Candriam S.C.A. Has $8.10 Million Stock Position in Tractor Supply (NASDAQ:TSCO)

Candriam S.C.A. boosted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 508.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,673 shares of the specialty retailer’s stock after buying an additional 127,568 shares during the period. Candriam S.C.A.’s holdings in Tractor Supply were worth $8,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Freestone Capital Holdings LLC increased its position in Tractor Supply by 408.3% in the 4th quarter. Freestone Capital Holdings LLC now owns 60,573 shares of the specialty retailer’s stock worth $3,214,000 after purchasing an additional 48,656 shares during the last quarter. Ethos Financial Group LLC increased its position in Tractor Supply by 402.6% in the 4th quarter. Ethos Financial Group LLC now owns 5,860 shares of the specialty retailer’s stock worth $311,000 after purchasing an additional 4,694 shares during the last quarter. Lindbrook Capital LLC boosted its stake in shares of Tractor Supply by 401.1% during the 4th quarter. Lindbrook Capital LLC now owns 2,260 shares of the specialty retailer’s stock worth $120,000 after acquiring an additional 1,809 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Tractor Supply during the 4th quarter worth about $329,458,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Tractor Supply by 401.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 95,585 shares of the specialty retailer’s stock worth $5,072,000 after acquiring an additional 76,529 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on TSCO shares. Truist Financial decreased their price target on Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company decreased their price target on Tractor Supply from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. JPMorgan Chase & Co. increased their target price on Tractor Supply from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Mizuho increased their target price on Tractor Supply from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, Barclays decreased their target price on Tractor Supply from $262.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, December 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average price target of $59.22.

Tractor Supply Trading Up 4.2 %

Shares of TSCO opened at $56.89 on Friday. Tractor Supply has a 1 year low of $48.30 and a 1 year high of $61.53. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82. The stock has a 50 day simple moving average of $55.06 and a 200-day simple moving average of $55.70. The stock has a market cap of $30.38 billion, a PE ratio of 27.89, a PEG ratio of 2.95 and a beta of 0.85.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($1.84). Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. On average, sell-side analysts predict that Tractor Supply will post 2.17 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 6.47%. This is a boost from Tractor Supply’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, February 26th. Tractor Supply’s dividend payout ratio (DPR) is currently 45.10%.

Tractor Supply declared that its Board of Directors has approved a share buyback plan on Thursday, February 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 3,850 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $57.69, for a total value of $222,106.50. Following the transaction, the senior vice president now directly owns 31,787 shares in the company, valued at approximately $1,833,792.03. This trade represents a 10.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Melissa Kersey sold 9,300 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $53.17, for a total value of $494,481.00. Following the completion of the transaction, the executive vice president now owns 34,961 shares in the company, valued at $1,858,876.37. The trade was a 21.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,993 shares of company stock valued at $7,538,068 in the last three months. Corporate insiders own 0.24% of the company’s stock.

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.