985 Shares in Tractor Supply (NASDAQ:TSCO) Purchased by Patrick M Sweeney & Associates Inc.

Patrick M Sweeney & Associates Inc. bought a new stake in shares of Tractor Supply (NASDAQ:TSCO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 985 shares of the specialty retailer’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently made changes to their positions in the business. Stratos Wealth Advisors LLC acquired a new stake in Tractor Supply in the 3rd quarter valued at about $202,000. Mackenzie Financial Corp raised its holdings in Tractor Supply by 2.5% in the third quarter. Mackenzie Financial Corp now owns 20,640 shares of the specialty retailer’s stock valued at $4,201,000 after acquiring an additional 498 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in Tractor Supply by 6.5% in the third quarter. IFM Investors Pty Ltd now owns 24,735 shares of the specialty retailer’s stock worth $5,022,000 after acquiring an additional 1,509 shares during the last quarter. NBT Bank N A NY acquired a new position in Tractor Supply during the 3rd quarter worth approximately $260,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Tractor Supply in the 3rd quarter valued at approximately $554,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity at Tractor Supply

In other news, EVP Robert D. Mills sold 48,334 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the transaction, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Harry A. Lawton III sold 20,500 shares of the stock in a transaction that occurred on 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 directly owns 95,192 shares in the company, valued at $22,173,072.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the transaction, the executive vice president now directly owns 22,167 shares in the company, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock worth $21,201,877 over the last three months. 0.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TSCO has been the subject of several recent analyst reports. Telsey Advisory Group lifted their price objective on shares of Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Morgan Stanley upped their price objective on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research report on Friday, April 26th. Mizuho reiterated a “neutral” rating and issued a $250.00 price objective (up previously from $245.00) on shares of Tractor Supply in a report on Friday, April 26th. Raymond James boosted their target price on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Guggenheim increased their price target on shares of Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Tractor Supply has an average rating of “Hold” and an average target price of $253.54.

Tractor Supply Stock Performance

Tractor Supply stock traded up $0.59 during trading hours on Tuesday, reaching $270.13. 639,082 shares of the stock were exchanged, compared to its average volume of 1,161,608. The stock has a market cap of $29.16 billion, a P/E ratio of 26.25, a P/E/G ratio of 3.41 and a beta of 0.82. The firm’s 50 day moving average is $256.34 and its 200 day moving average is $229.78. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $279.38.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the prior year, the company posted $1.65 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts predict that Tractor Supply will post 10.3 EPS for the current fiscal year.

About Tractor Supply

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.