Sumitomo Mitsui DS Asset Management Company Ltd Has $2.15 Million Stake in Tractor Supply (NASDAQ:TSCO)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Tractor Supply (NASDAQ:TSCO) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,998 shares of the specialty retailer’s stock after purchasing an additional 167 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Tractor Supply were worth $2,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TSCO. Citizens National Bank Trust Department grew its holdings in Tractor Supply by 0.5% during the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock worth $2,086,000 after acquiring an additional 45 shares during the period. Allen Capital Group LLC grew its holdings in Tractor Supply by 0.6% during the 3rd quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer’s stock worth $1,805,000 after acquiring an additional 53 shares during the period. Fidelis Capital Partners LLC grew its holdings in Tractor Supply by 5.0% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock worth $240,000 after acquiring an additional 53 shares during the period. Scotia Capital Inc. grew its holdings in Tractor Supply by 2.5% during the 3rd quarter. Scotia Capital Inc. now owns 2,177 shares of the specialty retailer’s stock worth $442,000 after acquiring an additional 54 shares during the period. Finally, Taylor Frigon Capital Management LLC grew its holdings in Tractor Supply by 0.8% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 6,762 shares of the specialty retailer’s stock worth $1,373,000 after acquiring an additional 55 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Price Performance

Tractor Supply stock opened at $258.13 on Thursday. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $268.02. The company’s 50 day moving average price is $251.14 and its two-hundred day moving average price is $225.83. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. The stock has a market cap of $27.86 billion, a P/E ratio of 25.58, a P/E/G ratio of 3.84 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter last year, the firm earned $2.43 EPS. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, equities analysts predict that Tractor Supply will post 10.2 earnings per share for the current year.

Tractor Supply Increases Dividend

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

Insider Transactions at Tractor Supply

In other news, EVP Colin Yankee sold 8,675 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the completion of the sale, the executive vice president now owns 9,673 shares in the company, valued at approximately $2,418,250. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Harry A. Lawton III sold 20,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the completion of the sale, the chief executive officer now owns 95,192 shares in the company, valued at approximately $22,173,072.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Colin Yankee sold 8,675 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the sale, the executive vice president now directly owns 9,673 shares in the company, valued at approximately $2,418,250. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 in the last quarter. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wedbush reiterated a “neutral” rating and set a $235.00 price target on shares of Tractor Supply in a report on Tuesday. Truist Financial increased their price objective on shares of Tractor Supply from $256.00 to $277.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Evercore ISI cut their price objective on shares of Tractor Supply from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Barclays increased their price objective on shares of Tractor Supply from $192.00 to $234.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. Finally, Morgan Stanley reissued an “underweight” rating and set a $195.00 price objective on shares of Tractor Supply in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $241.65.

About Tractor Supply

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.