Tractor Supply Company $TSCO Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its position in Tractor Supply Company (NASDAQ:TSCO) by 6.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,337 shares of the specialty retailer’s stock after buying an additional 11,579 shares during the quarter. Handelsbanken Fonder AB’s holdings in Tractor Supply were worth $10,370,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Buckhead Capital Management LLC boosted its holdings in shares of Tractor Supply by 310.3% in the third quarter. Buckhead Capital Management LLC now owns 36,863 shares of the specialty retailer’s stock worth $2,096,000 after buying an additional 27,878 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Tractor Supply by 6.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 130,035 shares of the specialty retailer’s stock valued at $6,862,000 after acquiring an additional 7,871 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Tractor Supply by 45.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 149,323 shares of the specialty retailer’s stock valued at $7,880,000 after acquiring an additional 46,471 shares in the last quarter. First National Bank of Omaha acquired a new position in Tractor Supply in the 3rd quarter worth approximately $5,069,000. Finally, Bison Wealth LLC boosted its stake in Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $51.84 on Monday. Tractor Supply Company has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The stock’s 50-day moving average is $52.40 and its two-hundred day moving average is $54.94. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 0.16. The firm has a market cap of $27.29 billion, a P/E ratio of 25.04, a PEG ratio of 2.60 and a beta of 0.72.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03). Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be paid a dividend of $0.24 per share. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, February 24th. This represents a $0.96 annualized dividend and a dividend yield of 1.9%. Tractor Supply’s dividend payout ratio (DPR) is currently 46.38%.

Insider Buying and Selling at Tractor Supply

In related news, EVP Jonathan S. Estep sold 59,745 shares of Tractor Supply stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $54.03, for a total value of $3,228,022.35. Following the completion of the sale, the executive vice president owned 80,931 shares of the company’s stock, valued at approximately $4,372,701.93. The trade was a 42.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kurt D. Barton sold 1,929 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $53.94, for a total transaction of $104,050.26. Following the completion of the sale, the chief financial officer owned 44,736 shares of the company’s stock, valued at $2,413,059.84. This represents a 4.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 222,348 shares of company stock worth $11,959,621 in the last ninety days. Company insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on TSCO shares. The Goldman Sachs Group set a $59.00 target price on shares of Tractor Supply and gave the company a “buy” rating in a research note on Friday, January 30th. TD Cowen dropped their price target on Tractor Supply from $55.00 to $53.00 and set a “hold” rating on the stock in a research report on Friday, January 30th. Wolfe Research reissued an “outperform” rating and issued a $57.00 price objective on shares of Tractor Supply in a research note on Friday, January 30th. Zacks Research cut Tractor Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. Finally, Jefferies Financial Group dropped their target price on Tractor Supply from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Fifteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.78.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.