Golden State Equity Partners Purchases 322 Shares of Tractor Supply (NASDAQ:TSCO)

Golden State Equity Partners grew its position in shares of Tractor Supply (NASDAQ:TSCO) by 32.2% in the 4th quarter, HoldingsChannel reports. The firm owned 1,322 shares of the specialty retailer’s stock after acquiring an additional 322 shares during the quarter. Golden State Equity Partners’ holdings in Tractor Supply were worth $284,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TSCO. Exchange Traded Concepts LLC increased its holdings in shares of Tractor Supply by 160.5% in the third quarter. Exchange Traded Concepts LLC now owns 2,373 shares of the specialty retailer’s stock worth $482,000 after buying an additional 1,462 shares during the period. Private Trust Co. NA increased its holdings in shares of Tractor Supply by 10.0% in the third quarter. Private Trust Co. NA now owns 734 shares of the specialty retailer’s stock worth $149,000 after buying an additional 67 shares during the period. Czech National Bank increased its holdings in shares of Tractor Supply by 46.7% in the third quarter. Czech National Bank now owns 19,027 shares of the specialty retailer’s stock worth $3,863,000 after buying an additional 6,056 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Tractor Supply by 0.6% in the third quarter. Asset Management One Co. Ltd. now owns 47,497 shares of the specialty retailer’s stock worth $9,644,000 after buying an additional 290 shares during the period. Finally, Simplicity Solutions LLC increased its holdings in shares of Tractor Supply by 8.4% in the third quarter. Simplicity Solutions LLC now owns 3,890 shares of the specialty retailer’s stock worth $790,000 after buying an additional 301 shares during the period. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TSCO. Evercore ISI lifted their price objective on Tractor Supply from $275.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday. Raymond James lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday. Benchmark reiterated a “buy” rating and issued a $256.00 price objective on shares of Tractor Supply in a report on Monday, April 22nd. The Goldman Sachs Group boosted their price target on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Mizuho restated a “neutral” rating and set a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply has a consensus rating of “Hold” and a consensus target price of $248.17.

Tractor Supply Stock Up 3.3 %

TSCO stock opened at $273.90 on Friday. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $274.66. The business’s 50 day moving average price is $252.44 and its two-hundred day moving average price is $226.74. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.28 and a current ratio of 1.40. The company has a market capitalization of $29.56 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 4.10 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the previous year, the firm posted $1.65 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, analysts forecast that Tractor Supply will post 10.26 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently declared 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 a boost from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Friday, February 23rd. Tractor Supply’s payout ratio is currently 42.84%.

Insider Transactions at Tractor Supply

In related news, EVP Colin Yankee sold 8,675 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total value of $2,168,750.00. Following the transaction, the executive vice president now directly owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Colin Yankee sold 8,675 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total value of $2,168,750.00. Following the transaction, the executive vice president now directly owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kurt D. Barton sold 4,335 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at $5,314,246. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock valued at $21,201,877 in the last ninety days. 0.24% 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.