Headlands Technologies LLC Buys Shares of 1,117 Tractor Supply (NASDAQ:TSCO)

Headlands Technologies LLC purchased a new position in shares of Tractor Supply (NASDAQ:TSCO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,117 shares of the specialty retailer’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Citizens National Bank Trust Department lifted its stake 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 worth $2,086,000 after acquiring an additional 45 shares in the last quarter. Allen Capital Group LLC lifted its position in shares of Tractor Supply by 0.6% during the third quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer’s stock worth $1,805,000 after purchasing an additional 53 shares in the last quarter. Fidelis Capital Partners LLC lifted its position in shares of Tractor Supply by 5.0% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock worth $240,000 after purchasing an additional 53 shares in the last quarter. Scotia Capital Inc. boosted its stake in shares of Tractor Supply by 2.5% in the third 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 period. Finally, Taylor Frigon Capital Management LLC grew its holdings in shares of Tractor Supply by 0.8% in the third 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 in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wedbush reiterated a “neutral” rating and set a $235.00 target price on shares of Tractor Supply in a report on Tuesday, April 23rd. Mizuho reiterated a “neutral” rating and issued a $250.00 price objective (up from $245.00) on shares of Tractor Supply in a research note on Friday. Wells Fargo & Company lifted their target price on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Monday, March 25th. UBS Group upped their price target on Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Finally, Robert W. Baird lifted their price objective 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 assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $248.17.

Insider Transactions at Tractor Supply

In related news, CEO Harry A. Lawton III sold 20,500 shares of the business’s stock in a transaction dated 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 owns 95,192 shares in the company, valued at approximately $22,173,072.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the business’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 transaction, the chief financial officer now directly owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Harry A. Lawton III sold 20,500 shares of the firm’s 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 of the company’s stock, valued at approximately $22,173,072.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,090 shares of company stock worth $21,201,877. Company insiders own 0.24% of the company’s stock.

Tractor Supply Trading Up 3.3 %

TSCO opened at $273.90 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $274.66. The business’s 50 day moving average is $252.44 and its two-hundred day moving average is $226.74. The firm has a market cap of $29.56 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 4.10 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the firm posted $1.65 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts predict that Tractor Supply will post 10.26 EPS for the current year.

Tractor Supply Increases Dividend

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

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.