Moody National Bank Trust Division Purchases New Holdings in Tractor Supply (TSCO)
Moody National Bank Trust Division purchased a new stake in Tractor Supply (NASDAQ:TSCO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,960 shares of the specialty retailer’s stock, valued at approximately $221,000.
Several other institutional investors and hedge funds have also bought and sold shares of TSCO. Janus Henderson Group PLC lifted its holdings in shares of 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 buying an additional 2,960,119 shares during the period. Parametric Portfolio Associates LLC raised its holdings in Tractor Supply by 328.2% during the second quarter. Parametric Portfolio Associates LLC now owns 1,072,446 shares of the specialty retailer’s stock worth $58,137,000 after purchasing an additional 821,979 shares during the last quarter. Permian Investment Partners LP acquired a new position in Tractor Supply during the second quarter worth $38,901,000. Alyeska Investment Group L.P. acquired a new position in Tractor Supply during the third quarter worth $31,338,000. Finally, CWM LLC raised its holdings 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 purchasing an additional 479,885 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.
TSCO has been the subject of several research reports. TheStreet raised Tractor Supply from a “c+” rating to a “b” rating in a report on Wednesday, December 20th. Robert W. Baird set a $66.00 price objective on Tractor Supply and gave the stock a “buy” rating in a report on Thursday, October 26th. BidaskClub raised Tractor Supply from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Zacks Investment Research raised Tractor Supply from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Tuesday, December 26th. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Tractor Supply in a report on Wednesday, January 3rd. Sixteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $69.40.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. equities research analysts anticipate that Tractor Supply will post 3.29 EPS for the current year.
In other news, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.
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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