Buckhead Capital Management LLC Makes New $912,000 Investment in Tractor Supply (NASDAQ:TSCO)

Buckhead Capital Management LLC acquired a new position in shares of Tractor Supply (NASDAQ:TSCO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,240 shares of the specialty retailer’s stock, valued at approximately $912,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its stake in shares of Tractor Supply by 160.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,373 shares of the specialty retailer’s stock valued at $482,000 after acquiring an additional 1,462 shares during the last quarter. Simplicity Solutions LLC increased its stake in shares of Tractor Supply by 8.4% in the 3rd quarter. Simplicity Solutions LLC now owns 3,890 shares of the specialty retailer’s stock valued at $790,000 after acquiring an additional 301 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Tractor Supply by 6.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 49,532 shares of the specialty retailer’s stock valued at $10,058,000 after acquiring an additional 2,901 shares during the last quarter. Xponance Inc. increased its stake in shares of Tractor Supply by 1.2% in the 3rd quarter. Xponance Inc. now owns 25,985 shares of the specialty retailer’s stock valued at $5,276,000 after acquiring an additional 315 shares during the last quarter. Finally, Raymond James & Associates increased its stake in shares of Tractor Supply by 1.0% in the 3rd quarter. Raymond James & Associates now owns 610,372 shares of the specialty retailer’s stock valued at $123,936,000 after acquiring an additional 6,190 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. UBS Group boosted their price objective on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Guggenheim boosted their price objective on Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Mizuho reiterated a “neutral” rating and issued a $250.00 price objective (up from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Finally, Morgan Stanley boosted their price objective on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $251.25.

Insider Activity at Tractor Supply

In other Tractor Supply news, 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 owns 22,167 shares in the company, valued at approximately $5,147,842.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Tractor Supply news, 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 owns 22,167 shares in the company, valued at approximately $5,147,842.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew L. Rubin sold 725 shares of the stock in a transaction 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 transaction, the senior vice president now owns 5,710 shares in the company, valued at approximately $1,359,493.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,090 shares of company stock worth $21,201,877. Company insiders own 0.24% of the company’s stock.

Tractor Supply Stock Down 0.7 %

Shares of Tractor Supply stock traded down $1.91 on Wednesday, reaching $271.17. 1,491,462 shares of the company were exchanged, compared to its average volume of 1,172,531. Tractor Supply has a one year low of $185.00 and a one year high of $279.38. The company has a market capitalization of $29.27 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 3.51 and a beta of 0.84. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average of $254.00 and a 200 day moving average of $227.98.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the business earned $1.65 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Tractor Supply will post 10.3 earnings per share for the current year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s dividend payout ratio is 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.