GoalVest Advisory LLC Has $2.28 Million Holdings in Tractor Supply (NASDAQ:TSCO)

GoalVest Advisory LLC increased its holdings in Tractor Supply (NASDAQ:TSCO) by 5.4% during the first quarter, HoldingsChannel reports. The fund owned 41,303 shares of the specialty retailer’s stock after acquiring an additional 2,103 shares during the quarter. Tractor Supply accounts for about 0.6% of GoalVest Advisory LLC’s investment portfolio, making the stock its 27th biggest holding. GoalVest Advisory LLC’s holdings in Tractor Supply were worth $2,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in TSCO. Geneos Wealth Management Inc. raised its holdings in shares of Tractor Supply by 400.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 970 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 776 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Tractor Supply in the 4th quarter worth about $349,000. Blue Trust Inc. raised its holdings in shares of Tractor Supply by 28.2% in the 4th 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. KBC Group NV raised its holdings in shares of Tractor Supply by 76.0% in the 4th quarter. KBC Group NV now owns 104,845 shares of the specialty retailer’s stock worth $5,563,000 after acquiring an additional 45,267 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Tractor Supply by 453.8% in the 4th quarter. Pacer Advisors Inc. now owns 44,985 shares of the specialty retailer’s stock worth $2,387,000 after acquiring an additional 36,862 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TSCO shares. Wall Street Zen upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. Truist Financial reduced their price objective on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Robert W. Baird reduced their price objective on shares of Tractor Supply from $63.00 to $56.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on shares of Tractor Supply from $59.00 to $56.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Finally, UBS Group set a $54.00 price objective on shares of Tractor Supply in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $58.02.

Tractor Supply Stock Down 0.2%

Tractor Supply stock opened at $48.97 on Friday. Tractor Supply has a twelve month low of $46.85 and a twelve month high of $61.53. The firm has a 50 day moving average price of $51.24 and a 200-day moving average price of $53.75. The company has a market capitalization of $25.96 billion, a P/E ratio of 24.01, 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 announced its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 earnings per share. As a group, equities analysts predict that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, May 28th. Tractor Supply’s payout ratio is currently 45.77%.

Tractor Supply announced that its Board of Directors has approved a share buyback plan on Thursday, February 13th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to purchase up to 3.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity at Tractor Supply

In related news, SVP Matthew L. Rubin sold 2,810 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $51.76, for a total transaction of $145,445.60. Following the sale, the senior vice president now directly owns 29,722 shares in the company, valued at approximately $1,538,410.72. This represents a 8.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

Tractor Supply 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.