Running Oak Capital LLC Has $8.31 Million Holdings in Tractor Supply (NASDAQ:TSCO)

Running Oak Capital LLC increased its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 20.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 38,654 shares of the specialty retailer’s stock after acquiring an additional 6,494 shares during the quarter. Running Oak Capital LLC’s holdings in Tractor Supply were worth $8,312,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Commonwealth Equity Services LLC grew its stake in 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 buying an additional 2,901 shares during the last quarter. Xponance Inc. increased its position in Tractor Supply by 1.2% during the 3rd quarter. Xponance Inc. now owns 25,985 shares of the specialty retailer’s stock worth $5,276,000 after purchasing an additional 315 shares in the last quarter. Raymond James & Associates increased its position in 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 period. Raymond James Financial Services Advisors Inc. increased its position in Tractor Supply by 6.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 200,444 shares of the specialty retailer’s stock valued at $40,700,000 after acquiring an additional 12,787 shares during the period. Finally, Simon Quick Advisors LLC increased its position in shares of Tractor Supply by 21.1% during the third quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock worth $315,000 after buying an additional 270 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Down 1.6 %

Tractor Supply stock traded down $4.47 during midday trading on Thursday, hitting $266.70. 1,263,097 shares of the company’s stock were exchanged, compared to its average volume of 1,173,617. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $279.38. The firm has a 50-day moving average of $254.72 and a two-hundred day moving average of $228.28. The company has a market cap of $28.78 billion, a PE ratio of 25.96, a P/E/G ratio of 3.44 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the firm posted $1.65 EPS. Tractor Supply’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, analysts expect that Tractor Supply will post 10.3 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.65%. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s payout ratio is 42.84%.

Insider Activity

In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the sale, the chief financial officer now owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction dated 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 of the company’s stock, valued at approximately $5,804,516.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of 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 valued at $21,201,877 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TSCO shares. TD Cowen raised their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Raymond James lifted their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Truist Financial raised their price objective on shares of Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Piper Sandler lifted their target price on shares of Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Robert W. Baird boosted their price objective on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $251.25.

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.