Field & Main Bank Buys 575 Shares of Tractor Supply (NASDAQ:TSCO)

Field & Main Bank increased its stake in shares of Tractor Supply (NASDAQ:TSCO) by 29.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,533 shares of the specialty retailer’s stock after buying an additional 575 shares during the period. Field & Main Bank’s holdings in Tractor Supply were worth $545,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. OFI Invest Asset Management bought a new position in shares of Tractor Supply during the third quarter worth approximately $25,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Tractor Supply during the fourth quarter worth $28,000. VisionPoint Advisory Group LLC boosted its position in shares of Tractor Supply by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 76 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Tractor Supply in the third quarter valued at about $33,000. Finally, Cetera Trust Company N.A acquired a new position in shares of Tractor Supply in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

TSCO has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a report on Friday. Guggenheim increased their price target on Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. TD Cowen raised their price objective on Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird upped their target price on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Mizuho reissued a “neutral” rating and set a $250.00 target price (up from $245.00) on shares of Tractor Supply in a report 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $250.00.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the transaction, the chief financial officer now directly owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Tractor Supply news, EVP Jonathan S. Estep sold 7,120 shares of Tractor Supply stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $232.26, for a total value of $1,653,691.20. Following the completion of the sale, the executive vice president now directly owns 13,605 shares in the company, valued at $3,159,897.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kurt D. Barton sold 401 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the transaction, the chief financial officer now owns 25,013 shares in the company, valued at $5,804,516.78. 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. Insiders own 0.58% of the company’s stock.

Tractor Supply Trading Up 1.5 %

Tractor Supply stock traded up $3.98 during trading hours on Monday, hitting $277.88. The stock had a trading volume of 1,066,173 shares, compared to its average volume of 1,171,144. The stock has a market cap of $29.99 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 3.47 and a beta of 0.84. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The business’s 50 day simple moving average is $253.27 and its 200-day simple moving average is $227.47. Tractor Supply has a one year low of $185.00 and a one year high of $278.16.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping the consensus estimate of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business 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 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts predict that Tractor Supply will post 10.26 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.58%. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s dividend payout ratio is presently 42.84%.

Tractor Supply Company 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.