Tractor Supply (NASDAQ:TSCO) Shares Acquired by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC lifted its holdings in Tractor Supply (NASDAQ:TSCO) by 403.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,640 shares of the specialty retailer’s stock after purchasing an additional 3,718 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Tractor Supply were worth $246,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its position in Tractor Supply by 29.4% in the 3rd quarter. Larson Financial Group LLC now owns 286 shares of the specialty retailer’s stock valued at $83,000 after purchasing an additional 65 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Tractor Supply by 17.3% in the third quarter. D.A. Davidson & CO. now owns 9,685 shares of the specialty retailer’s stock valued at $2,818,000 after acquiring an additional 1,430 shares in the last quarter. FMR LLC lifted its stake in Tractor Supply by 7.6% in the third quarter. FMR LLC now owns 163,454 shares of the specialty retailer’s stock worth $47,554,000 after acquiring an additional 11,584 shares during the last quarter. Quantbot Technologies LP grew its holdings in Tractor Supply by 1,054.7% during the 3rd quarter. Quantbot Technologies LP now owns 8,291 shares of the specialty retailer’s stock worth $2,412,000 after acquiring an additional 7,573 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Tractor Supply in the 3rd quarter valued at approximately $144,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSCO has been the subject of several recent analyst reports. Guggenheim reaffirmed a “buy” rating and set a $60.00 price objective on shares of Tractor Supply in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on Tractor Supply from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Mizuho raised their target price on Tractor Supply from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Bank of America upped their price target on Tractor Supply from $44.00 to $53.00 and gave the company an “underperform” rating in a report on Thursday, January 16th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $67.00 price objective on shares of Tractor Supply in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.22.

Tractor Supply Stock Up 0.5 %

Shares of Tractor Supply stock opened at $54.16 on Friday. Tractor Supply has a one year low of $48.30 and a one year high of $61.53. The company has a market cap of $28.92 billion, a P/E ratio of 26.55, a PEG ratio of 2.95 and a beta of 0.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.20 and a current ratio of 1.43. The firm has a fifty day moving average of $55.03 and a two-hundred day moving average of $55.65.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($1.84). Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. On average, analysts forecast that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were issued a $0.92 dividend. This is a boost from Tractor Supply’s previous quarterly dividend of $0.22. This represents a $3.68 annualized dividend and a dividend yield of 6.79%. The ex-dividend date of this dividend was Wednesday, February 26th. Tractor Supply’s dividend payout ratio (DPR) is currently 45.10%.

Tractor Supply announced that its Board of Directors has approved a stock buyback program on Thursday, February 13th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to buy up to 3.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Tractor Supply

In other Tractor Supply news, EVP Melissa Kersey sold 9,300 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $53.17, for a total transaction of $494,481.00. Following the sale, the executive vice president now directly owns 34,961 shares in the company, valued at approximately $1,858,876.37. The trade was a 21.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Harry A. Lawton III sold 88,095 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $54.59, for a total transaction of $4,809,106.05. Following the transaction, the chief executive officer now directly owns 488,852 shares in the company, valued at approximately $26,686,430.68. This trade represents a 15.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,993 shares of company stock worth $7,538,068 over the last three months. 0.58% of the stock is currently owned by corporate 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.