Commerzbank Aktiengesellschaft FI lifted its position in Tractor Supply (NASDAQ:TSCO) by 48.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,059 shares of the specialty retailer’s stock after buying an additional 8,847 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Tractor Supply were worth $2,447,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. grew its stake in shares of Tractor Supply by 46.4% in the second quarter. CSat Investment Advisory L.P. now owns 429 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 136 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of Tractor Supply by 255.9% in the second quarter. Flagship Harbor Advisors LLC now owns 484 shares of the specialty retailer’s stock valued at $52,000 after buying an additional 348 shares in the last quarter. Coastal Investment Advisors Inc. grew its stake in shares of Tractor Supply by 32.3% in the second quarter. Coastal Investment Advisors Inc. now owns 549 shares of the specialty retailer’s stock valued at $58,000 after buying an additional 134 shares in the last quarter. Amica Retiree Medical Trust bought a new position in shares of Tractor Supply in the second quarter valued at $61,000. Finally, Ashburton Jersey Ltd bought a new position in shares of Tractor Supply in the second quarter valued at $68,000. 82.91% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Chad Michael Frazell sold 17,857 shares of Tractor Supply stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $110.04, for a total transaction of $1,964,984.28. Following the completion of the sale, the senior vice president now owns 31,004 shares of the company’s stock, valued at $3,411,680.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by company insiders.
TSCO opened at $93.32 on Monday. Tractor Supply has a fifty-two week low of $78.67 and a fifty-two week high of $114.25. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.16 and a current ratio of 1.52. The company has a market capitalization of $11.08 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.77 and a beta of 1.06. The stock has a fifty day moving average of $95.53 and a 200-day moving average of $102.58.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $1.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.01). Tractor Supply had a return on equity of 36.12% and a net margin of 6.71%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the business posted $1.69 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts predict that Tractor Supply will post 4.74 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on TSCO shares. Wedbush reaffirmed an “outperform” rating and set a $105.00 price target (down previously from $115.00) on shares of Tractor Supply in a report on Tuesday, September 24th. Raymond James started coverage on Tractor Supply in a report on Monday, October 7th. They set a “strong-buy” rating and a $115.00 price target for the company. ValuEngine downgraded Tractor Supply from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Telsey Advisory Group cut their price target on Tractor Supply from $113.00 to $108.00 and set a “market perform” rating for the company in a report on Friday, August 23rd. Finally, Guggenheim reaffirmed a “buy” rating and set a $110.00 price target (down previously from $120.00) on shares of Tractor Supply in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $106.95.
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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