Tractor Supply Company $TSCO Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,017,605 shares of the specialty retailer’s stock after selling 37,388 shares during the quarter. Principal Financial Group Inc. owned approximately 0.19% of Tractor Supply worth $57,871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSCO. Delos Wealth Advisors LLC acquired a new position in Tractor Supply in the second quarter worth $26,000. Financial Gravity Companies Inc. bought a new stake in shares of Tractor Supply during the 2nd quarter worth about $38,000. Clayton Financial Group LLC acquired a new stake in Tractor Supply in the third quarter worth approximately $44,000. First Horizon Corp acquired a new position in Tractor Supply during the third quarter worth about $44,000. Finally, Evelyn Partners Asset Management Ltd bought a new stake in shares of Tractor Supply in the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO opened at $55.28 on Thursday. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The firm has a market cap of $29.21 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 2.68 and a beta of 0.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.16 and a current ratio of 1.34. The business has a fifty day moving average of $52.30 and a 200-day moving average of $55.62.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share. On average, equities research analysts predict that Tractor Supply Company will post 2.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TSCO shares. The Goldman Sachs Group set a $59.00 target price on Tractor Supply and gave the company a “buy” rating in a report on Friday, January 30th. TD Cowen dropped their price objective on Tractor Supply from $55.00 to $53.00 and set a “hold” rating on the stock in a report on Friday, January 30th. UBS Group set a $55.00 price objective on Tractor Supply in a report on Friday, January 30th. Jefferies Financial Group dropped their price objective on Tractor Supply from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Finally, Truist Financial set a $55.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a report on Friday, January 16th. Fifteen equities research 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 presently has an average rating of “Moderate Buy” and a consensus price target of $59.78.

Tractor Supply Profile

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.