Trillium Asset Management LLC Has $470,000 Holdings in Tractor Supply (NASDAQ:TSCO)

Trillium Asset Management LLC decreased its position in Tractor Supply (NASDAQ:TSCO) by 74.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,871 shares of the specialty retailer’s stock after selling 25,707 shares during the period. Trillium Asset Management LLC’s holdings in Tractor Supply were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in TSCO. Xponance Inc. increased its position in Tractor Supply by 403.9% during the 4th quarter. Xponance Inc. now owns 125,891 shares of the specialty retailer’s stock worth $6,680,000 after buying an additional 100,907 shares during the period. Generali Asset Management SPA SGR bought a new position in Tractor Supply during the fourth quarter worth about $2,160,000. Horizon Investments LLC increased its position in Tractor Supply by 423.2% during the fourth quarter. Horizon Investments LLC now owns 9,418 shares of the specialty retailer’s stock worth $500,000 after acquiring an additional 7,618 shares during the period. Advisors Asset Management Inc. boosted its holdings in Tractor Supply by 381.6% in the 4th quarter. Advisors Asset Management Inc. now owns 195,225 shares of the specialty retailer’s stock valued at $10,359,000 after purchasing an additional 154,688 shares during the period. Finally, Long Road Investment Counsel LLC grew its position in shares of Tractor Supply by 400.0% during the 4th quarter. Long Road Investment Counsel LLC now owns 12,000 shares of the specialty retailer’s stock worth $637,000 after purchasing an additional 9,600 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TSCO shares. Wells Fargo & Company dropped their price target on shares of Tractor Supply from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Telsey Advisory Group reissued an “outperform” rating and set a $67.00 target price on shares of Tractor Supply in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price target on Tractor Supply from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Mizuho increased their price objective on shares of Tractor Supply from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, Guggenheim restated a “buy” rating and issued a $60.00 target price on shares of Tractor Supply in a research report on Friday, January 31st. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.22.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, EVP Melissa Kersey sold 9,300 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $53.17, for a total transaction of $494,481.00. Following the completion of the sale, the executive vice president now directly owns 34,961 shares in the company, valued at approximately $1,858,876.37. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Matthew L. Rubin sold 3,850 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $57.69, for a total value of $222,106.50. Following the completion of the transaction, the senior vice president now directly owns 31,787 shares in the company, valued at $1,833,792.03. This represents a 10.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,993 shares of company stock valued at $7,538,068. 0.24% of the stock is currently owned by company insiders.

Tractor Supply Price Performance

TSCO stock opened at $52.80 on Thursday. The company has a market capitalization of $28.20 billion, a P/E ratio of 25.88, a PEG ratio of 2.95 and a beta of 0.85. The company has a fifty day moving average price of $55.12 and a 200-day moving average price of $55.70. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.20 and a current ratio of 1.43. Tractor Supply has a 52-week low of $48.30 and a 52-week high of $61.53.

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

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were issued a $0.92 dividend. The ex-dividend date was Wednesday, February 26th. This is a boost from Tractor Supply’s previous quarterly dividend of $0.22. This represents a $3.68 annualized dividend and a yield of 6.97%. Tractor Supply’s dividend payout ratio is presently 45.10%.

Tractor Supply declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 13th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.