Spire Wealth Management Acquires 4,154 Shares of Tractor Supply (NASDAQ:TSCO)

Spire Wealth Management raised its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 21.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,918 shares of the specialty retailer’s stock after acquiring an additional 4,154 shares during the quarter. Spire Wealth Management’s holdings in Tractor Supply were worth $5,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of TSCO. WCM Investment Management LLC bought a new position in shares of Tractor Supply in the fourth quarter worth $782,000. Todd Asset Management LLC bought a new position in shares of Tractor Supply in the fourth quarter worth $21,571,000. LPL Financial LLC increased its holdings in shares of Tractor Supply by 4.6% in the third 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 during the period. Impax Asset Management Group plc increased its holdings in shares of Tractor Supply by 2,120.1% in the fourth quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock worth $26,194,000 after purchasing an additional 116,330 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Tractor Supply by 32,987.5% in the fourth quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock worth $58,128,000 after purchasing an additional 269,508 shares during the period. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSCO. Wedbush reaffirmed a “neutral” rating and issued a $235.00 price target on shares of Tractor Supply in a report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their target price on shares of Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group lifted their price target on Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Raymond James lifted their price target on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Barclays increased their price objective on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $253.54.

Tractor Supply Trading Down 0.2 %

NASDAQ TSCO traded down $0.67 on Monday, hitting $269.54. The company’s stock had a trading volume of 681,669 shares, compared to its average volume of 1,167,594. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $279.38. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The company’s 50-day simple moving average is $255.80 and its 200 day simple moving average is $229.30. The firm has a market cap of $29.09 billion, a P/E ratio of 26.31, a PEG ratio of 3.41 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter last year, the business posted $1.65 EPS. The business’s revenue was up 2.8% on a year-over-year basis. Research analysts predict that Tractor Supply will post 10.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tractor Supply news, EVP Robert D. Mills sold 48,334 shares of the 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 completion of the sale, 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 document filed with the SEC, which is available at this link. In other 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 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 document filed with the SEC, which is available at the SEC website. Also, CEO Harry A. Lawton III sold 20,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the transaction, the chief executive officer now owns 95,192 shares of the company’s stock, valued at approximately $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. 0.24% of the stock is currently owned by company insiders.

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.