TimesSquare Capital Management LLC Has $34.41 Million Stock Position in Tractor Supply (NASDAQ:TSCO)

TimesSquare Capital Management LLC cut its position in Tractor Supply (NASDAQ:TSCO) by 21.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 160,016 shares of the specialty retailer’s stock after selling 43,775 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Tractor Supply were worth $34,408,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TSCO. Wellington Management Group LLP grew its position in shares of Tractor Supply by 9,370.6% in the third quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock valued at $573,038,000 after purchasing an additional 2,792,352 shares during the last quarter. Invesco Ltd. grew its holdings in Tractor Supply by 76.7% in the 3rd quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer’s stock valued at $411,010,000 after buying an additional 878,874 shares during the last quarter. Stifel Financial Corp increased its position in Tractor Supply by 3.2% in the 3rd quarter. Stifel Financial Corp now owns 1,582,582 shares of the specialty retailer’s stock worth $321,354,000 after buying an additional 49,173 shares during the period. Northern Trust Corp lifted its holdings in shares of Tractor Supply by 4.7% during the third quarter. Northern Trust Corp now owns 1,182,164 shares of the specialty retailer’s stock worth $240,038,000 after buying an additional 52,583 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Tractor Supply by 22.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,148,340 shares of the specialty retailer’s stock valued at $233,170,000 after acquiring an additional 210,131 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

NASDAQ TSCO traded down $3.48 during trading hours on Wednesday, reaching $266.65. 831,785 shares of the company’s stock were exchanged, compared to its average volume of 1,157,902. The firm has a fifty day moving average of $257.00 and a 200-day moving average of $230.56. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. Tractor Supply has a one year low of $185.00 and a one year high of $279.38. The stock has a market cap of $28.78 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 3.41 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results 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. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the company posted $1.65 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Tractor Supply will post 10.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Tractor Supply

In related news, EVP Robert D. Mills sold 48,334 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 22,167 shares in the company, valued at approximately $5,147,842.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 22,167 shares in the company, valued at $5,147,842.41. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Harry A. Lawton III sold 20,500 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the sale, the chief executive officer now directly owns 95,192 shares of the company’s stock, valued at $22,173,072.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,090 shares of company stock worth $21,201,877. 0.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSCO. Benchmark reaffirmed a “buy” rating and set a $256.00 target price on shares of Tractor Supply in a research report on Monday, April 22nd. Robert W. Baird upped their price objective on shares of Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Wells Fargo & Company increased their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. Mizuho reaffirmed a “neutral” rating and issued a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a report on Friday, April 26th. Finally, Evercore ISI raised their price objective on Tractor Supply from $275.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Two investment 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’s stock. According to data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Hold” and an average price target of $253.54.

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.