Tractor Supply (TSCO) Shares Bought by Kaizen Advisory LLC

Kaizen Advisory LLC grew its stake in Tractor Supply (NASDAQ:TSCO) by 4,449.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,967 shares of the specialty retailer’s stock after acquiring an additional 12,682 shares during the period. Tractor Supply accounts for 0.6% of Kaizen Advisory LLC’s holdings, making the stock its 15th biggest holding. Kaizen Advisory LLC’s holdings in Tractor Supply were worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Cubist Systematic Strategies LLC grew its stake in Tractor Supply by 74.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,515 shares of the specialty retailer’s stock worth $957,000 after acquiring an additional 5,361 shares in the last quarter. Swiss National Bank grew its stake in Tractor Supply by 2.7% in the 2nd quarter. Swiss National Bank now owns 415,400 shares of the specialty retailer’s stock worth $31,774,000 after acquiring an additional 11,000 shares in the last quarter. Ridgewood Investments LLC grew its stake in Tractor Supply by 17.2% in the 2nd quarter. Ridgewood Investments LLC now owns 11,768 shares of the specialty retailer’s stock worth $900,000 after acquiring an additional 1,725 shares in the last quarter. Sentry Investment Management LLC bought a new position in Tractor Supply in the 2nd quarter worth about $665,000. Finally, Bank of America Corp DE grew its stake in Tractor Supply by 0.5% in the 2nd quarter. Bank of America Corp DE now owns 546,086 shares of the specialty retailer’s stock worth $41,771,000 after acquiring an additional 2,625 shares in the last quarter. Institutional investors and hedge funds own 81.89% of the company’s stock.

In related news, EVP Benjamin F. Parrish, Jr. sold 25,252 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $89.62, for a total transaction of $2,263,084.24. Following the completion of the sale, the executive vice president now owns 28,700 shares of the company’s stock, valued at $2,572,094. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory A. Sandfort sold 140,709 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $90.28, for a total transaction of $12,703,208.52. Following the sale, the chief executive officer now directly owns 118,845 shares of the company’s stock, valued at approximately $10,729,326.60. The disclosure for this sale can be found here. Insiders have sold 204,530 shares of company stock valued at $18,348,570 in the last three months. 1.60% of the stock is currently owned by corporate insiders.

NASDAQ:TSCO opened at $94.04 on Friday. Tractor Supply has a 52 week low of $57.90 and a 52 week high of $95.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.99 and a quick ratio of 0.21. The company has a market cap of $11.38 billion, a P/E ratio of 28.24, a PEG ratio of 1.79 and a beta of 1.40.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, October 25th. The specialty retailer reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.08. Tractor Supply had a net margin of 6.54% and a return on equity of 36.23%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.82 billion. As a group, equities analysts anticipate that Tractor Supply will post 4.29 EPS for the current fiscal year.

A number of equities analysts have commented on the stock. Robert W. Baird upped their target price on shares of Tractor Supply from $97.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. BidaskClub raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Zacks Investment Research raised shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Tuesday, July 17th. Wedbush upped their price target on shares of Tractor Supply from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 18th. Finally, Loop Capital upped their price target on shares of Tractor Supply to $93.00 and gave the stock a “hold” rating in a research report on Friday, October 26th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $87.73.

About Tractor Supply

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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