1,000 Shares in Tractor Supply (NASDAQ:TSCO) Bought by CoreFirst Bank & Trust

CoreFirst Bank & Trust purchased a new stake in Tractor Supply (NASDAQ:TSCO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,000 shares of the specialty retailer’s stock, valued at approximately $53,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSCO. Larson Financial Group LLC raised its holdings in Tractor Supply by 29.4% during the third quarter. Larson Financial Group LLC now owns 286 shares of the specialty retailer’s stock worth $83,000 after acquiring an additional 65 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Tractor Supply by 8.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 17,726 shares of the specialty retailer’s stock worth $5,157,000 after purchasing an additional 1,316 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Tractor Supply by 0.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 46,930 shares of the specialty retailer’s stock worth $13,653,000 after purchasing an additional 177 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Tractor Supply by 17.3% in the 3rd quarter. D.A. Davidson & CO. now owns 9,685 shares of the specialty retailer’s stock valued at $2,818,000 after buying an additional 1,430 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Tractor Supply by 7.6% in the third quarter. FMR LLC now owns 163,454 shares of the specialty retailer’s stock valued at $47,554,000 after buying an additional 11,584 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $52.83 on Wednesday. The company has a quick ratio of 0.20, a current ratio of 1.43 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $28.21 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 2.95 and a beta of 0.85. Tractor Supply has a twelve month low of $48.30 and a twelve month high of $61.53. The company has a 50-day simple moving average of $55.00 and a two-hundred day simple moving average of $55.67.

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

Tractor Supply announced that its board has authorized a stock repurchase program on Thursday, February 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to repurchase up to 3.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 6.97%. This is an increase from Tractor Supply’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, February 26th. Tractor Supply’s dividend payout ratio is presently 45.10%.

Insider Transactions at Tractor Supply

In related news, SVP Matthew L. Rubin sold 3,850 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $57.69, for a total transaction of $222,106.50. Following the completion of the sale, the senior vice president now owns 31,787 shares of the company’s stock, valued at $1,833,792.03. This represents a 10.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Colin Yankee sold 24,602 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $54.15, for a total transaction of $1,332,198.30. Following the sale, the executive vice president now owns 33,645 shares in the company, valued at $1,821,876.75. The trade was a 42.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,993 shares of company stock valued at $7,538,068. 0.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on TSCO shares. Loop Capital upped their price target on shares of Tractor Supply from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Thursday, December 12th. Bank of America upped their target price on shares of Tractor Supply from $44.00 to $53.00 and gave the company an “underperform” rating in a report on Thursday, January 16th. Mizuho lifted their price target on Tractor Supply from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on Tractor Supply from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Truist Financial cut their price objective on Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.22.

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.