Valeo Financial Advisors LLC Takes $269,000 Position in Tractor Supply (NASDAQ:TSCO)

Valeo Financial Advisors LLC acquired a new position in shares of Tractor Supply (NASDAQ:TSCO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,252 shares of the specialty retailer’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. OFI Invest Asset Management bought a new position in shares of Tractor Supply during the 3rd quarter valued at about $25,000. Compass Wealth Management LLC acquired a new position in shares of Tractor Supply in the fourth quarter valued at approximately $25,000. Pacific Center for Financial Services acquired a new position in Tractor Supply in the 1st quarter worth $26,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Tractor Supply in the 4th quarter valued at about $28,000. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Tractor Supply in the 2nd quarter valued at about $29,000. 98.72% of the stock is currently owned by institutional investors.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the sale, the chief financial officer now owns 20,678 shares in the company, valued at $5,314,246. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Colin Yankee sold 8,675 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the sale, the executive vice president now directly owns 9,673 shares in the company, valued at $2,418,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at $5,314,246. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,090 shares of company stock valued at $21,201,877. 0.58% of the stock is currently owned by insiders.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $241.97 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 1.50 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 company’s 50 day moving average price is $248.73 and its two-hundred day moving average price is $223.66. The firm has a market cap of $26.12 billion, a PE ratio of 23.98, a PEG ratio of 3.68 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.06. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the firm earned $2.43 earnings per share. Tractor Supply’s revenue for the quarter was down 8.6% compared to the same quarter last year. Equities research analysts predict that Tractor Supply will post 10.19 earnings per share for the current year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s payout ratio is currently 43.61%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stephens downgraded Tractor Supply from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $226.00 to $240.00 in a report on Tuesday, January 23rd. The Goldman Sachs Group increased their price target on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Evercore ISI boosted their price target on Tractor Supply from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. UBS Group increased their price objective on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $239.83.

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.