Lifeworks Advisors LLC Has $217,000 Position in Tractor Supply (NASDAQ:TSCO)

Lifeworks Advisors LLC raised its stake in shares of Tractor Supply (NASDAQ:TSCO) by 414.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,090 shares of the specialty retailer’s stock after purchasing an additional 3,295 shares during the period. Lifeworks Advisors LLC’s holdings in Tractor Supply were worth $217,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TSCO. Larson Financial Group LLC increased its stake in shares of Tractor Supply by 416.8% in the fourth quarter. Larson Financial Group LLC now owns 1,478 shares of the specialty retailer’s stock worth $78,000 after purchasing an additional 1,192 shares during the period. HM Payson & Co. grew its holdings in Tractor Supply by 398.8% in the 4th quarter. HM Payson & Co. now owns 4,090 shares of the specialty retailer’s stock valued at $217,000 after buying an additional 3,270 shares during the last quarter. AMF Tjanstepension AB grew its holdings in Tractor Supply by 388.6% in the 4th quarter. AMF Tjanstepension AB now owns 218,865 shares of the specialty retailer’s stock valued at $11,620,000 after buying an additional 174,071 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Tractor Supply by 401.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 217,237 shares of the specialty retailer’s stock worth $11,527,000 after buying an additional 173,894 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Tractor Supply by 464.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 306,330 shares of the specialty retailer’s stock worth $16,265,000 after buying an additional 252,016 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Matthew L. Rubin sold 3,850 shares of Tractor Supply stock in a transaction dated 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 transaction, the senior vice president now directly owns 31,787 shares of the company’s stock, valued at $1,833,792.03. The trade was a 10.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kurt D. Barton sold 12,146 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $56.00, for a total transaction of $680,176.00. Following the transaction, the chief financial officer now owns 47,715 shares in the company, valued at approximately $2,672,040. This trade represents a 20.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,993 shares of company stock valued at $7,538,068. 0.24% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Up 4.2 %

TSCO opened at $56.89 on Monday. The firm has a market cap of $30.38 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 2.95 and a beta of 0.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.20 and a current ratio of 1.43. The firm’s 50-day simple moving average is $55.11 and its 200-day simple moving average is $55.76. Tractor Supply has a twelve month low of $48.30 and a twelve month high of $61.53.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share 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%. Equities research analysts anticipate that Tractor Supply will post 2.17 EPS for the current fiscal year.

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

Tractor Supply Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be given a $0.92 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.68 annualized dividend and a yield of 6.47%. Tractor Supply’s payout ratio is presently 45.10%.

Wall Street Analyst Weigh In

TSCO has been the topic of several research analyst reports. Barclays lowered their price objective on shares of Tractor Supply from $262.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Monday, December 30th. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Guggenheim reaffirmed a “buy” rating and set a $60.00 price objective on shares of Tractor Supply in a research report on Friday, January 31st. Truist Financial reduced their target price on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $67.00 price target on shares of Tractor Supply in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.22.

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.