Thrivent Financial for Lutherans Purchases 16,390 Shares of Tractor Supply Company $TSCO

Thrivent Financial for Lutherans lifted its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 11.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 165,713 shares of the specialty retailer’s stock after purchasing an additional 16,390 shares during the period. Thrivent Financial for Lutherans’ holdings in Tractor Supply were worth $9,424,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Southern Capital Advisors LLC increased its position in Tractor Supply by 0.5% in the 3rd quarter. Southern Capital Advisors LLC now owns 52,689 shares of the specialty retailer’s stock valued at $2,996,000 after acquiring an additional 255 shares in the last quarter. National Pension Service grew its stake in shares of Tractor Supply by 2.1% during the third quarter. National Pension Service now owns 849,408 shares of the specialty retailer’s stock valued at $48,306,000 after purchasing an additional 17,770 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of Tractor Supply by 76,607.0% in the third quarter. AlphaQuest LLC now owns 32,984 shares of the specialty retailer’s stock valued at $1,876,000 after purchasing an additional 32,941 shares in the last quarter. Arizona State Retirement System raised its position in Tractor Supply by 1.0% in the 3rd quarter. Arizona State Retirement System now owns 156,962 shares of the specialty retailer’s stock worth $8,926,000 after purchasing an additional 1,597 shares during the last quarter. Finally, Pittenger & Anderson Inc. increased its stake in shares of Tractor Supply by 2.9% in the 3rd quarter. Pittenger & Anderson Inc. now owns 184,975 shares of the specialty retailer’s stock valued at $10,520,000 after buying an additional 5,288 shares during the period. 98.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TSCO shares. Citigroup reaffirmed a “buy” rating and issued a $61.00 target price (down previously from $66.00) on shares of Tractor Supply in a research note on Friday, January 16th. JPMorgan Chase & Co. dropped their target price on shares of Tractor Supply from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Telsey Advisory Group dropped their price objective on Tractor Supply from $70.00 to $63.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Truist Financial set a $55.00 price target on Tractor Supply and gave the company a “hold” rating in a research note on Friday, January 16th. Finally, Gordon Haskett cut shares of Tractor Supply from an “accumulate” rating to a “hold” rating and decreased their price objective for the company from $57.00 to $50.00 in a report on Thursday, January 8th. Fifteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.78.

Insider Buying and Selling at Tractor Supply

In other news, CEO Harry A. Lawton III sold 84,670 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $53.16, for a total transaction of $4,501,057.20. Following the completion of the sale, the chief executive officer owned 606,842 shares of the company’s stock, valued at approximately $32,259,720.72. This represents a 12.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

Tractor Supply Stock Down 1.4%

TSCO opened at $54.48 on Friday. The stock’s fifty day simple moving average is $52.29 and its 200 day simple moving average is $55.62. Tractor Supply Company has a 1-year low of $46.85 and a 1-year high of $63.99. The stock has a market cap of $28.79 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 2.77 and a beta of 0.74. The company has a current ratio of 1.34, a quick ratio of 0.16 and a debt-to-equity ratio of 0.70.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, January 29th. The specialty retailer reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). The company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $4.03 billion. Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. Tractor Supply’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. As a group, research analysts expect that Tractor Supply Company will post 2.17 earnings per share for the current year.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.