Catalyst Capital Advisors LLC Takes $1.03 Million Position in Tractor Supply (TSCO)

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Catalyst Capital Advisors LLC purchased a new position in Tractor Supply (NASDAQ:TSCO) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 10,500 shares of the specialty retailer’s stock, valued at approximately $1,026,000.

Other institutional investors have also made changes to their positions in the company. Bruderman Asset Management LLC bought a new position in shares of Tractor Supply during the fourth quarter worth about $25,000. Rational Advisors LLC boosted its position in Tractor Supply by 570.9% during the fourth quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 314 shares during the last quarter. Liberty Wealth Management LLC acquired a new position in Tractor Supply during the fourth quarter valued at approximately $31,000. Laurel Wealth Advisors LLC acquired a new position in Tractor Supply during the fourth quarter valued at approximately $33,000. Finally, Psagot Investment House Ltd. acquired a new position in Tractor Supply during the fourth quarter valued at approximately $35,000. Institutional investors own 84.78% of the company’s stock.

Several research analysts recently commented on the company. Barclays increased their price target on Tractor Supply from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th. Wells Fargo & Co reissued a “buy” rating and set a $102.00 price target on shares of Tractor Supply in a research report on Monday, February 11th. Telsey Advisory Group reissued a “market perform” rating and set a $98.00 price target (up from $92.00) on shares of Tractor Supply in a research report on Monday, April 22nd. BidaskClub cut Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Finally, Wedbush increased their price target on Tractor Supply from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. Tractor Supply currently has a consensus rating of “Hold” and an average price target of $98.42.

TSCO opened at $102.03 on Friday. Tractor Supply has a 12-month low of $72.72 and a 12-month high of $107.98. The company has a market capitalization of $12.31 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 1.91 and a beta of 1.11. The company has a quick ratio of 0.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.43.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. Tractor Supply had a return on equity of 36.16% and a net margin of 6.68%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the firm posted $0.57 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts anticipate that Tractor Supply will post 4.76 earnings per share for the current fiscal year.

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 given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from Tractor Supply’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 28.77%.

In other news, CEO Gregory A. Sandfort sold 74,667 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $105.00, for a total transaction of $7,840,035.00. Following the transaction, the chief executive officer now owns 166,325 shares in the company, valued at $17,464,125. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Steve K. Barbarick sold 58,597 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $99.70, for a total value of $5,842,120.90. Following the transaction, the chief operating officer now owns 94,301 shares in the company, valued at approximately $9,401,809.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 328,051 shares of company stock valued at $33,304,084. Insiders own 1.50% of the company’s stock.

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Tractor Supply Profile

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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