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.
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.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/4351084/catalyst-capital-advisors-llc-takes-1-03-million-position-in-tractor-supply-tsco.html.
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.
Featured Story: How to Invest in a Bull Market
Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply (NASDAQ:TSCO).
Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.