National Pension Service Acquires 4,764 Shares of Tractor Supply (NASDAQ:TSCO)

National Pension Service lifted its holdings in shares of Tractor Supply (NASDAQ:TSCO – Get Rating) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 168,172 shares of the specialty retailer’s stock after acquiring an additional 4,764 shares during the quarter. National Pension Service’s holdings in Tractor Supply were worth $31,531,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Tractor Supply by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 12,833,541 shares of the specialty retailer’s stock worth $2,994,964,000 after acquiring an additional 46,672 shares during the period. Ontario Teachers Pension Plan Board boosted its stake in shares of Tractor Supply by 1,426.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 1,706,997 shares of the specialty retailer’s stock worth $317,297,000 after acquiring an additional 1,595,151 shares during the period. Nordea Investment Management AB boosted its stake in shares of Tractor Supply by 136.5% during the 3rd quarter. Nordea Investment Management AB now owns 1,510,112 shares of the specialty retailer’s stock worth $282,316,000 after acquiring an additional 871,572 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Tractor Supply by 20.3% during the 2nd quarter. Wells Fargo & Company MN now owns 1,387,768 shares of the specialty retailer’s stock worth $269,019,000 after acquiring an additional 234,433 shares during the period. Finally, Northern Trust Corp lifted its holdings in Tractor Supply by 0.5% during the 1st quarter. Northern Trust Corp now owns 1,332,075 shares of the specialty retailer’s stock worth $310,867,000 after purchasing an additional 6,889 shares during the last quarter. 84.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Colin Yankee sold 653 shares of the business’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $231.92, for a total transaction of $151,443.76. Following the sale, the executive vice president now owns 13,536 shares in the company, valued at approximately $3,139,269.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tractor Supply news, SVP Matthew L. Rubin sold 2,001 shares of the company’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $237.01, for a total value of $474,257.01. Following the sale, the senior vice president now owns 3,658 shares in the company, valued at approximately $866,982.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Colin Yankee sold 653 shares of the company’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $231.92, for a total value of $151,443.76. Following the completion of the sale, the executive vice president now owns 13,536 shares in the company, valued at approximately $3,139,269.12. The disclosure for this sale can be found here. Insiders have sold 38,091 shares of company stock worth $8,840,560 in the last 90 days. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Roth Capital reissued a “buy” rating on shares of Tractor Supply in a report on Wednesday, February 1st. Cowen assumed coverage on Tractor Supply in a report on Thursday, February 16th. They set a “market perform” rating and a $245.00 price target for the company. Truist Financial lifted their price target on Tractor Supply from $237.00 to $273.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Credit Suisse Group assumed coverage on Tractor Supply in a report on Monday, December 19th. They set an “outperform” rating and a $260.00 price target for the company. Finally, Barclays began coverage on Tractor Supply in a report on Tuesday, February 7th. They set an “overweight” rating and a $254.00 price target for the company. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and an average price target of $247.18.

Tractor Supply Trading Up 1.7 %

Shares of TSCO opened at $235.32 on Friday. The firm has a market cap of $25.90 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 2.19 and a beta of 0.83. Tractor Supply has a 52-week low of $166.49 and a 52-week high of $241.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.19 and a current ratio of 1.33. The business’s fifty day moving average is $227.49 and its 200-day moving average is $214.22.

Tractor Supply (NASDAQ:TSCO – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The specialty retailer reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.08. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.88 billion. Tractor Supply had a return on equity of 56.65% and a net margin of 7.66%. Tractor Supply’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.93 EPS. Equities analysts anticipate that Tractor Supply will post 10.46 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 14th. Investors of record on Monday, February 27th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, February 24th. This represents a $4.12 dividend on an annualized basis and a yield of 1.75%. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.92. Tractor Supply’s payout ratio is currently 42.43%.

About Tractor Supply

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Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.