13,143 Shares in Tractor Supply (NASDAQ:TSCO) Bought by Cushing Capital Partners LLC

Cushing Capital Partners LLC bought a new position in shares of Tractor Supply (NASDAQ:TSCO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,143 shares of the specialty retailer’s stock, valued at approximately $697,000.

Other large investors have also added to or reduced their stakes in the company. First Personal Financial Services acquired a new position in Tractor Supply during the third quarter worth $29,000. Providence Capital Advisors LLC acquired a new position in Tractor Supply during the third quarter worth $32,000. Assetmark Inc. boosted its holdings in Tractor Supply by 2,383.3% during the third quarter. Assetmark Inc. now owns 149 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 143 shares during the last quarter. Larson Financial Group LLC lifted its stake in Tractor Supply by 29.4% in the third quarter. Larson Financial Group LLC now owns 286 shares of the specialty retailer’s stock valued at $83,000 after acquiring an additional 65 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Tractor Supply in the third quarter valued at $90,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, EVP Melissa Kersey sold 9,300 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $53.17, for a total value of $494,481.00. Following the transaction, the executive vice president now directly owns 34,961 shares of the company’s stock, valued at $1,858,876.37. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew L. Rubin sold 3,850 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $57.69, for a total transaction 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 approximately $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. Insiders have sold a total of 137,993 shares of company stock valued at $7,538,068 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $57.21 on Tuesday. Tractor Supply has a 52 week low of $48.30 and a 52 week high of $61.53. The firm has a market cap of $30.55 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 2.95 and a beta of 0.85. The firm’s 50-day simple moving average is $55.20 and its 200 day simple moving average is $55.79. 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 (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, January 30th. The specialty retailer reported $0.44 EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts predict that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply announced that its board has authorized a share repurchase plan on Thursday, February 13th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 6.43%. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, February 26th. Tractor Supply’s dividend payout ratio (DPR) is currently 45.10%.

Analyst Ratings Changes

TSCO has been the subject of a number of recent analyst reports. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. Guggenheim reiterated a “buy” rating and issued a $60.00 price target on shares of Tractor Supply in a research note on Friday, January 31st. Telsey Advisory Group reiterated an “outperform” rating and issued a $67.00 price target on shares of Tractor Supply in a research note on Thursday, January 30th. Mizuho increased their price target on shares of Tractor Supply from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, Barclays cut their price target on shares of Tractor Supply from $262.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, December 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.22.

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.