Bessemer Group Inc. Decreases Stake in Tractor Supply Company $TSCO

Bessemer Group Inc. lessened its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 30.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,896 shares of the specialty retailer’s stock after selling 16,018 shares during the period. Bessemer Group Inc.’s holdings in Tractor Supply were worth $2,099,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Tractor Supply by 1.6% during the second quarter. Vanguard Group Inc. now owns 67,679,109 shares of the specialty retailer’s stock worth $3,571,427,000 after buying an additional 1,047,687 shares in the last quarter. State Street Corp increased its stake in shares of Tractor Supply by 0.7% in the 2nd quarter. State Street Corp now owns 23,002,120 shares of the specialty retailer’s stock worth $1,213,822,000 after acquiring an additional 150,392 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Tractor Supply by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 15,367,775 shares of the specialty retailer’s stock worth $808,341,000 after acquiring an additional 316,595 shares during the period. Invesco Ltd. raised its holdings in shares of Tractor Supply by 123.4% during the 2nd quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock worth $795,735,000 after acquiring an additional 8,329,462 shares during the period. Finally, Select Equity Group L.P. boosted its position in shares of Tractor Supply by 41.9% during the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after acquiring an additional 3,753,414 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TSCO. Robert W. Baird raised their price objective on shares of Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Wells Fargo & Company restated an “overweight” rating and set a $65.00 price target on shares of Tractor Supply in a report on Thursday, October 23rd. Wolfe Research reiterated an “outperform” rating and issued a $57.00 price objective on shares of Tractor Supply in a report on Friday, January 30th. Jefferies Financial Group cut their target price on Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, Morgan Stanley reduced their target price on Tractor Supply from $60.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Friday, January 30th. Fifteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.78.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III sold 84,670 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $53.16, for a total transaction of $4,501,057.20. Following the sale, the chief executive officer directly owned 606,842 shares in the company, valued at $32,259,720.72. This represents a 12.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.65% of the stock is currently owned by company insiders.

Tractor Supply Trading Up 2.1%

Shares of NASDAQ TSCO opened at $55.61 on Monday. The company has a current ratio of 1.34, a quick ratio of 0.16 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $29.38 billion, a PE ratio of 26.86, a PEG ratio of 2.79 and a beta of 0.74. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99. The stock has a fifty day simple moving average of $52.31 and a 200-day simple moving average of $55.55.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. On average, equities analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Company 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.