Litman Gregory Wealth Management LLC Boosts Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Litman Gregory Wealth Management LLC increased its position in shares of Tractor Supply (NASDAQ:TSCO) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,120 shares of the specialty retailer’s stock after purchasing an additional 1,280 shares during the period. Tractor Supply makes up approximately 1.1% of Litman Gregory Wealth Management LLC’s portfolio, making the stock its 22nd largest position. Litman Gregory Wealth Management LLC owned about 0.05% of Tractor Supply worth $11,637,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TSCO. Vanguard Group Inc. increased its holdings in Tractor Supply by 0.4% in the first quarter. Vanguard Group Inc. now owns 12,833,541 shares of the specialty retailer’s stock valued at $2,994,964,000 after buying an additional 46,672 shares in the last quarter. State Street Corp increased its holdings in Tractor Supply by 0.8% in the first quarter. State Street Corp now owns 4,459,754 shares of the specialty retailer’s stock valued at $1,048,209,000 after buying an additional 34,281 shares in the last quarter. Wellington Management Group LLP increased its holdings in Tractor Supply by 9,370.6% in the third quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock valued at $573,038,000 after buying an additional 2,792,352 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Tractor Supply by 2.9% in the first quarter. JPMorgan Chase & Co. now owns 2,820,992 shares of the specialty retailer’s stock valued at $663,049,000 after buying an additional 79,240 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Tractor Supply by 5.9% in the first quarter. Geode Capital Management LLC now owns 2,496,347 shares of the specialty retailer’s stock valued at $585,604,000 after buying an additional 138,258 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Stock Up 2.2 %

TSCO stock traded up $5.44 during trading on Friday, reaching $252.79. The stock had a trading volume of 1,284,767 shares, compared to its average volume of 1,153,565. The firm has a fifty day moving average price of $249.89 and a 200 day moving average price of $224.62. The company has a market capitalization of $27.28 billion, a P/E ratio of 25.05, a PEG ratio of 3.72 and a beta of 0.84. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $268.02. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.06. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The company’s revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.43 EPS. On average, equities analysts anticipate that Tractor Supply will post 10.19 earnings per share for the current year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were given a $1.10 dividend. The ex-dividend date was Friday, February 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.74%. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s payout ratio is presently 43.61%.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the sale, the chief financial officer now owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction dated 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 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 legal filing with the SEC, which is available through this link. Also, CFO Kurt D. Barton sold 401 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 90,090 shares of company stock valued at $21,201,877. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TSCO. Mizuho began coverage on shares of Tractor Supply in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $245.00 price target on the stock. Raymond James lowered shares of Tractor Supply from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $230.00 to $250.00 in a research report on Friday, February 2nd. Guggenheim increased their price target on shares of Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Truist Financial increased their price target on shares of Tractor Supply from $256.00 to $277.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Barclays increased their price target on shares of Tractor Supply from $192.00 to $234.00 and gave the company an “equal weight” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $241.65.

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.