Tractor Supply (NASDAQ:TSCO) Shares Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC increased its stake in Tractor Supply (NASDAQ:TSCO) by 40.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,810 shares of the specialty retailer’s stock after acquiring an additional 3,106 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Tractor Supply were worth $574,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Smithfield Trust Co boosted its stake in shares of Tractor Supply by 286.2% in the 4th quarter. Smithfield Trust Co now owns 475 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 352 shares during the period. Blue Trust Inc. lifted its stake in Tractor Supply by 28.2% in the fourth quarter. Blue Trust Inc. now owns 1,646 shares of the specialty retailer’s stock worth $87,000 after acquiring an additional 362 shares during the last quarter. Future Financial Wealth Managment LLC grew its holdings in Tractor Supply by 400.0% during the 4th quarter. Future Financial Wealth Managment LLC now owns 500 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 400 shares in the last quarter. Archer Investment Corp increased its position in shares of Tractor Supply by 400.0% in the 4th quarter. Archer Investment Corp now owns 500 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 400 shares during the last quarter. Finally, PrairieView Partners LLC raised its holdings in shares of Tractor Supply by 400.0% in the 4th quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Trading Down 0.2 %

NASDAQ TSCO opened at $51.31 on Friday. Tractor Supply has a 52-week low of $46.85 and a 52-week high of $61.53. The firm has a 50-day moving average price of $51.96 and a 200 day moving average price of $54.17. The stock has a market capitalization of $27.28 billion, a P/E ratio of 25.15, a P/E/G ratio of 2.95 and a beta of 0.82. The company has a quick ratio of 0.20, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same period in the prior year, the business earned $1.83 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts expect that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply announced that its Board of Directors has approved a share 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 often an indication that the company’s management believes its shares are undervalued.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.92 per share. 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 dividend on an annualized basis and a dividend yield of 7.17%. Tractor Supply’s dividend payout ratio is 45.77%.

Insider Activity

In other Tractor Supply news, EVP Colin Yankee sold 24,602 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $54.15, for a total value of $1,332,198.30. Following the completion of the transaction, the executive vice president now directly owns 33,645 shares of the company’s stock, valued at approximately $1,821,876.75. This trade represents a 42.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Matthew L. Rubin sold 3,850 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $57.69, for a total value of $222,106.50. Following the completion of the sale, the senior vice president now owns 31,787 shares in the company, valued at approximately $1,833,792.03. This represents a 10.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,598 shares of company stock worth $2,234,481 in the last 90 days. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on TSCO. Citigroup dropped their target price on Tractor Supply from $59.00 to $51.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Bank of America raised their target price on Tractor Supply from $44.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday, January 16th. UBS Group set a $54.00 price target on Tractor Supply in a report on Friday, April 25th. Truist Financial lowered their target price on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Stephens started coverage on shares of Tractor Supply in a research note on Wednesday, April 9th. They set an “equal weight” rating and a $56.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.02.

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.