Hendershot Investments Inc. Invests $1.56 Million in Tractor Supply (TSCO)

Hendershot Investments Inc. acquired a new stake in Tractor Supply (NASDAQ:TSCO) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 20,885 shares of the specialty retailer’s stock, valued at approximately $1,561,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TSCO. Janus Henderson Group PLC lifted its position in shares of Tractor Supply by 138.6% in the third quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock valued at $322,558,000 after buying an additional 2,960,119 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Tractor Supply by 328.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,072,446 shares of the specialty retailer’s stock valued at $58,137,000 after buying an additional 821,979 shares during the last quarter. Permian Investment Partners LP acquired a new stake in shares of Tractor Supply in the second quarter valued at approximately $38,901,000. Alyeska Investment Group L.P. acquired a new stake in shares of Tractor Supply in the third quarter valued at approximately $31,338,000. Finally, CWM LLC lifted its position in shares of Tractor Supply by 106,641.1% in the fourth quarter. CWM LLC now owns 480,335 shares of the specialty retailer’s stock valued at $35,905,000 after buying an additional 479,885 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

In other news, CMO Steve K. Barbarick sold 43,076 shares of Tractor Supply stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

Shares of Tractor Supply (TSCO) traded up $1.49 during midday trading on Monday, reaching $82.39. The company’s stock had a trading volume of 1,122,000 shares, compared to its average volume of 1,491,862. The firm has a market cap of $10,320.00, a PE ratio of 24.45, a PEG ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $82.44.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. equities research analysts expect that Tractor Supply will post 3.3 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the company. Stephens set a $79.00 price objective on Tractor Supply and gave the company a “hold” rating in a research report on Wednesday, January 17th. Deutsche Bank cut their price objective on Tractor Supply from $54.00 to $51.00 and set a “hold” rating for the company in a research report on Thursday, October 26th. UBS Group cut Tractor Supply from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $62.00 to $67.00 in a report on Monday, October 2nd. Robert W. Baird reissued a “buy” rating and set a $66.00 price target on shares of Tractor Supply in a report on Friday, November 10th. Finally, Moffett Nathanson initiated coverage on Tractor Supply in a report on Monday, December 4th. They set a “neutral” rating for the company. Sixteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $69.40.

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Tractor Supply Company Profile

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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