Donald L. Hagan LLC acquired a new stake in shares of Tractor Supply (NASDAQ:TSCO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 23,529 shares of the specialty retailer’s stock, valued at approximately $1,759,000. Tractor Supply accounts for approximately 1.5% of Donald L. Hagan LLC’s portfolio, making the stock its 10th biggest position.
Other large investors also recently made changes to their positions in the company. Comerica Securities Inc. grew its stake in shares of Tractor Supply by 67.4% during the 2nd quarter. Comerica Securities Inc. now owns 5,596 shares of the specialty retailer’s stock valued at $303,000 after acquiring an additional 2,254 shares during the period. Strs Ohio grew its stake in shares of Tractor Supply by 248.4% during the 3rd quarter. Strs Ohio now owns 5,818 shares of the specialty retailer’s stock valued at $368,000 after acquiring an additional 4,148 shares during the period. Tandem Investment Advisors Inc. grew its stake in shares of Tractor Supply by 8.8% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 90,437 shares of the specialty retailer’s stock valued at $4,903,000 after acquiring an additional 7,347 shares during the period. Achmea Investment Management B.V. grew its stake in shares of Tractor Supply by 58.3% during the 2nd quarter. Achmea Investment Management B.V. now owns 12,891 shares of the specialty retailer’s stock valued at $697,000 after acquiring an additional 4,748 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Tractor Supply by 531.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,136,401 shares of the specialty retailer’s stock valued at $115,813,000 after acquiring an additional 1,797,802 shares during the period. Institutional investors own 92.33% of the company’s stock.
In other news, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.
Several research analysts have weighed in on the company. Wedbush downgraded Tractor Supply from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $72.00 to $80.00 in a research note on Thursday. Zacks Investment Research upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating and set a $89.00 price target for the company in a research note on Monday. BidaskClub upgraded Tractor Supply from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Northcoast Research restated a “buy” rating on shares of Tractor Supply in a research note on Wednesday, January 3rd. Finally, TheStreet upgraded Tractor Supply from a “c+” rating to a “b” rating in a research note on Wednesday, December 20th. Sixteen analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $67.80.
Tractor Supply (NASDAQ TSCO) traded up $1.12 during midday trading on Friday, hitting $79.61. The stock had a trading volume of 2,100,000 shares, compared to its average volume of 2,000,000. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38. The company has a market cap of $10,000.00, a P/E ratio of 23.62, a P/E/G ratio of 1.53 and a beta of 1.31. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $79.85.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. equities analysts expect that Tractor Supply will post 3.28 EPS for the current fiscal year.
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Tractor Supply 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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