Tractor Supply (NASDAQ:TSCO) Shares Purchased by BOK Financial Private Wealth Inc.

BOK Financial Private Wealth Inc. raised its position in shares of Tractor Supply (NASDAQ:TSCO) by 330.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,355 shares of the specialty retailer’s stock after purchasing an additional 16,391 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Tractor Supply were worth $1,133,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Blueshift Asset Management LLC lifted its stake in shares of Tractor Supply by 32.7% in the 3rd quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer’s stock worth $2,893,000 after acquiring an additional 2,452 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of Tractor Supply by 16.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 27,336 shares of the specialty retailer’s stock worth $7,953,000 after acquiring an additional 3,863 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Tractor Supply by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 631,406 shares of the specialty retailer’s stock worth $183,695,000 after acquiring an additional 8,142 shares during the period. Metis Global Partners LLC lifted its stake in shares of Tractor Supply by 495.1% in the 4th quarter. Metis Global Partners LLC now owns 30,485 shares of the specialty retailer’s stock worth $1,618,000 after acquiring an additional 25,362 shares during the period. Finally, TimesSquare Capital Management LLC lifted its stake in shares of Tractor Supply by 48.9% in the 3rd quarter. TimesSquare Capital Management LLC now owns 247,806 shares of the specialty retailer’s stock worth $72,094,000 after acquiring an additional 81,341 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Up 4.2 %

Tractor Supply stock opened at $56.89 on Friday. The firm has a market cap of $30.38 billion, a PE ratio of 27.89, a P/E/G ratio of 2.95 and a beta of 0.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.20 and a current ratio of 1.43. The firm’s 50 day moving average price is $55.11 and its two-hundred day moving average price is $55.75. Tractor Supply has a twelve month low of $48.30 and a twelve month high of $61.53.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($1.84). Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. On average, research analysts predict that Tractor Supply will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 26th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 6.47%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.22. Tractor Supply’s dividend payout ratio is currently 45.10%.

Tractor Supply announced that its board has approved a stock buyback program on Thursday, February 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to purchase up to 3.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

TSCO has been the subject of a number of research analyst reports. Evercore ISI raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. Wells Fargo & Company cut their target price on shares of Tractor Supply from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Mizuho increased their target price on shares of Tractor Supply from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Guggenheim reissued a “buy” rating and set a $60.00 target price on shares of Tractor Supply in a research note on Friday, January 31st. Finally, Truist Financial cut their target price on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Tractor Supply currently has an average rating of “Moderate Buy” and an average target price of $59.22.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 3,850 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $57.69, for a total value of $222,106.50. Following the completion of the sale, the senior vice president now directly owns 31,787 shares of the company’s stock, valued at $1,833,792.03. The trade was a 10.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Harry A. Lawton III sold 88,095 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $54.59, for a total transaction of $4,809,106.05. Following the completion of the sale, the chief executive officer now directly owns 488,852 shares of the company’s stock, valued at $26,686,430.68. This represents a 15.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,993 shares of company stock worth $7,538,068. 0.24% of the stock is currently owned by company insiders.

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.