Linden Thomas Advisory Services LLC Has $2.90 Million Holdings in Tractor Supply (NASDAQ:TSCO)

Linden Thomas Advisory Services LLC increased its stake in shares of Tractor Supply (NASDAQ:TSCO) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,487 shares of the specialty retailer’s stock after purchasing an additional 163 shares during the period. Tractor Supply makes up 0.5% of Linden Thomas Advisory Services LLC’s holdings, making the stock its 21st largest position. Linden Thomas Advisory Services LLC’s holdings in Tractor Supply were worth $2,900,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TSCO. Wellington Management Group LLP increased its holdings in shares of Tractor Supply by 9,370.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock valued at $573,038,000 after acquiring an additional 2,792,352 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Tractor Supply by 76.7% during the 3rd quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer’s stock valued at $411,010,000 after acquiring an additional 878,874 shares during the last quarter. Alecta Tjanstepension Omsesidigt boosted its stake in Tractor Supply by 87.5% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 750,000 shares of the specialty retailer’s stock valued at $161,272,000 after purchasing an additional 350,000 shares during the period. International Assets Investment Management LLC boosted its stake in Tractor Supply by 32,987.5% during the 4th quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock valued at $58,128,000 after purchasing an additional 269,508 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Tractor Supply by 22.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,148,340 shares of the specialty retailer’s stock valued at $233,170,000 after purchasing an additional 210,131 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TSCO shares. Barclays increased their target price on Tractor Supply from $192.00 to $234.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Stephens downgraded Tractor Supply from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $226.00 to $240.00 in a research note on Tuesday, January 23rd. The Goldman Sachs Group increased their target price on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Truist Financial increased their target price on Tractor Supply from $256.00 to $277.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, Raymond James downgraded Tractor Supply from a “strong-buy” rating to an “outperform” rating and raised their price objective for the stock from $230.00 to $250.00 in a research report on Friday, February 2nd. Two 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $241.65.

Insider Activity at Tractor Supply

In other news, EVP Robert D. Mills sold 48,334 shares of Tractor Supply stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the sale, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Matthew L. Rubin sold 725 shares of Tractor Supply stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $238.09, for a total value of $172,615.25. Following the completion of the sale, the senior vice president now directly owns 5,710 shares of the company’s stock, valued at approximately $1,359,493.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert D. Mills sold 48,334 shares of Tractor Supply stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the sale, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at $5,147,842.41. The disclosure for this sale can be found here. Insiders sold 90,090 shares of company stock valued at $21,201,877 in the last three months. Corporate insiders own 0.58% of the company’s stock.

Tractor Supply Price Performance

TSCO stock traded up $3.19 during midday trading on Tuesday, reaching $256.57. 660,117 shares of the company’s stock traded hands, compared to its average volume of 1,145,578. The company has a 50-day simple moving average of $250.24 and a two-hundred day simple moving average of $225.24. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $268.02. The company has a market cap of $27.69 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 3.80 and a beta of 0.84. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82.

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

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.71%. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s dividend payout ratio (DPR) is currently 43.61%.

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.