Wedmont Private Capital Makes New $312,000 Investment in Tractor Supply (NASDAQ:TSCO)

Wedmont Private Capital bought a new position in Tractor Supply (NASDAQ:TSCO – Get Rating) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,408 shares of the specialty retailer’s stock, valued at approximately $312,000.

Other large investors have also recently added to or reduced their stakes in the company. Wagner Wealth Management LLC acquired a new stake in Tractor Supply in the second quarter worth $30,000. Ronald Blue Trust Inc. bought a new position in shares of Tractor Supply in the second quarter worth $42,000. Guardian Wealth Advisors LLC bought a new position in shares of Tractor Supply in the third quarter worth $34,000. CoreFirst Bank & Trust bought a new position in shares of Tractor Supply in the second quarter worth $39,000. Finally, Trust Co. of Vermont grew its stake in shares of Tractor Supply by 90.1% in the third quarter. Trust Co. of Vermont now owns 211 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 100 shares in the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TSCO. The Goldman Sachs Group increased their price target on Tractor Supply from $213.00 to $238.00 and gave the stock a “buy” rating in a research note on Monday, December 12th. DA Davidson increased their price target on Tractor Supply from $215.00 to $219.00 and gave the stock a “neutral” rating in a research note on Monday, January 23rd. JPMorgan Chase & Co. increased their price target on Tractor Supply from $219.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, January 27th. Argus raised their target price on Tractor Supply from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, February 28th. Finally, BNP Paribas raised Tractor Supply from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 12th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $246.10.

Tractor Supply Trading Down 1.2 %

NASDAQ:TSCO opened at $232.44 on Friday. The company has a quick ratio of 0.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.59. Tractor Supply has a 1-year low of $166.49 and a 1-year high of $241.54. The firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.26 and a beta of 0.83. The stock has a fifty day simple moving average of $227.70 and a 200 day simple moving average of $214.70.

Tractor Supply (NASDAQ:TSCO – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The specialty retailer reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.08. Tractor Supply had a return on equity of 56.65% and a net margin of 7.66%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same quarter last year, the company posted $1.93 EPS. Tractor Supply’s revenue for the quarter was up 20.7% on a year-over-year basis. Sell-side analysts forecast that Tractor Supply will post 10.47 earnings per share for the current year.

Tractor Supply Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 14th. Investors of record on Monday, February 27th were paid a $1.03 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $0.92. This represents a $4.12 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Friday, February 24th. Tractor Supply’s dividend payout ratio is currently 42.43%.

Insider Buying and Selling

In related news, EVP Colin Yankee sold 653 shares of the stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $231.92, for a total value of $151,443.76. Following the completion of the sale, the executive vice president now directly owns 13,536 shares of the company’s stock, valued at approximately $3,139,269.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Harry A. Lawton III sold 20,067 shares of the stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $231.21, for a total value of $4,639,691.07. Following the completion of the sale, the chief executive officer now directly owns 84,734 shares of the company’s stock, valued at approximately $19,591,348.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Colin Yankee sold 653 shares of the stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $231.92, for a total value of $151,443.76. Following the completion of the sale, the executive vice president now directly owns 13,536 shares of the company’s stock, valued at $3,139,269.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,091 shares of company stock valued at $8,840,560. Corporate insiders own 0.70% of the company’s stock.

Tractor Supply Company Profile

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Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.