Oakbrook Investments LLC lessened its stake in Tractor Supply (NASDAQ:TSCO) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,950 shares of the specialty retailer’s stock after selling 100 shares during the period. Oakbrook Investments LLC’s holdings in Tractor Supply were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Tennessee Treasury Department boosted its stake in Tractor Supply by 35.1% in the fourth quarter. State of Tennessee Treasury Department now owns 181,833 shares of the specialty retailer’s stock valued at $15,172,000 after acquiring an additional 47,239 shares in the last quarter. First Hawaiian Bank boosted its stake in Tractor Supply by 42.8% in the first quarter. First Hawaiian Bank now owns 9,187 shares of the specialty retailer’s stock valued at $898,000 after acquiring an additional 2,753 shares in the last quarter. Millennium Management LLC boosted its stake in Tractor Supply by 66.8% in the fourth quarter. Millennium Management LLC now owns 505,942 shares of the specialty retailer’s stock valued at $42,216,000 after acquiring an additional 202,673 shares in the last quarter. Vanguard Group Inc boosted its stake in Tractor Supply by 0.3% in the third quarter. Vanguard Group Inc now owns 12,358,247 shares of the specialty retailer’s stock valued at $1,123,118,000 after acquiring an additional 35,414 shares in the last quarter. Finally, Mastrapasqua Asset Management Inc. boosted its stake in Tractor Supply by 20.9% in the fourth quarter. Mastrapasqua Asset Management Inc. now owns 15,565 shares of the specialty retailer’s stock valued at $1,299,000 after acquiring an additional 2,695 shares in the last quarter. Institutional investors own 82.26% of the company’s stock.
In related news, Director Edna Morris sold 4,174 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $96.07, for a total transaction of $400,996.18. Following the completion of the transaction, the director now directly owns 1,916 shares of the company’s stock, valued at $184,070.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory A. Sandfort sold 74,667 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $105.00, for a total transaction of $7,840,035.00. Following the transaction, the chief executive officer now directly owns 166,325 shares of the company’s stock, valued at $17,464,125. The disclosure for this sale can be found here. Insiders have sold 346,369 shares of company stock valued at $34,881,726 over the last three months. 1.50% of the stock is currently owned by corporate insiders.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, January 31st. The specialty retailer reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.02. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Tractor Supply had a net margin of 6.73% and a return on equity of 36.86%. As a group, sell-side analysts predict that Tractor Supply will post 4.71 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a research note on Wednesday, January 16th. Wells Fargo & Co reiterated a “buy” rating and set a $102.00 target price on shares of Tractor Supply in a research note on Monday, February 11th. Gordon Haskett upgraded shares of Tractor Supply from an “accumulate” rating to a “buy” rating in a research note on Thursday, March 21st. Morgan Stanley increased their target price on shares of Tractor Supply from $89.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $85.00 target price on shares of Tractor Supply in a research note on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Tractor Supply has an average rating of “Buy” and a consensus target price of $96.11.
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Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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