X Square Capital LLC Has $744,000 Stock Position in Tractor Supply (NASDAQ:TSCO)

X Square Capital LLC boosted its stake in Tractor Supply (NASDAQ:TSCO) by 401.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,017 shares of the specialty retailer’s stock after buying an additional 11,222 shares during the period. X Square Capital LLC’s holdings in Tractor Supply were worth $744,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in shares of 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 during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Tractor Supply by 17.3% during the 3rd 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 increased its holdings in Tractor Supply by 7.6% in the 3rd quarter. FMR LLC now owns 163,454 shares of the specialty retailer’s stock worth $47,554,000 after purchasing an additional 11,584 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Tractor Supply by 1,054.7% during the third quarter. Quantbot Technologies LP now owns 8,291 shares of the specialty retailer’s stock valued at $2,412,000 after purchasing an additional 7,573 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Tractor Supply in the 3rd quarter valued at approximately $144,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity

In other Tractor Supply news, SVP Matthew L. Rubin sold 3,850 shares of the 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 transaction, the senior vice president now owns 31,787 shares of the company’s stock, valued at $1,833,792.03. This trade represents a 10.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Harry A. Lawton III sold 88,095 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $54.59, for a total value of $4,809,106.05. Following the completion of the sale, the chief executive officer now owns 488,852 shares in the company, valued at $26,686,430.68. This represents a 15.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,993 shares of company stock worth $7,538,068 over the last three months. Insiders own 0.58% of the company’s stock.

Tractor Supply Trading Up 0.5 %

Tractor Supply stock opened at $54.16 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82. The firm has a market cap of $28.92 billion, a PE ratio of 26.55, a P/E/G ratio of 2.95 and a beta of 0.85. The stock’s 50 day simple moving average is $55.03 and its two-hundred day simple moving average is $55.65. Tractor Supply has a 12 month low of $48.30 and a 12 month high of $61.53.

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

Tractor Supply declared that its Board of Directors has approved a share buyback program on Thursday, February 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to purchase up to 3.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.92 per share. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, February 26th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 6.79%. Tractor Supply’s dividend payout ratio is presently 45.10%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Loop Capital lifted their price target on shares of Tractor Supply from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Thursday, December 12th. Guggenheim reiterated a “buy” rating and issued a $60.00 target price on shares of Tractor Supply in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Tractor Supply from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Telsey Advisory Group reissued an “outperform” rating and set a $67.00 target price on shares of Tractor Supply in a research report on Thursday, January 30th. Finally, Bank of America lifted their price target on Tractor Supply from $44.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.