Russell Investments Group Ltd. Acquires 3,468 Shares of Tractor Supply (NASDAQ:TSCO)

Russell Investments Group Ltd. boosted its holdings in Tractor Supply (NASDAQ:TSCO) by 8.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,667 shares of the specialty retailer’s stock after purchasing an additional 3,468 shares during the quarter. Russell Investments Group Ltd.’s holdings in Tractor Supply were worth $9,394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Citizens National Bank Trust Department raised its stake in Tractor Supply by 0.5% during the fourth quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock valued at $2,086,000 after purchasing an additional 45 shares in the last quarter. Allen Capital Group LLC lifted its holdings in shares of Tractor Supply by 0.6% in the 3rd quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer’s stock valued at $1,805,000 after acquiring an additional 53 shares during the last quarter. Fidelis Capital Partners LLC grew its position in Tractor Supply by 5.0% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock worth $240,000 after acquiring an additional 53 shares in the last quarter. Scotia Capital Inc. increased its stake in Tractor Supply by 2.5% during the third quarter. Scotia Capital Inc. now owns 2,177 shares of the specialty retailer’s stock worth $442,000 after acquiring an additional 54 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its position in Tractor Supply by 0.6% during the third quarter. Aptus Capital Advisors LLC now owns 10,347 shares of the specialty retailer’s stock valued at $2,101,000 after purchasing an additional 66 shares during the period. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TSCO. Truist Financial boosted their target price on Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Robert W. Baird lifted their price target on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Piper Sandler increased their price objective on shares of Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Barclays boosted their target price on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Finally, Raymond James raised their price target on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $253.54.

Insider Buying and Selling at Tractor Supply

In other news, EVP Jonathan S. Estep sold 7,120 shares of Tractor Supply stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the completion of the sale, the executive vice president now directly owns 13,605 shares in the company, valued at $3,159,897.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Jonathan S. Estep sold 7,120 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $232.26, for a total value of $1,653,691.20. Following the completion of the transaction, the executive vice president now directly owns 13,605 shares in the company, valued at $3,159,897.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the sale, the chief financial officer now owns 20,678 shares in the company, valued at approximately $5,314,246. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,090 shares of company stock worth $21,201,877. 0.58% of the stock is owned by corporate insiders.

Tractor Supply Stock Down 0.2 %

NASDAQ:TSCO opened at $269.54 on Tuesday. The company’s 50-day simple moving average is $256.34 and its 200-day simple moving average is $229.78. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $279.38. The stock has a market capitalization of $29.09 billion, a P/E ratio of 26.25, a P/E/G ratio of 3.41 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. Tractor Supply’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $1.65 earnings per share. On average, equities analysts anticipate that Tractor Supply will post 10.3 earnings per share for the current fiscal year.

Tractor Supply Company 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.