Tractor Supply (NASDAQ:TSCO) Shares Purchased by Bailard Inc.

Bailard Inc. lifted its stake in Tractor Supply (NASDAQ:TSCO) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,668 shares of the specialty retailer’s stock after purchasing an additional 222 shares during the quarter. Bailard Inc.’s holdings in Tractor Supply were worth $574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TSCO. OFI Invest Asset Management acquired a new stake in shares of Tractor Supply in the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. purchased a new position in Tractor Supply in the fourth quarter worth approximately $28,000. VisionPoint Advisory Group LLC grew its position in Tractor Supply by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 76 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Tractor Supply in the third quarter worth approximately $33,000. Finally, Cetera Trust Company N.A purchased a new position in Tractor Supply in the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity

In other news, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the transaction, the chief financial officer now owns 25,013 shares in the company, valued at approximately $5,804,516.78. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Colin Yankee sold 8,675 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the transaction, the executive vice president now owns 9,673 shares in the company, valued at approximately $2,418,250. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the completion of the transaction, the chief financial officer now owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,090 shares of company stock worth $21,201,877. Corporate insiders own 0.24% of the company’s stock.

Tractor Supply Trading Up 3.3 %

Shares of NASDAQ:TSCO opened at $273.90 on Friday. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $274.66. The company’s 50 day moving average is $252.44 and its two-hundred day moving average is $226.74. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.83. The company has a market cap of $29.56 billion, a PE ratio of 26.67, a P/E/G ratio of 4.10 and a beta of 0.84.

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

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a $1.10 dividend. This is a boost 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 dividend yield of 1.61%. Tractor Supply’s dividend payout ratio is presently 42.84%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wedbush reiterated a “neutral” rating and issued a $235.00 price objective on shares of Tractor Supply in a research report on Tuesday, April 23rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $275.00 price objective on shares of Tractor Supply in a research report on Thursday. Barclays increased their price objective on Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday. Mizuho reiterated a “neutral” rating and issued a $250.00 price objective (up from $245.00) on shares of Tractor Supply in a research report on Friday. Finally, Guggenheim raised their price target on Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $248.17.

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.