Fielder Capital Group LLC Takes Position in Tractor Supply (NASDAQ:TSCO)

Fielder Capital Group LLC bought a new position in Tractor Supply (NASDAQ:TSCO) in the fourth quarter, Holdings Channel.com reports. The firm bought 2,648 shares of the specialty retailer’s stock, valued at approximately $569,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of Tractor Supply by 9,370.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock valued at $573,038,000 after acquiring an additional 2,792,352 shares during the last quarter. Invesco Ltd. lifted its position in Tractor Supply by 76.7% during the third 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 during the period. Alecta Tjanstepension Omsesidigt boosted its holdings in Tractor Supply by 87.5% in the fourth 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 during the last quarter. International Assets Investment Management LLC grew its position in Tractor Supply by 32,987.5% during the 4th quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock worth $58,128,000 after purchasing an additional 269,508 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Tractor Supply by 22.4% during 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 buying an additional 210,131 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity

In related news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the completion of the sale, the chief financial officer now owns 25,013 shares in the company, valued at approximately $5,804,516.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the completion of the sale, the chief financial officer now owns 25,013 shares in the company, valued at $5,804,516.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the transaction, the chief financial officer now owns 20,678 shares in the company, valued at approximately $5,314,246. The disclosure for this sale can be found here. Insiders have sold 90,090 shares of company stock valued at $21,201,877 in the last ninety days. 0.58% of the stock is currently owned by company insiders.

Tractor Supply Stock Performance

TSCO traded up $0.59 on Tuesday, reaching $270.13. The company had a trading volume of 639,082 shares, compared to its average volume of 1,161,587. The stock has a 50-day moving average price of $256.34 and a 200-day moving average price of $229.78. The stock has a market capitalization of $29.16 billion, a PE ratio of 26.25, a P/E/G ratio of 3.41 and a beta of 0.82. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $279.38. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. The firm 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%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 EPS. As a group, research analysts forecast that Tractor Supply will post 10.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on TSCO. UBS Group increased their price objective on shares of Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. The Goldman Sachs Group lifted their price target on Tractor Supply from $230.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley lifted their target price on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research note on Friday, April 26th. Robert W. Baird increased their target price on shares of Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Evercore ISI boosted 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.