Cooke Wealth Management LLC Takes $1.09 Million Position in Tractor Supply Company $TSCO

Cooke Wealth Management LLC purchased a new position in Tractor Supply Company (NASDAQ:TSCO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 21,369 shares of the specialty retailer’s stock, valued at approximately $1,093,000. Tractor Supply makes up about 1.0% of Cooke Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in Tractor Supply by 1.6% during the third quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock valued at $1,474,736,000 after buying an additional 420,731 shares in the last quarter. State Street Corp increased its holdings in shares of Tractor Supply by 0.7% in the 2nd quarter. State Street Corp now owns 23,002,120 shares of the specialty retailer’s stock valued at $1,213,822,000 after acquiring an additional 150,392 shares during the last quarter. Select Equity Group L.P. raised its position in shares of Tractor Supply by 41.9% during the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after acquiring an additional 3,753,414 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Tractor Supply by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 5,619,107 shares of the specialty retailer’s stock valued at $319,559,000 after acquiring an additional 174,641 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Tractor Supply by 1.3% during the third quarter. Envestnet Asset Management Inc. now owns 4,629,713 shares of the specialty retailer’s stock worth $263,292,000 after purchasing an additional 60,035 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 1,884 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $53.81, for a total transaction of $101,378.04. Following the completion of the transaction, the chief financial officer directly owned 52,562 shares of the company’s stock, valued at approximately $2,828,361.22. This trade represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan S. Estep sold 59,745 shares of Tractor Supply stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $54.03, for a total value of $3,228,022.35. Following the transaction, the executive vice president owned 80,931 shares in the company, valued at approximately $4,372,701.93. This trade represents a 42.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 222,348 shares of company stock valued at $11,959,621 over the last three months. 0.65% of the stock is owned by company insiders.

Tractor Supply Stock Performance

Shares of TSCO opened at $43.82 on Monday. The firm has a 50-day moving average price of $50.50 and a 200 day moving average price of $52.61. The firm has a market capitalization of $23.05 billion, a PE ratio of 21.17, a P/E/G ratio of 2.19 and a beta of 0.75. The company has a quick ratio of 0.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.70. Tractor Supply Company has a 52-week low of $43.35 and a 52-week high of $63.99.

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

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.2%. Tractor Supply’s dividend payout ratio is presently 46.38%.

Analysts Set New Price Targets

A number of equities analysts have commented on TSCO shares. Citigroup reaffirmed a “buy” rating and issued a $61.00 price objective (down from $66.00) on shares of Tractor Supply in a report on Friday, January 16th. Zacks Research downgraded shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. The Goldman Sachs Group set a $59.00 price target on shares of Tractor Supply and gave the company a “buy” rating in a report on Friday, January 30th. Telsey Advisory Group dropped their price objective on shares of Tractor Supply from $70.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Finally, Guggenheim reissued a “buy” rating and issued a $65.00 target price on shares of Tractor Supply in a report on Thursday, January 22nd. Fifteen 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.78.

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.