Spire Wealth Management Has $5.53 Million Position in Tractor Supply (NASDAQ:TSCO)

Spire Wealth Management boosted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,918 shares of the specialty retailer’s stock after buying an additional 4,154 shares during the period. Spire Wealth Management’s holdings in Tractor Supply were worth $5,526,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TSCO. Wellington Management Group LLP boosted its stake in Tractor Supply by 9,370.6% during the third quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock worth $573,038,000 after buying an additional 2,792,352 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Tractor Supply by 76.7% in the 3rd quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer’s stock valued at $411,010,000 after purchasing an additional 878,874 shares in the last quarter. Alecta Tjanstepension Omsesidigt boosted its stake in shares of Tractor Supply by 87.5% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 750,000 shares of the specialty retailer’s stock valued at $161,272,000 after purchasing an additional 350,000 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Tractor Supply by 32,987.5% in the 4th quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock valued at $58,128,000 after purchasing an additional 269,508 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Tractor Supply by 22.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,148,340 shares of the specialty retailer’s stock valued at $233,170,000 after purchasing an additional 210,131 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the sale, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Tractor Supply news, EVP Colin Yankee sold 8,675 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the completion of the transaction, the executive vice president now owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kurt D. Barton sold 4,335 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the transaction, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The disclosure for this sale can be found here. In the last three months, insiders sold 90,090 shares of company stock valued at $21,201,877. 0.24% of the stock is owned by corporate insiders.

Tractor Supply Trading Down 0.2 %

Shares of TSCO stock traded down $0.67 on Monday, reaching $269.54. The company had a trading volume of 681,669 shares, compared to its average volume of 1,167,594. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The stock has a market cap of $29.09 billion, a PE ratio of 26.31, a PEG ratio of 3.41 and a beta of 0.82. The company has a 50-day moving average of $255.80 and a 200-day moving average of $229.30. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $279.38.

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

Analysts Set New Price Targets

Several brokerages have recently commented on TSCO. Raymond James boosted their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Mizuho restated a “neutral” rating and issued a $250.00 target price (up previously from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. TD Cowen boosted their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Evercore ISI upped their price target on shares of Tractor Supply from $275.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Morgan Stanley upped their price target on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $253.54.

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.