Tandem Investment Advisors Inc. Raises Stake in Tractor Supply (NASDAQ:TSCO)

Tandem Investment Advisors Inc. raised its position in shares of Tractor Supply (NASDAQ:TSCO) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,181 shares of the specialty retailer’s stock after acquiring an additional 2,181 shares during the period. Tractor Supply makes up approximately 2.3% of Tandem Investment Advisors Inc.’s holdings, making the stock its 25th biggest holding. Tandem Investment Advisors Inc. owned approximately 0.07% of Tractor Supply worth $6,741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Tractor Supply by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 12,519,767 shares of the specialty retailer’s stock worth $678,696,000 after buying an additional 170,986 shares during the period. BlackRock Inc. lifted its holdings in shares of Tractor Supply by 1.7% in the 2nd quarter. BlackRock Inc. now owns 7,968,825 shares of the specialty retailer’s stock worth $431,989,000 after buying an additional 133,235 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Tractor Supply by 1.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,413,006 shares of the specialty retailer’s stock worth $405,879,000 after buying an additional 114,539 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Tractor Supply by 138.6% in the 3rd quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock worth $322,558,000 after buying an additional 2,960,119 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Tractor Supply by 7,599.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,230,168 shares of the specialty retailer’s stock worth $229,319,000 after purchasing an additional 4,175,224 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tractor Supply (NASDAQ:TSCO) traded up $1.12 on Tuesday, reaching $79.61. The company’s stock had a trading volume of 2,099,300 shares, compared to its average volume of 1,643,778. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00. Tractor Supply has a one year low of $49.87 and a one year high of $79.85. The firm has a market capitalization of $10,060.00, a price-to-earnings ratio of 23.62, a P/E/G ratio of 1.52 and a beta of 1.31.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. analysts anticipate that Tractor Supply will post 3.29 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on TSCO shares. Northcoast Research reiterated a “buy” rating on shares of Tractor Supply in a research note on Wednesday, January 3rd. Zacks Investment Research cut Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. BMO Capital Markets increased their price target on Tractor Supply from $58.00 to $61.00 and gave the company a “market perform” rating in a research note on Wednesday, September 27th. Wedbush reiterated an “outperform” rating and issued a $72.00 price target (up from $65.00) on shares of Tractor Supply in a research note on Tuesday, October 3rd. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $57.00 price target on shares of Tractor Supply in a research note on Friday, September 29th. Sixteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Tractor Supply has an average rating of “Hold” and an average target price of $68.70.

In related news, CMO Steve K. Barbarick sold 43,076 shares of Tractor Supply stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

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About Tractor Supply

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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