Greenleaf Trust Acquires 278 Shares of Tractor Supply (NASDAQ:TSCO)

Greenleaf Trust lifted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 11.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,640 shares of the specialty retailer’s stock after purchasing an additional 278 shares during the period. Greenleaf Trust’s holdings in Tractor Supply were worth $568,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Naples Money Management LLC bought a new stake in shares of Tractor Supply during the 4th quarter worth $2,725,000. Fidelis Capital Partners LLC raised its stake in Tractor Supply by 5.0% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock valued at $240,000 after acquiring an additional 53 shares during the period. Waterfront Wealth Inc. raised its stake in Tractor Supply by 1.9% in the 4th quarter. Waterfront Wealth Inc. now owns 3,718 shares of the specialty retailer’s stock valued at $800,000 after acquiring an additional 71 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Tractor Supply by 82.6% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 272 shares of the specialty retailer’s stock valued at $58,000 after acquiring an additional 123 shares during the period. Finally, TRUE Private Wealth Advisors raised its stake in Tractor Supply by 51.1% in the 4th quarter. TRUE Private Wealth Advisors now owns 1,594 shares of the specialty retailer’s stock valued at $343,000 after acquiring an additional 539 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Stock Up 0.2 %

Shares of NASDAQ TSCO opened at $253.38 on Tuesday. The firm has a market capitalization 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 business has a 50-day moving average of $250.24 and a 200-day moving average of $225.24. 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.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.06. The business 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%. Tractor Supply’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.43 earnings per share. Sell-side analysts expect that Tractor Supply will post 10.2 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

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

Insiders Place Their Bets

In other Tractor Supply news, CEO Harry A. Lawton III sold 20,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 95,192 shares of the company’s stock, valued at $22,173,072.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Tractor Supply news, EVP Jonathan S. Estep sold 7,120 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $232.26, for a total value of $1,653,691.20. Following the completion of the sale, the executive vice president now owns 13,605 shares in the company, valued at $3,159,897.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Harry A. Lawton III sold 20,500 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the sale, the chief executive officer now owns 95,192 shares of the company’s stock, valued at approximately $22,173,072.56. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock valued at $21,201,877 over the last quarter. 0.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSCO. 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 research note on Monday, March 25th. Morgan Stanley restated an “underweight” rating and issued a $195.00 price objective on shares of Tractor Supply in a research note on Tuesday, January 16th. Raymond James cut Tractor Supply from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the company from $230.00 to $250.00 in a research note on Friday, February 2nd. Telsey Advisory Group boosted their price objective on Tractor Supply from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Wedbush lifted their target price on Tractor Supply from $200.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Tractor Supply has a consensus rating of “Hold” and a consensus target price of $241.65.

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.