Tractor Supply Company $TSCO Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its stake in Tractor Supply Company (NASDAQ:TSCO) by 30.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,896 shares of the specialty retailer’s stock after selling 16,018 shares during the period. Bessemer Group Inc.’s holdings in Tractor Supply were worth $2,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Tractor Supply by 2,356.5% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 971,595 shares of the specialty retailer’s stock worth $55,255,000 after buying an additional 932,043 shares during the period. Savant Capital LLC lifted its stake in Tractor Supply by 15.0% in the third quarter. Savant Capital LLC now owns 16,241 shares of the specialty retailer’s stock worth $924,000 after acquiring an additional 2,113 shares during the last quarter. Machina Capital S.A.S. acquired a new position in Tractor Supply during the 3rd quarter worth approximately $1,597,000. J.W. Cole Advisors Inc. increased its position in shares of Tractor Supply by 5.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 16,224 shares of the specialty retailer’s stock valued at $923,000 after purchasing an additional 855 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Tractor Supply by 1.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,629,713 shares of the specialty retailer’s stock valued at $263,292,000 after purchasing an additional 60,035 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Trading Up 2.1%

TSCO opened at $55.61 on Monday. The company has a quick ratio of 0.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.70. 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 is $52.31 and its two-hundred day moving average is $55.55. The firm has a market cap of $29.38 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 2.79 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.44 earnings per share. On average, research analysts predict that Tractor Supply Company will post 2.17 EPS for the current year.

Analyst Ratings Changes

TSCO has been the subject of a number of analyst reports. Mizuho lowered their target price on shares of Tractor Supply from $65.00 to $58.00 and set an “outperform” rating for the company in a research note on Friday, January 30th. Morgan Stanley decreased their price target on Tractor Supply from $60.00 to $57.00 and set an “equal weight” rating for the company in a report on Friday, January 30th. Zacks Research downgraded Tractor Supply from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. UBS Group set a $55.00 target price on Tractor Supply in a research note on Friday, January 30th. Finally, Robert W. Baird increased their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Fifteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Tractor Supply currently has an average rating of “Moderate Buy” and a consensus target price of $59.78.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III sold 84,670 shares of Tractor Supply stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $53.16, for a total value of $4,501,057.20. Following the transaction, the chief executive officer directly owned 606,842 shares in the company, valued at approximately $32,259,720.72. The trade was a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.65% of the company’s stock.

Tractor Supply Profile

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.