Tractor Supply (NASDAQ:TSCO) Stock Position Boosted by Natixis Advisors L.P.

Natixis Advisors L.P. grew its stake in shares of Tractor Supply (NASDAQ:TSCO) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,326 shares of the specialty retailer’s stock after buying an additional 5,379 shares during the quarter. Natixis Advisors L.P. owned about 0.06% of Tractor Supply worth $13,186,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. WCM Investment Management LLC bought a new stake in Tractor Supply in the fourth quarter worth about $782,000. LPL Financial LLC raised its holdings in shares of Tractor Supply by 4.6% in the 3rd quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock worth $23,122,000 after purchasing an additional 5,014 shares in the last quarter. Impax Asset Management Group plc lifted its stake in Tractor Supply by 2,120.1% during the fourth quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock valued at $26,194,000 after purchasing an additional 116,330 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Tractor Supply by 32,987.5% during the fourth quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock worth $58,128,000 after buying an additional 269,508 shares in the last quarter. Finally, Copeland Capital Management LLC grew its position in Tractor Supply by 397.6% in the fourth quarter. Copeland Capital Management LLC now owns 5,090 shares of the specialty retailer’s stock worth $1,095,000 after buying an additional 4,067 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Robert D. Mills sold 48,334 shares of Tractor Supply stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the transaction, the executive vice president now owns 22,167 shares in the company, valued at approximately $5,147,842.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tractor Supply news, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the sale, the executive vice president now owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders sold 90,090 shares of company stock valued at $21,201,877. Company insiders own 0.58% of the company’s stock.

Tractor Supply Trading Up 0.2 %

Tractor Supply stock opened at $270.13 on Wednesday. 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 $256.72 and its two-hundred day moving average price is $230.30. The company has a market capitalization of $29.16 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 3.41 and a beta of 0.82. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19.

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

Analysts Set New Price Targets

TSCO has been the subject of a number of recent research reports. Telsey Advisory Group increased their price objective on Tractor Supply from $280.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group upped their target price on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Mizuho reissued a “neutral” rating and issued a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Morgan Stanley upped their price objective on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. Finally, Wedbush reissued a “neutral” rating and issued a $235.00 target price on shares of Tractor Supply in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $253.54.

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.