Paradiem LLC Purchases 11,744 Shares of Tractor Supply (NASDAQ:TSCO)

Paradiem LLC lifted its position in shares of Tractor Supply (NASDAQ:TSCO) by 50.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,189 shares of the specialty retailer’s stock after acquiring an additional 11,744 shares during the quarter. Tractor Supply makes up about 2.1% of Paradiem LLC’s investment portfolio, making the stock its 17th largest position. Paradiem LLC’s holdings in Tractor Supply were worth $7,567,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC lifted its position in Tractor Supply by 160.5% during the 3rd 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 holdings in Tractor Supply by 10.0% in the third quarter. Private Trust Co. NA now owns 734 shares of the specialty retailer’s stock valued at $149,000 after buying an additional 67 shares during the period. Czech National Bank boosted its stake in Tractor Supply by 46.7% in the third quarter. Czech National Bank now owns 19,027 shares of the specialty retailer’s stock valued at $3,863,000 after acquiring an additional 6,056 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Tractor Supply by 0.6% in the third quarter. Asset Management One Co. Ltd. now owns 47,497 shares of the specialty retailer’s stock valued at $9,644,000 after acquiring an additional 290 shares during the last quarter. Finally, Simplicity Solutions LLC grew its holdings in Tractor Supply by 8.4% during the 3rd quarter. Simplicity Solutions LLC now owns 3,890 shares of the specialty retailer’s stock worth $790,000 after acquiring an additional 301 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 3.3 %

NASDAQ TSCO traded up $8.64 during trading on Friday, hitting $273.90. The stock had a trading volume of 1,599,528 shares, compared to its average volume of 1,032,605. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $274.66. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.28 and a current ratio of 1.40. The company’s 50-day moving average price is $252.44 and its two-hundred day moving average price is $226.74. The company has a market capitalization of $29.56 billion, a PE ratio of 26.67, a P/E/G ratio of 4.10 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the company earned $1.65 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Tractor Supply will post 10.26 EPS for the current year.

Tractor Supply Increases Dividend

The firm 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. Tractor Supply’s dividend payout ratio is currently 42.84%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TSCO shares. Wedbush restated a “neutral” rating and issued a $235.00 price target on shares of Tractor Supply in a research report on Tuesday, April 23rd. Raymond James raised their target price on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday. Wells Fargo & Company boosted their target price on Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. UBS Group increased their price target on shares of Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Finally, Truist Financial lifted their price objective on shares of Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $248.17.

Insider Transactions at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 725 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $238.09, for a total value of $172,615.25. Following the completion of the transaction, the senior vice president now directly owns 5,710 shares in the company, valued at $1,359,493.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Tractor Supply news, SVP Matthew L. Rubin sold 725 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $238.09, for a total value of $172,615.25. Following the completion of the sale, the senior vice president now owns 5,710 shares in the company, valued at $1,359,493.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the transaction, the chief financial officer now owns 20,678 shares in the company, valued at $5,314,246. 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 three months. Insiders own 0.24% of the company’s stock.

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.