Moloney Securities Asset Management LLC Grows Holdings in Tractor Supply (NASDAQ:TSCO)

Moloney Securities Asset Management LLC grew its stake in Tractor Supply (NASDAQ:TSCO) by 482.1% during the third quarter, Holdings Channel.com reports. The fund owned 4,500 shares of the specialty retailer’s stock after acquiring an additional 3,727 shares during the period. Moloney Securities Asset Management LLC’s holdings in Tractor Supply were worth $1,309,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TSCO. Private Advisor Group LLC increased its stake in Tractor Supply by 9.0% during the 1st quarter. Private Advisor Group LLC now owns 7,116 shares of the specialty retailer’s stock worth $1,862,000 after buying an additional 589 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Tractor Supply by 3.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,043 shares of the specialty retailer’s stock worth $8,648,000 after buying an additional 1,152 shares during the period. Avidian Wealth Solutions LLC purchased a new stake in Tractor Supply during the 1st quarter worth approximately $211,000. 9258 Wealth Management LLC purchased a new stake in Tractor Supply during the 1st quarter worth approximately $239,000. Finally, SPC Financial Inc. increased its stake in Tractor Supply by 74.4% during the 1st quarter. SPC Financial Inc. now owns 6,307 shares of the specialty retailer’s stock worth $1,651,000 after buying an additional 2,691 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TSCO. JPMorgan Chase & Co. upped their target price on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Mizuho increased their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. DA Davidson increased their price objective on shares of Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Melius Research began coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective on the stock. Finally, Barclays increased their price objective on shares of Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $282.82.

Tractor Supply Stock Up 2.2 %

Shares of NASDAQ:TSCO opened at $276.21 on Wednesday. The stock has a market cap of $29.79 billion, a P/E ratio of 26.87, a P/E/G ratio of 3.39 and a beta of 0.82. The firm has a fifty day moving average price of $282.37 and a 200 day moving average price of $274.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. Tractor Supply has a 1-year low of $193.60 and a 1-year high of $307.64.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.58% of the stock is owned by company insiders.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.