Tractor Supply (NASDAQ:TSCO) Shares Sold by NorthRock Partners LLC

NorthRock Partners LLC lessened its holdings in Tractor Supply (NASDAQ:TSCO) by 24.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 726 shares of the specialty retailer’s stock after selling 233 shares during the period. NorthRock Partners LLC’s holdings in Tractor Supply were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of TSCO. Price T Rowe Associates Inc. MD lifted its position in Tractor Supply by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after buying an additional 368,859 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Tractor Supply by 2,921.4% in the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after acquiring an additional 345,402 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Tractor Supply by 11,952.8% in the 1st quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock worth $63,121,000 after acquiring an additional 239,176 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Tractor Supply by 29,058.6% during the 3rd quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock worth $67,865,000 after purchasing an additional 232,469 shares during the period. Finally, Employees Retirement System of Texas acquired a new stake in Tractor Supply in the 2nd quarter valued at approximately $38,070,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $288.95 on Thursday. The firm has a market capitalization of $31.17 billion, a P/E ratio of 28.11, a P/E/G ratio of 3.39 and a beta of 0.82. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a 52 week low of $193.60 and a 52 week high of $307.64. The firm’s 50 day moving average is $282.44 and its two-hundred day moving average is $274.43.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of research reports. Evercore ISI cut Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target on the stock. in a research note on Thursday, October 3rd. UBS Group raised their target price on Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Citigroup lowered shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 target price on shares of Tractor Supply in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $282.82.

Tractor Supply Profile

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.