Greenleaf Trust Grows Position in Tractor Supply (NASDAQ:TSCO)

Greenleaf Trust raised its position in shares of Tractor Supply (NASDAQ:TSCO) by 11.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,640 shares of the specialty retailer’s stock after purchasing an additional 278 shares during the quarter. Greenleaf Trust’s holdings in Tractor Supply were worth $568,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TSCO. Wellington Management Group LLP boosted its holdings in shares of Tractor Supply by 9,370.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock worth $573,038,000 after purchasing an additional 2,792,352 shares during the period. Invesco Ltd. boosted its holdings in shares of Tractor Supply by 76.7% in the 3rd quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer’s stock worth $411,010,000 after purchasing an additional 878,874 shares during the period. Alecta Tjanstepension Omsesidigt boosted its holdings in shares of Tractor Supply by 87.5% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 750,000 shares of the specialty retailer’s stock worth $161,272,000 after purchasing an additional 350,000 shares during the period. International Assets Investment Management LLC boosted its holdings in Tractor Supply by 32,987.5% during the 4th quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock valued at $58,128,000 after acquiring an additional 269,508 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Tractor Supply by 22.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,148,340 shares of the specialty retailer’s stock valued at $233,170,000 after acquiring an additional 210,131 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Up 0.2 %

TSCO opened at $253.38 on Tuesday. The firm has a market cap of $27.35 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 3.80 and a beta of 0.84. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $268.02. The stock has a fifty day moving average price of $250.24 and a 200-day moving average price of $225.24.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, topping the consensus estimate of $2.22 by $0.06. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.43 EPS. As a group, equities research analysts anticipate that Tractor Supply will post 10.2 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.74%. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s payout ratio is 43.61%.

Analyst Ratings Changes

TSCO has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Mizuho initiated coverage on Tractor Supply in a report on Tuesday, March 19th. They set a “neutral” rating and a $245.00 price objective for the company. Wells Fargo & Company boosted their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Monday, March 25th. Guggenheim boosted their price objective on Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Wedbush boosted their price objective on Tractor Supply from $200.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $241.65.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 401 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at approximately $5,804,516.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Kurt D. Barton sold 401 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at approximately $5,804,516.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Harry A. Lawton III sold 20,500 shares of the business’s stock in a transaction 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 owns 95,192 shares in the company, valued at $22,173,072.56. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock worth $21,201,877 in the last ninety days. 0.58% of the stock is owned by insiders.

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.