Thrivent Financial for Lutherans Has $9.42 Million Stake in Tractor Supply Company $TSCO

Thrivent Financial for Lutherans raised its position in Tractor Supply Company (NASDAQ:TSCO) by 11.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,713 shares of the specialty retailer’s stock after purchasing an additional 16,390 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Tractor Supply were worth $9,424,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TSCO. Vanguard Group Inc. grew its holdings in Tractor Supply by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 67,679,109 shares of the specialty retailer’s stock worth $3,571,427,000 after acquiring an additional 1,047,687 shares during the last quarter. State Street Corp lifted its holdings in shares of Tractor Supply by 0.7% during the second quarter. State Street Corp now owns 23,002,120 shares of the specialty retailer’s stock worth $1,213,822,000 after purchasing an additional 150,392 shares during the period. Geode Capital Management LLC grew its stake in shares of Tractor Supply by 2.1% in the second quarter. Geode Capital Management LLC now owns 15,367,775 shares of the specialty retailer’s stock worth $808,341,000 after purchasing an additional 316,595 shares during the last quarter. Invesco Ltd. grew its stake in shares of Tractor Supply by 123.4% in the second quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock worth $795,735,000 after purchasing an additional 8,329,462 shares during the last quarter. Finally, Select Equity Group L.P. increased its holdings in Tractor Supply by 41.9% in the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after purchasing an additional 3,753,414 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on TSCO. The Goldman Sachs Group set a $59.00 target price on Tractor Supply and gave the stock a “buy” rating in a report on Friday, January 30th. Gordon Haskett lowered Tractor Supply from an “accumulate” rating to a “hold” rating and cut their price objective for the stock from $57.00 to $50.00 in a research note on Thursday, January 8th. Piper Sandler decreased their target price on shares of Tractor Supply from $67.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Wells Fargo & Company restated an “overweight” rating and set a $65.00 price target on shares of Tractor Supply in a report on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tractor Supply in a research note on Monday, December 29th. Fifteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Tractor Supply has an average rating of “Moderate Buy” and an average target price of $59.78.

Tractor Supply Price Performance

Shares of TSCO opened at $54.48 on Friday. The firm has a market cap of $28.79 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 2.77 and a beta of 0.74. Tractor Supply Company has a 52-week low of $46.85 and a 52-week high of $63.99. The business’s 50 day moving average price is $52.29 and its two-hundred day moving average price is $55.62. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.16 and a current ratio of 1.34.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.03). Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that Tractor Supply Company will post 2.17 EPS for the current year.

Insider Buying and Selling at Tractor Supply

In other news, CEO Harry A. Lawton III sold 84,670 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $53.16, for a total transaction of $4,501,057.20. Following the transaction, the chief executive officer owned 606,842 shares in the company, valued at approximately $32,259,720.72. This represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.65% of the company’s stock.

About Tractor Supply

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.