First National Bank of Omaha Invests $5.07 Million in Tractor Supply Company $TSCO

First National Bank of Omaha acquired a new stake in Tractor Supply Company (NASDAQ:TSCO) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 89,131 shares of the specialty retailer’s stock, valued at approximately $5,069,000.

Several other large investors have also bought and sold shares of TSCO. Invesco Ltd. lifted its holdings in Tractor Supply by 123.4% in the 2nd quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock valued at $795,735,000 after acquiring an additional 8,329,462 shares during the last quarter. Norges Bank acquired a new position in shares of Tractor Supply in the 2nd quarter worth approximately $274,959,000. Select Equity Group L.P. raised its holdings in shares of Tractor Supply by 41.9% in the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after purchasing an additional 3,753,414 shares in the last quarter. AXA S.A. lifted its stake in Tractor Supply by 418.2% during the second quarter. AXA S.A. now owns 2,459,895 shares of the specialty retailer’s stock valued at $129,809,000 after purchasing an additional 1,985,168 shares during the last quarter. Finally, Soundwatch Capital LLC bought a new stake in Tractor Supply during the second quarter worth approximately $81,025,000. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Down 4.3%

Shares of NASDAQ TSCO opened at $52.69 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.16 and a debt-to-equity ratio of 0.70. Tractor Supply Company has a one year low of $46.85 and a one year high of $63.99. The business has a 50-day moving average price of $52.40 and a two-hundred day moving average price of $55.35. The firm has a market capitalization of $27.84 billion, a PE ratio of 25.45, a PEG ratio of 2.76 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $4.03 billion. Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. Tractor Supply’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. As a group, analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

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

Analysts Set New Price Targets

TSCO has been the topic of several research reports. Jefferies Financial Group dropped their price target on Tractor Supply from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Mizuho decreased their target price on Tractor Supply from $65.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, January 30th. Zacks Research lowered Tractor Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Argus reduced their target price on Tractor Supply from $67.00 to $64.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Finally, Wolfe Research reissued an “outperform” rating and issued a $57.00 price target on shares of Tractor Supply in a research note on Friday, January 30th. Fifteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus price target of $59.78.

Insider Activity at Tractor Supply

In related news, EVP Robert D. Mills sold 62,950 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the completion of the sale, the executive vice president directly owned 122,834 shares in the company, valued at approximately $6,647,776.08. This trade represents a 33.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Harry A. Lawton III sold 84,670 shares of Tractor Supply stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $53.16, for a total value of $4,501,057.20. Following the sale, the chief executive officer directly owned 606,842 shares of the company’s stock, valued at approximately $32,259,720.72. The trade was a 12.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 222,348 shares of company stock worth $11,959,621. 0.65% of the stock is currently owned by company insiders.

About Tractor Supply

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.