Running Oak Capital LLC Buys 6,494 Shares of Tractor Supply (NASDAQ:TSCO)

Running Oak Capital LLC lifted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 20.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 38,654 shares of the specialty retailer’s stock after purchasing an additional 6,494 shares during the period. Running Oak Capital LLC’s holdings in Tractor Supply were worth $8,312,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in shares of Tractor Supply in the third quarter worth approximately $25,000. Pinnacle Bancorp Inc. purchased a new position in shares of Tractor Supply in the fourth quarter worth $28,000. VisionPoint Advisory Group LLC increased its position in Tractor Supply by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 76 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Tractor Supply in the third quarter worth $33,000. Finally, Cetera Trust Company N.A bought a new stake in Tractor Supply in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the completion of the sale, the executive vice president now directly owns 9,673 shares in the company, valued at $2,418,250. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Colin Yankee sold 8,675 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the transaction, the executive vice president now owns 9,673 shares of the company’s stock, valued at $2,418,250. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the completion of the transaction, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 over the last three months. Insiders own 0.24% of the company’s stock.

Tractor Supply Price Performance

TSCO traded down $4.47 during midday trading on Thursday, hitting $266.70. 1,263,097 shares of the company traded hands, compared to its average volume of 1,173,617. 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 market capitalization of $28.78 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 3.44 and a beta of 0.82. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $279.38. The business has a 50 day simple moving average of $254.72 and a two-hundred day simple moving average of $228.28.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (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 firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the business earned $1.65 earnings per share. Tractor Supply’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts forecast that Tractor Supply will post 10.3 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a dividend of $1.10 per share. The ex-dividend date was Friday, February 23rd. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.65%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.84%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TSCO. TD Cowen raised their price target on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Raymond James raised their price target 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. Wedbush reaffirmed a “neutral” rating and issued a $235.00 price target on shares of Tractor Supply in a research note on Tuesday, April 23rd. Mizuho reiterated a “neutral” rating and set a $250.00 target price (up from $245.00) on shares of Tractor Supply in a report on Friday, April 26th. Finally, UBS Group increased their target price on shares of Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $251.25.

About Tractor Supply

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.