Taylor Frigon Capital Management LLC lessened its holdings in Tractor Supply (NASDAQ:TSCO) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,974 shares of the specialty retailer’s stock after selling 197 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Tractor Supply were worth $1,866,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Usca Ria LLC purchased a new position in shares of Tractor Supply in the 3rd quarter valued at $27,000. Gradient Investments LLC raised its stake in shares of Tractor Supply by 3,525.0% in the 4th quarter. Gradient Investments LLC now owns 290 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 282 shares during the period. Allred Capital Management LLC purchased a new stake in Tractor Supply during the 4th quarter worth $28,000. Executive Wealth Management LLC increased its stake in Tractor Supply by 56.4% during the 3rd quarter. Executive Wealth Management LLC now owns 352 shares of the specialty retailer’s stock worth $31,000 after buying an additional 127 shares during the period. Finally, B & T Capital Management DBA Alpha Capital Management purchased a new stake in Tractor Supply during the 3rd quarter worth $45,000. 82.25% of the stock is currently owned by institutional investors and hedge funds.

In other Tractor Supply news, EVP Benjamin F. Parrish, Jr. sold 300 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $98.48, for a total transaction of $29,544.00. Following the completion of the transaction, the executive vice president now directly owns 26,022 shares of the company’s stock, valued at approximately $2,562,646.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Chad Michael Frazell sold 13,441 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $98.49, for a total transaction of $1,323,804.09. 1.50% of the stock is owned by company insiders.

TSCO stock traded down $0.65 during mid-day trading on Friday, hitting $93.01. 62,860 shares of the company were exchanged, compared to its average volume of 1,216,519. The company has a market capitalization of $10.99 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.57 and a beta of 1.00. The company has a current ratio of 1.60, a quick ratio of 0.15 and a debt-to-equity ratio of 1.75. Tractor Supply has a twelve month low of $82.62 and a twelve month high of $114.25. The firm has a fifty day simple moving average of $93.22 and a 200 day simple moving average of $98.11.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.01). The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Tractor Supply had a return on equity of 36.64% and a net margin of 6.69%. Tractor Supply’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 earnings per share. As a group, sell-side analysts anticipate that Tractor Supply will post 4.71 earnings per share for the current year.

TSCO has been the topic of several analyst reports. Morgan Stanley raised shares of Tractor Supply from an “equal weight” rating to an “overweight” rating and set a $115.00 price target on the stock in a research note on Tuesday. Wells Fargo & Co reaffirmed a “buy” rating and set a $105.00 price target on shares of Tractor Supply in a research note on Tuesday. ValuEngine raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Nomura initiated coverage on shares of Tractor Supply in a research note on Friday, November 8th. They set a “neutral” rating and a $100.00 price target on the stock. Finally, BidaskClub downgraded shares of Tractor Supply from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $108.16.

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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