Tractor Supply (NASDAQ:TSCO) Shares Acquired by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. increased its stake in shares of Tractor Supply ( NASDAQ:TSCO – Free Report ) by 379.3% in the fourth quarter, according to its most recent 13F filing with the SEC.

The firm owned 6,250 shares of the specialty retailer’s stock after purchasing an additional 4,946 shares during the period. Summit Investment Advisors Inc.’s holdings in Tractor Supply were worth $332,000 at the end of the most recent reporting period.



Several other institutional investors have also recently added to or reduced their stakes in the stock. Synovus Financial Corp boosted its position in shares of Tractor Supply by 389.4% during the fourth quarter.

Synovus Financial Corp now owns 11,965 shares of the specialty retailer’s stock worth $635,000 after buying an additional 9,520 shares during the period. WealthTrust Axiom LLC boosted its holdings in Tractor Supply by 398.5% during the 4th quarter.

WealthTrust Axiom LLC now owns 14,228 shares of the specialty retailer’s stock valued at $755,000 after acquiring an additional 11,374 shares during the period. Advisors Capital Management LLC grew its position in Tractor Supply by 570.2% in the 4th quarter.

Advisors Capital Management LLC now owns 17,378 shares of the specialty retailer’s stock valued at $922,000 after acquiring an additional 14,785 shares in the last quarter. Seeds Investor LLC increased its stake in Tractor Supply by 358.2% during the fourth quarter.

Seeds Investor LLC now owns 5,837 shares of the specialty retailer’s stock worth $310,000 after purchasing an additional 4,563 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Tractor Supply during the fourth quarter worth about $1,749,000. Institutional investors and hedge funds own 98.

72% of the company’s stock. Analyst Ratings Changes TSCO has been the subject of a number of research reports. Bank of America lifted their price objective on shares of Tractor Supply from $44.

00 to $53.00 and gave the company an “underperform” rating in a report on Thursday, January 16th. JPMorgan Chase & Co.

increased their price objective on Tractor Supply from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, January 31st.

Telsey Advisory Group reissued an “outperform” rating and set a $67.00 target price on shares of Tractor Supply in a research note on Thursday. Stephens initiated coverage on Tractor Supply in a research report on Wednesday, April 9th.

They issued an “equal weight” rating and a $56.00 price target on the stock. Finally, Guggenheim reiterated a “buy” rating and issued a $60.

00 price objective on shares of Tractor Supply in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and a consensus target price of $59.

07. Insider Activity at Tractor Supply In other Tractor Supply news, CEO Harry A. Lawton III sold 88,095 shares of Tractor Supply stock in a transaction that occurred on Monday, February 3rd.

The stock was sold at an average price of $54.59, for a total value of $4,809,106.05.

Following the transaction, the chief executive officer now directly owns 488,852 shares in the company, valued at approximately $26,686,430.68. This trade represents a 15.

27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, EVP Melissa Kersey sold 9,300 shares of the company’s stock in a transaction that occurred on Thursday, February 6th.

The stock was sold at an average price of $53.17, for a total value of $494,481.00.

Following the sale, the executive vice president now owns 34,961 shares of the company’s stock, valued at $1,858,876.37. This trade represents a 21.

01 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 137,993 shares of company stock worth $7,538,068 in the last quarter.

Company insiders own 0.65% of the company’s stock. Tractor Supply Trading Up 1.

5 % TSCO opened at $50.11 on Monday. The company has a quick ratio of 0.

20, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Tractor Supply has a 52 week low of $46.97 and a 52 week high of $61.53.

The business’s 50 day moving average is $53.74 and its two-hundred day moving average is $55.07.

The firm has a market cap of $26.64 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 2.

95 and a beta of 0.88. Tractor Supply ( NASDAQ:TSCO – Get Free Report ) last announced its earnings results on Thursday, January 30th.

The specialty retailer reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($1.

84). Tractor Supply had a net margin of 7.40% and a return on equity of 49.

01%. On average, research analysts predict that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply Increases Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 26th were issued a dividend of $0.92 per share.

The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 7.

34%. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.22.

Tractor Supply’s dividend payout ratio (DPR) is currently 45.10%. Tractor Supply declared that its Board of Directors has initiated a share repurchase program on Thursday, February 13th that permits the company to buyback $1.

00 billion in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 3.3% of its stock through open market purchases.

Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued. Tractor Supply Company Profile ( Free Report ) 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.

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