Community Bank & Trust Waco Texas Buys Shares of 1,550 Tractor Supply (NASDAQ:TSCO)

Community Bank & Trust Waco Texas acquired a new stake in Tractor Supply (NASDAQ:TSCO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,550 shares of the specialty retailer’s stock, valued at approximately $333,000.

Other institutional investors have also modified their holdings of the company. WCM Investment Management LLC purchased a new stake in shares of Tractor Supply in the 4th quarter valued at about $782,000. LPL Financial LLC lifted its holdings in shares of Tractor Supply by 4.6% in the 3rd quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock valued at $23,122,000 after purchasing an additional 5,014 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Tractor Supply by 2,120.1% in the 4th quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock valued at $26,194,000 after purchasing an additional 116,330 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of Tractor Supply by 21.1% in the 3rd quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock valued at $315,000 after purchasing an additional 270 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Tractor Supply by 32,987.5% during the 4th quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock valued at $58,128,000 after acquiring an additional 269,508 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

Shares of Tractor Supply stock traded up $3.58 on Tuesday, reaching $256.96. 650,975 shares of the company were exchanged, compared to its average volume of 1,145,578. 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 company’s 50-day moving average is $250.24 and its two-hundred day moving average is $225.24. The firm has a market cap of $27.73 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 3.80 and a beta of 0.84. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $268.02.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly 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 return on equity of 53.60% and a net margin of 7.61%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the prior year, the firm earned $2.43 EPS. The business’s quarterly revenue was down 8.6% on a year-over-year basis. As a group, research 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 disclosed 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 of this dividend was Friday, February 23rd. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a dividend yield of 1.71%. Tractor Supply’s dividend payout ratio (DPR) is currently 43.61%.

Analyst Upgrades and Downgrades

TSCO has been the topic of a number of research reports. Wedbush restated a “neutral” rating and issued a $235.00 price target on shares of Tractor Supply in a report on Tuesday. Truist Financial upped their price target on Tractor Supply from $256.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Mizuho started coverage on Tractor Supply in a report on Tuesday, March 19th. They issued a “neutral” rating and a $245.00 price target on the stock. The Goldman Sachs Group increased their target price on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Guggenheim increased their target price on Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $241.65.

Insider Transactions at Tractor Supply

In other news, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the completion of the sale, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the completion of the sale, the chief financial officer now directly owns 25,013 shares in the company, valued at $5,804,516.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction on Wednesday, February 14th. The stock was 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 directly owns 22,167 shares in the company, valued at $5,147,842.41. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock valued at $21,201,877 in the last three months. 0.58% of the stock is currently owned by corporate 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.