Beacon Harbor Wealth Advisors Inc. lifted its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,858 shares of the specialty retailer’s stock after buying an additional 359 shares during the period. Beacon Harbor Wealth Advisors Inc.’s holdings in Tractor Supply were worth $2,050,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of TSCO. Outlook Wealth Advisors LLC lifted its position in Tractor Supply by 3.3% in the third quarter. Outlook Wealth Advisors LLC now owns 3,491 shares of the specialty retailer’s stock worth $316,000 after purchasing an additional 112 shares during the period. Commerzbank Aktiengesellschaft FI lifted its position in Tractor Supply by 48.6% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 27,059 shares of the specialty retailer’s stock worth $2,447,000 after purchasing an additional 8,847 shares during the period. Palisade Asset Management LLC lifted its position in Tractor Supply by 22.9% in the third quarter. Palisade Asset Management LLC now owns 4,162 shares of the specialty retailer’s stock worth $376,000 after purchasing an additional 775 shares during the period. CIBC Private Wealth Group LLC lifted its position in Tractor Supply by 0.8% in the third quarter. CIBC Private Wealth Group LLC now owns 141,257 shares of the specialty retailer’s stock worth $12,776,000 after purchasing an additional 1,178 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Tractor Supply in the third quarter worth approximately $321,000. Institutional investors and hedge funds own 82.91% of the company’s stock.
NASDAQ TSCO opened at $93.17 on Friday. The stock has a market capitalization of $11.18 billion, a P/E ratio of 21.62, a P/E/G ratio of 1.79 and a beta of 1.06. Tractor Supply has a 1 year low of $78.67 and a 1 year high of $114.25. The business’s fifty day moving average is $95.69 and its two-hundred day moving average is $102.61. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.16 and a current ratio of 1.52.
In other Tractor Supply news, SVP Chad Michael Frazell sold 17,857 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $110.04, for a total transaction of $1,964,984.28. Following the sale, the senior vice president now directly owns 31,004 shares of the company’s stock, valued at approximately $3,411,680.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is owned by insiders.
A number of equities research analysts have weighed in on the company. Telsey Advisory Group cut their target price on Tractor Supply from $113.00 to $108.00 and set a “market perform” rating for the company in a research report on Friday, August 23rd. Raymond James assumed coverage on Tractor Supply in a research report on Monday, October 7th. They issued a “strong-buy” rating and a $115.00 target price for the company. Wells Fargo & Co cut their target price on Tractor Supply from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday. Wedbush restated an “outperform” rating and issued a $105.00 target price (down from $115.00) on shares of Tractor Supply in a research report on Tuesday, September 24th. Finally, Goldman Sachs Group started coverage on Tractor Supply in a research report on Thursday, July 11th. They issued a “buy” rating and a $122.00 target price for the company. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $106.95.
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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