First National Bank of Omaha Makes New Investment in Tractor Supply Company $TSCO

First National Bank of Omaha purchased a new stake in Tractor Supply Company (NASDAQ:TSCO) in the third quarter, according to its most recent filing with the SEC. The fund purchased 89,131 shares of the specialty retailer’s stock, valued at approximately $5,069,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GPS Wealth Strategies Group LLC boosted its holdings in Tractor Supply by 1.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 17,908 shares of the specialty retailer’s stock worth $945,000 after purchasing an additional 175 shares during the period. Financial Network Wealth Advisors LLC lifted its position in shares of Tractor Supply by 8.0% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 2,465 shares of the specialty retailer’s stock worth $140,000 after buying an additional 182 shares during the last quarter. Perigon Wealth Management LLC lifted its position in shares of Tractor Supply by 0.6% in the 3rd quarter. Perigon Wealth Management LLC now owns 34,036 shares of the specialty retailer’s stock worth $1,936,000 after buying an additional 200 shares during the last quarter. Colonial Trust Advisors boosted its holdings in shares of Tractor Supply by 1.3% in the 2nd quarter. Colonial Trust Advisors now owns 16,489 shares of the specialty retailer’s stock valued at $870,000 after buying an additional 214 shares during the period. Finally, Johnson Investment Counsel Inc. grew its position in shares of Tractor Supply by 1.7% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 12,771 shares of the specialty retailer’s stock valued at $726,000 after buying an additional 219 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $52.69 on Wednesday. Tractor Supply Company has a 12-month low of $46.85 and a 12-month high of $63.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 0.16. The firm has a market capitalization of $27.84 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 2.76 and a beta of 0.74. The business has a 50 day simple moving average of $52.40 and a 200 day simple moving average of $55.35.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.03). Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the previous year, the firm earned $0.44 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This is an increase from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 1.8%. Tractor Supply’s dividend payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a report on Monday, December 29th. Evercore reaffirmed an “outperform” rating and set a $60.00 target price on shares of Tractor Supply in a report on Friday, January 30th. Telsey Advisory Group cut their price target on Tractor Supply from $70.00 to $63.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Gordon Haskett lowered Tractor Supply from an “accumulate” rating to a “hold” rating and reduced their price objective for the company from $57.00 to $50.00 in a research report on Thursday, January 8th. Finally, The Goldman Sachs Group set a $59.00 price objective on Tractor Supply and gave the stock a “buy” rating in a research note on Friday, January 30th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Tractor Supply has an average rating of “Moderate Buy” and a consensus target price of $59.78.

Insider Transactions at Tractor Supply

In other news, EVP Robert D. Mills sold 62,950 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $54.12, for a total value of $3,406,854.00. Following the completion of the sale, the executive vice president directly owned 122,834 shares of the company’s stock, valued at approximately $6,647,776.08. This represents a 33.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jonathan S. Estep sold 59,745 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $54.03, for a total transaction of $3,228,022.35. Following the completion of the transaction, the executive vice president owned 80,931 shares of the company’s stock, valued at $4,372,701.93. This trade represents a 42.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 222,348 shares of company stock worth $11,959,621 over the last ninety days. Insiders own 0.65% of the company’s stock.

Tractor Supply Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.