Threadgill Financial LLC Purchases 161 Shares of Tractor Supply (NASDAQ:TSCO)

Threadgill Financial LLC grew its position in shares of Tractor Supply (NASDAQ:TSCO) by 0.6% in the 4th quarter, HoldingsChannel reports. The fund owned 25,405 shares of the specialty retailer’s stock after buying an additional 161 shares during the period. Tractor Supply makes up about 3.6% of Threadgill Financial LLC’s holdings, making the stock its 12th biggest holding. Threadgill Financial LLC’s holdings in Tractor Supply were worth $5,463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. OFI Invest Asset Management purchased a new position in Tractor Supply in the third quarter worth $25,000. Compass Wealth Management LLC bought a new position in Tractor Supply in the 4th quarter worth about $25,000. Pacific Center for Financial Services bought a new position in Tractor Supply in the 1st quarter worth about $26,000. ST Germain D J Co. Inc. bought a new position in shares of Tractor Supply during the 2nd quarter valued at about $29,000. Finally, VisionPoint Advisory Group LLC grew its position in Tractor Supply by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $260.44 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.28. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $268.02. The firm has a market capitalization of $28.11 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 3.88 and a beta of 0.84. The business’s fifty day moving average price is $242.55 and its 200 day moving average price is $219.60.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.06. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the firm earned $2.43 earnings per share. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Tractor Supply will post 10.19 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a $1.10 dividend. The ex-dividend date was Friday, February 23rd. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 dividend on an annualized basis and a yield of 1.69%. Tractor Supply’s dividend payout ratio (DPR) is 43.61%.

Analysts Set New Price Targets

A number of research analysts have recently commented on TSCO shares. Truist Financial raised their target price on Tractor Supply from $230.00 to $256.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Evercore ISI lifted their target price on Tractor Supply from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Tuesday. Wedbush lifted their price objective on Tractor Supply from $200.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Mizuho assumed coverage on Tractor Supply in a research report on Tuesday, March 19th. They set a “neutral” rating and a $245.00 target price on the stock. Finally, UBS Group lifted their target price on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $238.91.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 401 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the completion of the transaction, the chief financial officer now directly owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the transaction, the chief financial officer now owns 20,678 shares in the company, valued at approximately $5,314,246. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the completion of the transaction, the chief financial officer now owns 25,013 shares in the company, valued at approximately $5,804,516.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,090 shares of company stock valued at $21,201,877. Corporate insiders own 0.24% of the company’s stock.

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.