Tractor Supply (NASDAQ:TSCO) Shares Sold by Savant Capital LLC

Savant Capital LLC trimmed its position in shares of Tractor Supply (NASDAQ:TSCO) by 24.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,367 shares of the specialty retailer’s stock after selling 441 shares during the period. Savant Capital LLC’s holdings in Tractor Supply were worth $294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. OFI Invest Asset Management acquired a new position in Tractor Supply during the 3rd quarter worth about $25,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Tractor Supply during the fourth quarter worth about $28,000. VisionPoint Advisory Group LLC boosted its stake in shares of Tractor Supply by 105.6% in the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 76 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Tractor Supply in the third quarter valued at approximately $33,000. Finally, Cetera Trust Company N.A purchased a new stake in Tractor Supply during the 4th quarter worth approximately $38,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $269.54 on Tuesday. The firm has a market cap 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 has a 52-week low of $185.00 and a 52-week high of $279.38. The business’s 50-day moving average price is $256.34 and its 200 day moving average price is $229.78. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83.

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. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the business posted $1.65 EPS. The company’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Tractor Supply will post 10.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the sale, the chief executive officer now owns 95,192 shares of the company’s stock, valued at $22,173,072.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the sale, the chief financial officer now owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Harry A. Lawton III sold 20,500 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the sale, the chief executive officer now owns 95,192 shares in the company, valued at $22,173,072.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,090 shares of company stock worth $21,201,877. 0.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TSCO has been the subject of several recent research reports. Wedbush reissued a “neutral” rating and issued a $235.00 price target on shares of Tractor Supply in a research report on Tuesday, April 23rd. Evercore ISI increased their price target on Tractor Supply from $275.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Raymond James boosted their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Stephens lowered shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $226.00 to $240.00 in a research note on Tuesday, January 23rd. Finally, Morgan Stanley lifted their price target on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $253.54.

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.