Threadgill Financial LLC Has $5.46 Million Stake in Tractor Supply (NASDAQ:TSCO)

Threadgill Financial LLC raised its position in Tractor Supply (NASDAQ:TSCO) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,405 shares of the specialty retailer’s stock after buying an additional 161 shares during the quarter. Tractor Supply comprises about 3.6% of Threadgill Financial LLC’s portfolio, making the stock its 12th largest position. Threadgill Financial LLC’s holdings in Tractor Supply were worth $5,463,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSCO. Pacific Center for Financial Services bought a new stake in shares of Tractor Supply in the 1st quarter worth $26,000. Compass Wealth Management LLC purchased a new stake in Tractor Supply in the fourth quarter valued at approximately $25,000. OFI Invest Asset Management purchased a new stake in Tractor Supply in the third quarter valued at approximately $25,000. ST Germain D J Co. Inc. purchased a new stake in Tractor Supply in the second quarter valued at approximately $29,000. Finally, VisionPoint Advisory Group LLC grew its position in Tractor Supply by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 76 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Tractor Supply Stock Up 0.9 %

Tractor Supply stock opened at $260.44 on Thursday. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average of $242.55 and a two-hundred day moving average of $219.60. The stock has a market capitalization of $28.11 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 3.88 and a beta of 0.84. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $268.02.

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

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a dividend of $1.10 per share. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 annualized dividend and a yield of 1.69%. Tractor Supply’s dividend payout ratio (DPR) is presently 43.61%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TSCO shares. Raymond James lowered Tractor Supply from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $230.00 to $250.00 in a research report on Friday, February 2nd. Stephens cut Tractor Supply from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $226.00 to $240.00 in a report on Tuesday, January 23rd. The Goldman Sachs Group upped their price objective on Tractor Supply from $230.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Telsey Advisory Group boosted their target price on Tractor Supply from $245.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Wedbush boosted their target price on Tractor Supply from $200.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Tractor Supply has a consensus rating of “Hold” and an average target price of $238.91.

Insider Activity

In related news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the transaction, the chief financial officer now owns 25,013 shares in the company, valued at $5,804,516.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the transaction, the chief financial officer now owns 25,013 shares in the company, valued at $5,804,516.78. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of the business’s 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 owns 20,678 shares in the company, valued at approximately $5,314,246. 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. Company insiders own 0.24% of the company’s stock.

About Tractor Supply

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.