Golden State Equity Partners Purchases 322 Shares of Tractor Supply (NASDAQ:TSCO)

Golden State Equity Partners increased its position in shares of Tractor Supply (NASDAQ:TSCO) by 32.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,322 shares of the specialty retailer’s stock after buying an additional 322 shares during the quarter. Golden State Equity Partners’ holdings in Tractor Supply were worth $284,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. OFI Invest Asset Management bought a new position in Tractor Supply in the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. bought a new position in Tractor Supply in the fourth quarter valued at approximately $28,000. VisionPoint Advisory Group LLC lifted its position in shares of Tractor Supply by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 76 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Tractor Supply in the third quarter valued at approximately $33,000. Finally, Cetera Trust Company N.A acquired a new stake in shares of Tractor Supply in the fourth quarter valued at approximately $38,000. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wedbush reissued a “neutral” rating and set a $235.00 price target on shares of Tractor Supply in a report on Tuesday, April 23rd. Robert W. Baird lifted their price target on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday. Raymond James lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a report on Friday. Barclays lifted their price objective on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday. Finally, TD Cowen lifted their price objective on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $248.17.

Tractor Supply Trading Up 3.3 %

Shares of TSCO stock opened at $273.90 on Friday. The firm has a market capitalization of $29.56 billion, a P/E ratio of 26.67, a P/E/G ratio of 4.10 and a beta of 0.84. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $274.66. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The stock’s fifty day simple moving average is $252.44 and its 200 day simple moving average is $226.74.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. Tractor Supply’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS. As a group, sell-side analysts predict that Tractor Supply will post 10.26 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s payout ratio is currently 42.84%.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the sale, the chief financial officer now owns 25,013 shares in the company, valued at approximately $5,804,516.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the sale, the chief financial officer now owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Matthew L. Rubin sold 725 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $238.09, for a total value of $172,615.25. Following the completion of the sale, the senior vice president now directly owns 5,710 shares of the company’s stock, valued at approximately $1,359,493.90. The disclosure for this sale can be found here. Insiders have sold 90,090 shares of company stock worth $21,201,877 in the last 90 days. Insiders own 0.24% of the company’s stock.

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.