Jackson Creek Investment Advisors LLC Cuts Stock Position in Tractor Supply (NASDAQ:TSCO)

Jackson Creek Investment Advisors LLC lessened its position in Tractor Supply (NASDAQ:TSCO) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,127 shares of the specialty retailer’s stock after selling 74 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Tractor Supply were worth $457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Citizens National Bank Trust Department raised its holdings in shares of Tractor Supply by 0.5% in the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock valued at $2,086,000 after buying an additional 45 shares during the period. Allen Capital Group LLC grew its stake in Tractor Supply by 0.6% during the 3rd quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer’s stock worth $1,805,000 after purchasing an additional 53 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in Tractor Supply by 5.0% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock worth $240,000 after purchasing an additional 53 shares in the last quarter. Scotia Capital Inc. grew its stake in Tractor Supply by 2.5% during the 3rd quarter. Scotia Capital Inc. now owns 2,177 shares of the specialty retailer’s stock worth $442,000 after purchasing an additional 54 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC grew its stake in Tractor Supply by 0.8% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 6,762 shares of the specialty retailer’s stock worth $1,373,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TSCO shares. Evercore ISI boosted their target price on Tractor Supply from $275.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. UBS Group boosted their target price on Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Benchmark reaffirmed a “buy” rating and set a $256.00 price objective on shares of Tractor Supply in a research report on Monday, April 22nd. Barclays upped 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, April 26th. Finally, Truist Financial upped their price objective on Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $251.25.

Tractor Supply Stock Down 1.7 %

TSCO opened at $273.08 on Wednesday. The business has a 50 day moving average price of $253.27 and a two-hundred day moving average price of $227.47. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The company has a market cap of $29.47 billion, a PE ratio of 26.59, a P/E/G ratio of 3.51 and a beta of 0.84. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $279.38.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating the consensus estimate of $1.70 by $0.13. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.65 EPS. As a group, research analysts anticipate that Tractor Supply will post 10.3 EPS for the current year.

Tractor Supply Increases Dividend

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

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was 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 directly owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was 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 directly owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the transaction, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at $5,147,842.41. The disclosure for this sale can be found here. In the last three months, insiders sold 90,090 shares of company stock valued at $21,201,877. Corporate 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.