Klein Pavlis & Peasley Financial Inc. Acquires 14,032 Shares of Tractor Supply Company $TSCO

Klein Pavlis & Peasley Financial Inc. raised its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 54.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 39,807 shares of the specialty retailer’s stock after purchasing an additional 14,032 shares during the period. Tractor Supply makes up approximately 1.2% of Klein Pavlis & Peasley Financial Inc.’s portfolio, making the stock its 27th biggest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Tractor Supply were worth $1,991,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSCO. Delos Wealth Advisors LLC bought a new position in shares of Tractor Supply in the second quarter valued at approximately $26,000. Aventura Private Wealth LLC bought a new stake in Tractor Supply during the fourth quarter worth $27,000. JPL Wealth Management LLC purchased a new stake in Tractor Supply in the 3rd quarter valued at $28,000. Clayton Financial Group LLC bought a new position in Tractor Supply during the 3rd quarter valued at $44,000. Finally, First Horizon Corp bought a new position in Tractor Supply during the 3rd quarter valued at $44,000. 98.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on TSCO shares. Citigroup reiterated a “buy” rating and issued a $61.00 target price (down from $66.00) on shares of Tractor Supply in a research note on Friday, January 16th. UBS Group set a $55.00 price target on shares of Tractor Supply in a research report on Friday, January 30th. Gordon Haskett cut shares of Tractor Supply from an “accumulate” rating to a “hold” rating and cut their price target for the stock from $57.00 to $50.00 in a report on Thursday, January 8th. Mizuho reduced their price objective on shares of Tractor Supply from $65.00 to $58.00 and set an “outperform” rating for the company in a research report on Friday, January 30th. Finally, Piper Sandler decreased their price objective on shares of Tractor Supply from $67.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, January 30th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.78.

Tractor Supply Trading Down 2.2%

Shares of Tractor Supply stock opened at $44.87 on Friday. The firm has a market cap of $23.62 billion, a PE ratio of 21.68, a P/E/G ratio of 2.24 and a beta of 0.72. Tractor Supply Company has a 1 year low of $44.44 and a 1 year high of $63.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 0.16. The stock has a fifty day moving average price of $51.31 and a 200-day moving average price of $53.18.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.Tractor Supply’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. Equities research analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were paid a $0.24 dividend. The ex-dividend date was Tuesday, February 24th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 2.1%. Tractor Supply’s dividend payout ratio is presently 46.38%.

Insider Activity

In other news, CEO Harry A. Lawton III sold 84,670 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $53.16, for a total transaction of $4,501,057.20. Following the completion of the sale, the chief executive officer owned 606,842 shares in the company, valued at $32,259,720.72. This trade represents a 12.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jonathan S. Estep sold 59,745 shares of Tractor Supply stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.03, for a total transaction of $3,228,022.35. Following the completion of the sale, the executive vice president directly owned 80,931 shares in the company, valued at $4,372,701.93. This trade represents a 42.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 222,348 shares of company stock worth $11,959,621. 0.65% of the stock is owned by insiders.

Tractor Supply Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.