Tractor Supply (NASDAQ:TSCO) Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lifted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,771 shares of the specialty retailer’s stock after buying an additional 351 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Tractor Supply were worth $6,617,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. WCM Investment Management LLC acquired a new position in Tractor Supply in the fourth quarter valued at $782,000. LPL Financial LLC lifted its holdings in shares of Tractor Supply by 4.6% in the 3rd quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock valued at $23,122,000 after purchasing an additional 5,014 shares during the last quarter. Impax Asset Management Group plc boosted its position in shares of Tractor Supply by 2,120.1% in the 4th quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock valued at $26,194,000 after purchasing an additional 116,330 shares during the period. Simon Quick Advisors LLC grew its stake in Tractor Supply by 21.1% during the 3rd quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock worth $315,000 after buying an additional 270 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Tractor Supply by 32,987.5% during the fourth quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock worth $58,128,000 after buying an additional 269,508 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Up 1.0 %

TSCO opened at $255.96 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.28 and a current ratio of 1.50. The company has a market cap of $27.63 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 3.81 and a beta of 0.84. Tractor Supply has a one year low of $185.00 and a one year high of $268.02. The business’s fifty day moving average is $250.69 and its two-hundred day moving average is $225.60.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.06. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.43 earnings per share. Analysts anticipate that Tractor Supply will post 10.2 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were given a $1.10 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Friday, February 23rd. Tractor Supply’s dividend payout ratio is currently 43.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TSCO shares. Benchmark restated a “buy” rating and set a $256.00 target price on shares of Tractor Supply in a research report on Monday. Telsey Advisory Group upped their target price on shares of Tractor Supply from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, April 19th. The Goldman Sachs Group raised their price target on Tractor Supply from $230.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Evercore ISI decreased their price objective on Tractor Supply from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Finally, Raymond James lowered Tractor Supply from a “strong-buy” rating to an “outperform” rating and boosted their target price for the company from $230.00 to $250.00 in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $241.65.

Insider Activity

In related news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction dated 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 sale, the chief financial officer now owns 25,013 shares in the company, valued at approximately $5,804,516.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Colin Yankee sold 8,675 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the sale, the executive vice president now owns 9,673 shares in the company, valued at $2,418,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the transaction, the chief financial officer now owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The disclosure for this sale can be found here. Insiders have sold 90,090 shares of company stock worth $21,201,877 over the last three months. 0.58% of the stock is currently owned by corporate insiders.

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.