Trust Co. of Virginia VA bought a new stake in Tractor Supply (NASDAQ:TSCO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,750 shares of the specialty retailer’s stock, valued at approximately $230,000.
Several other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in shares of Tractor Supply by 219.8% in the 2nd quarter. Pacer Advisors Inc. now owns 9,986 shares of the specialty retailer’s stock valued at $1,316,000 after buying an additional 6,863 shares in the last quarter. Cornerstone Advisors Inc. boosted its holdings in shares of Tractor Supply by 12.4% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,501 shares of the specialty retailer’s stock valued at $198,000 after buying an additional 165 shares in the last quarter. First Quadrant L P CA boosted its holdings in shares of Tractor Supply by 8,216.8% in the 2nd quarter. First Quadrant L P CA now owns 15,303 shares of the specialty retailer’s stock valued at $2,017,000 after buying an additional 15,119 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of Tractor Supply by 16.8% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 11,428 shares of the specialty retailer’s stock valued at $1,506,000 after buying an additional 1,643 shares in the last quarter. Finally, DAVENPORT & Co LLC acquired a new position in shares of Tractor Supply in the 2nd quarter valued at $262,000. Institutional investors and hedge funds own 84.57% of the company’s stock.
In other Tractor Supply news, SVP Christi C. Korzekwa sold 17,102 shares of Tractor Supply stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $110.00, for a total value of $1,881,220.00. Following the completion of the transaction, the senior vice president now owns 15,889 shares of the company’s stock, valued at $1,747,790. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Edna Morris sold 5,000 shares of Tractor Supply stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $144.46, for a total transaction of $722,300.00. Following the completion of the transaction, the director now directly owns 4,676 shares of the company’s stock, valued at approximately $675,494.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 249,401 shares of company stock valued at $26,732,395. 1.50% of the stock is currently owned by corporate insiders.
A number of analysts recently weighed in on TSCO shares. Morgan Stanley cut shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $145.00 to $155.00 in a research note on Friday, July 24th. Robert W. Baird increased their price target on shares of Tractor Supply from $130.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Stephens increased their price target on shares of Tractor Supply from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Barclays initiated coverage on shares of Tractor Supply in a research report on Monday, July 27th. They set an “overweight” rating and a $155.00 price objective for the company. Finally, Wedbush upped their price objective on shares of Tractor Supply from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Seventeen investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $131.31.
Shares of NASDAQ:TSCO opened at $142.74 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.62 and a debt-to-equity ratio of 1.57. The company has a fifty day simple moving average of $134.23 and a 200 day simple moving average of $105.95. The firm has a market cap of $16.58 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 1.82 and a beta of 1.03. Tractor Supply has a 12-month low of $63.89 and a 12-month high of $154.48.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.28. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.01 billion. Tractor Supply had a net margin of 7.40% and a return on equity of 45.25%. The business’s revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 earnings per share. As a group, equities research analysts forecast that Tractor Supply will post 6.18 EPS for the current fiscal year.
Tractor Supply Profile
Tractor Supply Company operates rural lifestyle retail stores 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.
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