Tractor Supply (NASDAQ:TSCO) Shares Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. boosted its holdings in Tractor Supply (NASDAQ:TSCO) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,602 shares of the specialty retailer’s stock after acquiring an additional 73 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Tractor Supply were worth $560,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TSCO. Wellington Management Group LLP lifted its holdings in Tractor Supply by 9,370.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock valued at $573,038,000 after acquiring an additional 2,792,352 shares during the last quarter. Invesco Ltd. grew its position in Tractor Supply by 76.7% in the third quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer’s stock worth $411,010,000 after buying an additional 878,874 shares during the last quarter. Alecta Tjanstepension Omsesidigt increased its holdings in shares of Tractor Supply by 87.5% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 750,000 shares of the specialty retailer’s stock valued at $161,272,000 after buying an additional 350,000 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Tractor Supply by 32,987.5% during the 4th quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock valued at $58,128,000 after acquiring an additional 269,508 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Tractor Supply by 22.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,148,340 shares of the specialty retailer’s stock worth $233,170,000 after acquiring an additional 210,131 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TSCO. Mizuho reaffirmed a “neutral” rating and set a $250.00 target price (up from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. TD Cowen upped their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, April 26th. The Goldman Sachs Group raised their target price on shares of Tractor Supply from $230.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Telsey Advisory Group boosted their price target on shares of Tractor Supply from $280.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Company raised their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $253.54.

Insider Activity

In other news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the sale, the chief financial officer now directly owns 20,678 shares in the company, valued at $5,314,246. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Colin Yankee sold 8,675 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the completion of the transaction, the executive vice president now directly owns 9,673 shares in the company, valued at $2,418,250. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the sale, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at $5,314,246. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock valued at $21,201,877 over the last 90 days. 0.58% of the stock is currently owned by company insiders.

Tractor Supply Trading Up 1.3 %

Tractor Supply stock opened at $270.21 on Monday. Tractor Supply has a one year low of $185.00 and a one year high of $279.38. The company’s fifty day moving average price is $255.80 and its two-hundred day moving average price is $229.15. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. The company has a market capitalization of $29.16 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 3.41 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts forecast that Tractor Supply will post 10.3 earnings per share for the current fiscal year.

Tractor Supply Profile

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.