Shine Investment Advisory Services Inc. reduced its position in shares of Tractor Supply (NASDAQ:TSCO) by 42.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 438 shares of the specialty retailer’s stock after selling 326 shares during the period. Shine Investment Advisory Services Inc.’s holdings in Tractor Supply were worth $43,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Bruderman Asset Management LLC acquired a new stake in shares of Tractor Supply in the fourth quarter worth approximately $25,000. Cordasco Financial Network boosted its position in shares of Tractor Supply by 53.6% in the fourth quarter. Cordasco Financial Network now owns 338 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 118 shares during the last quarter. Rational Advisors LLC boosted its position in shares of Tractor Supply by 570.9% in the fourth quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 314 shares during the last quarter. Liberty Wealth Management LLC acquired a new stake in shares of Tractor Supply in the fourth quarter worth approximately $31,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Tractor Supply in the fourth quarter worth approximately $33,000. 82.26% of the stock is currently owned by institutional investors.
TSCO has been the topic of several research analyst reports. BidaskClub raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, March 26th. Bank of America reaffirmed a “neutral” rating and set a $90.00 price target (down from $95.00) on shares of Tractor Supply in a research report on Wednesday, January 9th. Wells Fargo & Co reaffirmed a “buy” rating and set a $102.00 price target on shares of Tractor Supply in a research report on Monday, February 11th. Gordon Haskett raised shares of Tractor Supply from an “accumulate” rating to a “buy” rating in a research report on Thursday, March 21st. Finally, Zacks Investment Research reaffirmed a “hold” rating and set a $90.00 price target on shares of Tractor Supply in a research report on Monday, December 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Tractor Supply presently has a consensus rating of “Buy” and a consensus price target of $95.78.
Shares of NASDAQ:TSCO opened at $105.18 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 0.22. The firm has a market capitalization of $12.65 billion, a P/E ratio of 24.40, a P/E/G ratio of 1.98 and a beta of 1.10. Tractor Supply has a 12-month low of $58.50 and a 12-month high of $105.82.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, January 31st. The specialty retailer reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.02. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.10 billion. Tractor Supply had a net margin of 6.73% and a return on equity of 36.86%. Equities research analysts predict that Tractor Supply will post 4.71 earnings per share for the current year.
In other Tractor Supply news, EVP Benjamin F. Parrish, Jr. sold 37,596 shares of Tractor Supply stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $99.00, for a total value of $3,722,004.00. Following the completion of the transaction, the executive vice president now owns 26,549 shares of the company’s stock, valued at $2,628,351. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Steve K. Barbarick sold 47,011 shares of Tractor Supply stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $97.83, for a total transaction of $4,599,086.13. Following the completion of the transaction, the chief operating officer now directly owns 108,905 shares of the company’s stock, valued at approximately $10,654,176.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 271,702 shares of company stock valued at $27,041,691. Insiders own 1.50% of the company’s stock.
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Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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