Tractor Supply Company $TSCO Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 50.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,898 shares of the specialty retailer’s stock after selling 38,952 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Tractor Supply were worth $2,155,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. RMR Wealth Builders acquired a new stake in Tractor Supply during the 3rd quarter worth $209,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Tractor Supply by 2,356.5% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 971,595 shares of the specialty retailer’s stock valued at $55,255,000 after acquiring an additional 932,043 shares in the last quarter. Savant Capital LLC grew its holdings in shares of Tractor Supply by 15.0% during the third quarter. Savant Capital LLC now owns 16,241 shares of the specialty retailer’s stock worth $924,000 after purchasing an additional 2,113 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in shares of Tractor Supply during the third quarter worth about $1,597,000. Finally, J.W. Cole Advisors Inc. increased its position in shares of Tractor Supply by 5.6% during the third quarter. J.W. Cole Advisors Inc. now owns 16,224 shares of the specialty retailer’s stock worth $923,000 after purchasing an additional 855 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. TD Cowen dropped their price target on Tractor Supply from $55.00 to $53.00 and set a “hold” rating on the stock in a research note on Friday, January 30th. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of Tractor Supply in a report on Friday, January 30th. Zacks Research cut shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Robert W. Baird increased their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, Truist Financial set a $55.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a research report on Friday, January 16th. Fifteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.78.

Tractor Supply Stock Performance

Shares of TSCO opened at $55.61 on Friday. The stock has a market capitalization of $29.38 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.79 and a beta of 0.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.16 and a current ratio of 1.34. Tractor Supply Company has a 1 year low of $46.85 and a 1 year high of $63.99. The company’s fifty day moving average is $52.31 and its two-hundred day moving average is $55.58.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.03). The firm had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. On average, sell-side analysts predict that Tractor Supply Company will post 2.17 earnings per share for the current year.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III sold 84,670 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $53.16, for a total transaction of $4,501,057.20. Following the transaction, the chief executive officer owned 606,842 shares in the company, valued at approximately $32,259,720.72. The trade was a 12.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.65% of the company’s stock.

About Tractor Supply

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.