Livforsakringsbolaget Skandia Omsesidigt Increases Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Tractor Supply (NASDAQ:TSCO) by 82.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272 shares of the specialty retailer’s stock after acquiring an additional 123 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Tractor Supply were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSCO. Wellington Management Group LLP lifted its stake in Tractor Supply by 9,370.6% in the third quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock worth $573,038,000 after acquiring an additional 2,792,352 shares during the period. Norges Bank purchased a new stake in Tractor Supply in the fourth quarter worth $264,936,000. Alliancebernstein L.P. lifted its stake in Tractor Supply by 84.0% in the fourth quarter. Alliancebernstein L.P. now owns 2,159,008 shares of the specialty retailer’s stock worth $485,712,000 after acquiring an additional 985,799 shares during the period. Invesco Ltd. raised its holdings in Tractor Supply by 76.7% in the third quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer’s stock worth $411,010,000 after purchasing an additional 878,874 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Tractor Supply by 30.8% in the fourth quarter. Morgan Stanley now owns 1,642,115 shares of the specialty retailer’s stock worth $369,427,000 after purchasing an additional 387,155 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the transaction, the chief financial officer now directly owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Jonathan S. Estep sold 7,120 shares of Tractor Supply stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the transaction, the executive vice president now directly owns 13,605 shares of the company’s stock, valued at approximately $3,159,897.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at $5,804,516.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,090 shares of company stock valued at $21,201,877. Insiders own 0.24% of the company’s stock.

Tractor Supply Price Performance

NASDAQ TSCO opened at $252.79 on Friday. The company has a market capitalization of $27.28 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.71 and a beta of 0.84. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.28 and a current ratio of 1.50. The stock has a 50-day moving average of $249.89 and a 200 day moving average of $224.62. Tractor Supply has a one year low of $185.00 and a one year high of $268.02.

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

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.74%. 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 presently 43.61%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays increased their price objective on Tractor Supply from $192.00 to $234.00 and gave the stock an “equal weight” rating in a report on Wednesday. Wells Fargo & Company increased their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Wedbush increased 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. Morgan Stanley reiterated an “underweight” rating and issued a $195.00 price objective on shares of Tractor Supply in a report on Tuesday, January 16th. Finally, Benchmark reiterated a “buy” rating and issued a $256.00 price objective on shares of Tractor Supply in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $241.65.

Tractor Supply Company 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.