Clean Yield Group trimmed its stake in shares of Tractor Supply (NASDAQ:TSCO) by 3.7% during the third quarter, Holdings Channel reports. The firm owned 4,803 shares of the specialty retailer’s stock after selling 187 shares during the period. Clean Yield Group’s holdings in Tractor Supply were worth $688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in TSCO. Public Employees Retirement Association of Colorado raised its position in shares of Tractor Supply by 0.6% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 175,276 shares of the specialty retailer’s stock worth $14,820,000 after purchasing an additional 1,078 shares during the period. Alliancebernstein L.P. raised its position in shares of Tractor Supply by 1.3% during the 1st quarter. Alliancebernstein L.P. now owns 202,449 shares of the specialty retailer’s stock worth $17,117,000 after purchasing an additional 2,581 shares during the period. Independent Family Office LLC acquired a new stake in shares of Tractor Supply during the 1st quarter worth approximately $241,000. Balyasny Asset Management LLC acquired a new stake in shares of Tractor Supply during the 1st quarter worth approximately $6,611,000. Finally, Maverick Capital Ltd. acquired a new stake in shares of Tractor Supply during the 1st quarter worth approximately $8,577,000. Institutional investors and hedge funds own 84.91% of the company’s stock.

Shares of TSCO traded up $0.99 during mid-day trading on Friday, reaching $153.09. The company’s stock had a trading volume of 2,280,532 shares, compared to its average volume of 1,532,719. The business has a fifty day moving average of $143.12 and a 200 day moving average of $127.19. The company has a market cap of $17.79 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.01. Tractor Supply has a 1 year low of $63.89 and a 1 year high of $157.07. The company has a quick ratio of 0.62, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, July 23rd. The specialty retailer reported $2.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.28. Tractor Supply had a return on equity of 45.25% and a net margin of 7.40%. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the company earned $1.80 earnings per share. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. On average, analysts predict that Tractor Supply will post 6.29 earnings per share for the current year.

A number of equities analysts recently issued reports on TSCO shares. Oppenheimer lowered Tractor Supply from an “outperform” rating to a “market perform” rating and set a $150.00 price objective for the company. in a report on Tuesday, July 21st. DA Davidson started coverage on Tractor Supply in a report on Friday, August 14th. They issued a “neutral” rating and a $162.00 price objective for the company. Guggenheim increased their price objective on Tractor Supply from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Wells Fargo & Company increased their price objective on Tractor Supply from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Loop Capital increased their price objective on Tractor Supply from $120.00 to $150.00 in a report on Friday, July 24th. Twenty-one equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $136.74.

In related news, EVP Benjamin F. Parrish, Jr. sold 120,619 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $148.10, for a total transaction of $17,863,673.90. Following the completion of the sale, the executive vice president now directly owns 67,262 shares in the company, valued at $9,961,502.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Edna Morris sold 5,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $144.46, for a total value of $722,300.00. Following the sale, the director now owns 4,676 shares of the company’s stock, valued at $675,494.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,825 shares of company stock valued at $25,257,904. 1.50% of the stock is owned by corporate insiders.

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

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