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

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

Other large investors have also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new position in shares of Tractor Supply in the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. acquired a new position in shares of Tractor Supply in the 4th quarter worth approximately $28,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Tractor Supply by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 76 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Tractor Supply during the 3rd quarter worth approximately $33,000. Finally, Cetera Trust Company N.A acquired a new stake in Tractor Supply during the 4th quarter worth approximately $38,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSCO has been the topic of a number of research reports. The Goldman Sachs Group increased their target price on shares of Tractor Supply from $230.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Raymond James increased their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Evercore ISI increased their target price on shares of Tractor Supply from $275.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Truist Financial increased their target price on shares of Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Morgan Stanley increased their price objective on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Two investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $251.25.

Insider Activity

In other news, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the sale, the chief executive officer now owns 95,192 shares of the company’s stock, valued at $22,173,072.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Harry A. Lawton III sold 20,500 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the sale, the chief executive officer now owns 95,192 shares of the company’s stock, valued at $22,173,072.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kurt D. Barton sold 401 shares of the business’s 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 sale, the chief financial officer now directly owns 25,013 shares in the company, valued at approximately $5,804,516.78. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock valued at $21,201,877 over the last quarter. Corporate insiders own 0.24% of the company’s stock.

Tractor Supply Stock Performance

NASDAQ TSCO traded down $1.91 during trading on Wednesday, reaching $271.17. The company’s stock had a trading volume of 1,491,462 shares, compared to its average volume of 1,172,531. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. The firm has a market cap of $29.27 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 3.51 and a beta of 0.84. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $279.38. The business’s fifty day moving average price is $254.00 and its 200-day moving average price is $227.98.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. Tractor Supply’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.65 earnings per share. As a group, analysts anticipate that Tractor Supply will post 10.3 EPS for the current fiscal year.

Tractor Supply Increases Dividend

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