Prime Capital Investment Advisors LLC Decreases Stake in Tractor Supply Company $TSCO

Prime Capital Investment Advisors LLC cut its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 50.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,898 shares of the specialty retailer’s stock after selling 38,952 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Tractor Supply were worth $2,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Delos Wealth Advisors LLC purchased a new position in Tractor Supply in the second quarter valued at about $26,000. Financial Gravity Companies Inc. purchased a new stake in shares of Tractor Supply during the 2nd quarter worth approximately $38,000. Clayton Financial Group LLC acquired a new stake in shares of Tractor Supply in the 3rd quarter worth approximately $44,000. First Horizon Corp purchased a new position in Tractor Supply in the 3rd quarter valued at approximately $44,000. Finally, Evelyn Partners Asset Management Ltd purchased a new position in Tractor Supply in the 2nd quarter valued at approximately $46,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. DA Davidson reiterated a “buy” rating and set a $60.00 target price on shares of Tractor Supply in a research report on Friday, January 30th. Piper Sandler decreased their price objective on shares of Tractor Supply from $67.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday, January 30th. Gordon Haskett cut shares of Tractor Supply from an “accumulate” rating to a “hold” rating and lowered their price objective for the company from $57.00 to $50.00 in a research note on Thursday, January 8th. TD Cowen cut their target price on shares of Tractor Supply from $55.00 to $53.00 and set a “hold” rating for the company in a research report on Friday, January 30th. Finally, UBS Group set a $55.00 price target on shares of Tractor Supply in a report on Friday, January 30th. Fifteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.78.

Insider Buying and Selling

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

Tractor Supply Trading Up 2.1%

Shares of TSCO stock opened at $55.61 on Friday. The company has a market capitalization of $29.38 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 2.79 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. The firm has a 50-day moving average price of $52.31 and a 200 day moving average price of $55.58. Tractor Supply Company has a twelve month low of $46.85 and a twelve month high of $63.99.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. Research analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply 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.