at $2,086,000 after buying an additional 45 shares in the last quarter. Allen Capital Group LLC increased its position in Tractor Supply by 0.6% during the 3rd quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer’s stock valued at $1,805,000 after buying an additional 53 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in Tractor Supply by 5.0% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock valued at $240,000 after purchasing an additional 53 shares during the last quarter. Scotia Capital Inc. grew its stake in Tractor Supply by 2.5% during the 3rd quarter. Scotia Capital Inc. now owns 2,177 shares of the specialty retailer’s stock valued at $442,000 after purchasing an additional 54 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC grew its stake in Tractor Supply by 0.8% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 6,762 shares of the specialty retailer’s stock valued at $1,373,000 after purchasing an additional 55 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the completion of the transaction, the chief financial officer now owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction that occurred on 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 owns 20,678 shares of the company’s stock, valued at $5,314,246. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kurt D. Barton sold 401 shares of the 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 transaction, the chief financial officer now directly owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The disclosure for this sale can be found here. Insiders sold 90,090 shares of company stock valued at $21,201,877 over the last quarter. 0.24% of the stock is currently owned by insiders.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $273.90 on Friday. The stock has a market capitalization of $29.56 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 3.97 and a beta of 0.84. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $274.66. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average of $252.44 and a 200 day moving average of $226.59.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. Tractor Supply’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. Sell-side analysts anticipate that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were issued a $1.10 dividend. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. Tractor Supply’s dividend payout ratio is presently 42.84%.

Analyst Ratings Changes

TSCO has been the topic of several research analyst reports. TD Cowen boosted their price target on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday. UBS Group boosted their price target on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. The Goldman Sachs Group boosted their price target on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Evercore ISI boosted their price target on Tractor Supply from $275.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Robert W. Baird boosted their price target on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply currently has an average rating of “Hold” and a consensus target price of $248.17.

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.