Capital Asset Advisory Services LLC Makes New Investment in Tractor Supply (NASDAQ:TSCO)

Capital Asset Advisory Services LLC purchased a new stake in shares of Tractor Supply (NASDAQ:TSCO) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,138 shares of the specialty retailer’s stock, valued at approximately $160,000.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Tractor Supply by 18.4% during the 4th quarter. BlackRock Inc. now owns 11,001,045 shares of the specialty retailer’s stock valued at $1,546,527,000 after buying an additional 1,712,525 shares during the last quarter. Select Equity Group L.P. lifted its holdings in shares of Tractor Supply by 56.5% during the 4th quarter. Select Equity Group L.P. now owns 3,505,334 shares of the specialty retailer’s stock valued at $492,780,000 after buying an additional 1,265,191 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Tractor Supply by 1.5% during the 4th quarter. Wells Fargo & Company MN now owns 1,429,909 shares of the specialty retailer’s stock valued at $201,016,000 after buying an additional 20,489 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Tractor Supply by 1,024.2% during the 4th quarter. First Trust Advisors LP now owns 1,140,916 shares of the specialty retailer’s stock valued at $160,390,000 after buying an additional 1,039,430 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Tractor Supply by 3.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,034,914 shares of the specialty retailer’s stock valued at $145,488,000 after buying an additional 36,364 shares during the last quarter. Institutional investors and hedge funds own 88.26% of the company’s stock.

In related news, EVP John P. Ordus sold 14,047 shares of the company’s stock in a transaction dated Friday, January 15th. The stock was sold at an average price of $159.75, for a total value of $2,244,008.25. Following the completion of the sale, the executive vice president now owns 9,584 shares in the company, valued at $1,531,044. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christi C. Korzekwa sold 3,585 shares of the company’s stock in a transaction dated Wednesday, February 17th. The shares were sold at an average price of $165.00, for a total value of $591,525.00. Following the completion of the sale, the senior vice president now owns 14,976 shares of the company’s stock, valued at approximately $2,471,040. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

TSCO has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on Tractor Supply from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Credit Suisse Group restated a “hold” rating on shares of Tractor Supply in a research report on Thursday, April 1st. The Goldman Sachs Group boosted their price objective on Tractor Supply from $170.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, February 25th. Telsey Advisory Group boosted their price objective on Tractor Supply from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, January 29th. Finally, Royal Bank of Canada boosted their price objective on Tractor Supply from $168.00 to $175.00 in a research report on Thursday, January 21st. Eighteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Tractor Supply has an average rating of “Hold” and an average target price of $150.08.

Shares of TSCO opened at $177.06 on Thursday. The company has a quick ratio of 0.59, a current ratio of 1.49 and a debt-to-equity ratio of 0.30. Tractor Supply has a 12-month low of $85.22 and a 12-month high of $180.85. The firm has a market capitalization of $20.57 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 2.03 and a beta of 0.96. The stock’s fifty day simple moving average is $168.64 and its 200-day simple moving average is $149.80.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, January 27th. The specialty retailer reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.72 billion. Tractor Supply had a return on equity of 46.65% and a net margin of 7.62%. The firm’s revenue was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 earnings per share. Analysts anticipate that Tractor Supply will post 6.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 9th. Investors of record on Monday, February 22nd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Friday, February 19th. This is an increase from Tractor Supply’s previous quarterly dividend of $0.40. Tractor Supply’s dividend payout ratio is currently 44.44%.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

Further Reading: How is diluted EPS different from basic EPS?

Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply (NASDAQ:TSCO).

Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.