Signaturefd LLC Purchases 782 Shares of Tractor Supply (NASDAQ:TSCO)

Signaturefd LLC lifted its position in Tractor Supply (NASDAQ:TSCO) by 54.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,231 shares of the specialty retailer’s stock after acquiring an additional 782 shares during the period. Signaturefd LLC’s holdings in Tractor Supply were worth $480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC lifted its position in Tractor Supply by 27.7% during the third quarter. CWM LLC now owns 3,175 shares of the specialty retailer’s stock valued at $645,000 after purchasing an additional 689 shares during the period. AE Wealth Management LLC lifted its position in Tractor Supply by 13.4% during the third quarter. AE Wealth Management LLC now owns 8,125 shares of the specialty retailer’s stock valued at $1,650,000 after purchasing an additional 960 shares during the period. Exchange Traded Concepts LLC lifted its position in Tractor Supply by 160.5% during the third quarter. Exchange Traded Concepts LLC now owns 2,373 shares of the specialty retailer’s stock valued at $482,000 after purchasing an additional 1,462 shares during the period. Private Trust Co. NA lifted its position in Tractor Supply by 10.0% during the third quarter. Private Trust Co. NA now owns 734 shares of the specialty retailer’s stock valued at $149,000 after purchasing an additional 67 shares during the period. Finally, Koshinski Asset Management Inc. lifted its position in Tractor Supply by 4.7% during the third quarter. Koshinski Asset Management Inc. now owns 1,993 shares of the specialty retailer’s stock valued at $405,000 after purchasing an additional 89 shares during the period. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the completion of the transaction, the chief financial officer now owns 25,013 shares in the company, valued at $5,804,516.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the completion of the transaction, the chief financial officer now owns 25,013 shares in the company, valued at $5,804,516.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the transaction, the executive vice president now owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,090 shares of company stock worth $21,201,877. 0.24% of the stock is owned by insiders.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $258.13 on Thursday. 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 firm has a fifty day moving average price of $251.14 and a 200 day moving average price of $225.83. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $268.02. The firm has a market cap of $27.86 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 3.84 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.06. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the business earned $2.43 earnings per share. Tractor Supply’s revenue for the quarter was down 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Tractor Supply will post 10.2 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a dividend of $1.10 per share. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.70%. Tractor Supply’s dividend payout ratio is currently 43.61%.

Analysts Set New Price Targets

A number of analysts have commented on TSCO shares. Wedbush reaffirmed a “neutral” rating and set a $235.00 target price on shares of Tractor Supply in a report on Tuesday. Raymond James cut shares of Tractor Supply from a “strong-buy” rating to an “outperform” rating and upped their target price for the company from $230.00 to $250.00 in a report on Friday, February 2nd. Evercore ISI reduced their target price on shares of Tractor Supply from $280.00 to $275.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. The Goldman Sachs Group upped their target price on shares of Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, UBS Group upped their target price on shares of Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tractor Supply has a consensus 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.