Tractor Supply (NASDAQ:TSCO) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in Tractor Supply (NASDAQ:TSCO) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,690 shares of the specialty retailer’s stock after selling 2,807 shares during the period. Amalgamated Bank’s holdings in Tractor Supply were worth $5,954,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TSCO. Natixis Advisors L.P. raised its stake in shares of Tractor Supply by 9.6% during the fourth quarter. Natixis Advisors L.P. now owns 61,326 shares of the specialty retailer’s stock valued at $13,186,000 after purchasing an additional 5,379 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of Tractor Supply by 5.6% during the 4th quarter. Benjamin Edwards Inc. now owns 10,512 shares of the specialty retailer’s stock worth $2,260,000 after buying an additional 556 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Tractor Supply by 23.2% during the 4th quarter. First Horizon Advisors Inc. now owns 398 shares of the specialty retailer’s stock worth $86,000 after buying an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of Tractor Supply by 2.9% in the 4th quarter. First Trust Direct Indexing L.P. now owns 2,602 shares of the specialty retailer’s stock worth $560,000 after acquiring an additional 73 shares during the period. Finally, Buckhead Capital Management LLC bought a new position in shares of Tractor Supply in the fourth quarter valued at approximately $912,000. Institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Harry A. Lawton III sold 20,500 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the transaction, the chief executive officer now directly owns 95,192 shares in the company, valued at approximately $22,173,072.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Harry A. Lawton III sold 20,500 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the completion of the sale, the chief executive officer now owns 95,192 shares in the company, valued at approximately $22,173,072.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at $5,314,246. The disclosure for this sale can be found here. Insiders sold 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 Stock Performance

TSCO stock opened at $270.21 on Monday. The company has a market capitalization of $29.16 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 3.41 and a beta of 0.82. The firm has a 50 day moving average of $255.80 and a two-hundred day moving average of $229.30. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $279.38.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TSCO. UBS Group lifted their price target on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Benchmark reiterated a “buy” rating and issued a $256.00 price target on shares of Tractor Supply in a research report on Monday, April 22nd. Morgan Stanley upped their price target on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a report on Friday, April 26th. Mizuho reaffirmed a “neutral” rating and issued a $250.00 price objective (up previously from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Finally, The Goldman Sachs Group increased their target price on shares of Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Tractor Supply presently has a consensus rating of “Hold” and an average target price of $253.54.

Tractor Supply Company 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.