Tractor Supply (TSCO) Shares Sold by Davis R M Inc.

Davis R M Inc. reduced its position in Tractor Supply (NASDAQ:TSCO) by 18.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,695 shares of the specialty retailer’s stock after selling 12,235 shares during the period. Davis R M Inc.’s holdings in Tractor Supply were worth $4,163,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSCO. Janus Henderson Group PLC increased its stake in Tractor Supply by 138.6% in the 3rd quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock valued at $322,558,000 after purchasing an additional 2,960,119 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Tractor Supply by 328.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,072,446 shares of the specialty retailer’s stock valued at $58,137,000 after purchasing an additional 821,979 shares in the last quarter. Permian Investment Partners LP purchased a new position in Tractor Supply in the 2nd quarter valued at approximately $38,901,000. Alyeska Investment Group L.P. purchased a new position in Tractor Supply during the third quarter worth $31,338,000. Finally, CWM LLC increased its position in Tractor Supply by 106,641.1% during the fourth quarter. CWM LLC now owns 480,335 shares of the specialty retailer’s stock worth $35,905,000 after buying an additional 479,885 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

In other news, CMO Steve K. Barbarick sold 43,076 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Several equities analysts have weighed in on the company. Guggenheim reissued a “buy” rating and set a $88.00 price target on shares of Tractor Supply in a research report on Tuesday. Stephens reissued a “hold” rating and set a $79.00 price target on shares of Tractor Supply in a research report on Wednesday. Piper Jaffray Companies reissued a “hold” rating and set a $57.00 price target on shares of Tractor Supply in a research report on Friday, September 29th. Zacks Investment Research raised Tractor Supply from a “hold” rating to a “strong-buy” rating and set a $89.00 price target for the company in a research report on Monday, January 8th. Finally, Wedbush downgraded Tractor Supply from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $72.00 to $80.00 in a research report on Thursday, January 11th. Sixteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $69.40.

Shares of Tractor Supply (NASDAQ TSCO) opened at $79.18 on Wednesday. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $80.93. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $9,940.00, a price-to-earnings ratio of 23.50, a PEG ratio of 1.52 and a beta of 1.31.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. research analysts expect that Tractor Supply will post 3.29 EPS for the current fiscal year.

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Tractor Supply Company Profile

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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