Tractor Supply (NASDAQ:TSCO) Stock Position Increased by Welch & Forbes LLC

Welch & Forbes LLC boosted its position in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,594 shares of the specialty retailer's stock after buying an additional 7,496 shares during the quarter. Welch & Forbes LLC owned 0.08% of Tractor Supply worth $19,050,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Citizens National Bank Trust Department lifted its position in shares of Tractor Supply by 0.5% during the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer's stock valued at $2,086,000 after acquiring an additional 45 shares during the last quarter. Allen Capital Group LLC lifted its holdings in shares of Tractor Supply by 0.6% during the third quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer's stock valued at $1,805,000 after purchasing an additional 53 shares during the last quarter. Fidelis Capital Partners LLC boosted its position in shares of Tractor Supply by 5.0% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer's stock valued at $240,000 after purchasing an additional 53 shares during the period. Scotia Capital Inc. increased its stake in Tractor Supply by 2.5% in the 3rd quarter. Scotia Capital Inc. now owns 2,177 shares of the specialty retailer's stock worth $442,000 after purchasing an additional 54 shares in the last quarter. Finally, Fernwood Investment Management LLC raised its holdings in Tractor Supply by 4.3% during the 4th quarter. Fernwood Investment Management LLC now owns 1,565 shares of the specialty retailer's stock worth $337,000 after buying an additional 65 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Piper Sandler raised their target price on Tractor Supply from $265.00 to $300.00 and gave the stock an "overweight" rating in a research report on Monday, April 29th. Wells Fargo & Company boosted their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the company an "overweight" rating in a research report on Monday, March 25th. Raymond James upped their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. Barclays lifted their target price on shares of Tractor Supply from $234.00 to $240.00 and gave the company an "equal weight" rating in a research note on Friday, April 26th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $235.00 price target on shares of Tractor Supply in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Tractor Supply currently has an average rating of "Hold" and a consensus price target of $253.54.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III sold 20,500 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 95,192 shares in the company, valued at approximately $22,173,072.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tractor Supply news, CEO Harry A. Lawton III sold 20,500 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the transaction, the chief executive officer now owns 95,192 shares of the company's stock, valued at approximately $22,173,072.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jonathan S. Estep sold 7,120 shares of Tractor Supply stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $232.26, for a total value of $1,653,691.20. Following the completion of the sale, the executive vice president now directly owns 13,605 shares of the company's stock, valued at $3,159,897.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,090 shares of company stock worth $21,201,877. Insiders own 0.24% of the company's stock.

Tractor Supply Price Performance

Shares of TSCO stock traded down $0.67 during trading hours on Monday, hitting $269.54. The company had a trading volume of 681,669 shares, compared to its average volume of 1,167,594. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $279.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. The firm's fifty day moving average is $255.80 and its 200 day moving average is $229.30. The firm has a market capitalization of $29.09 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 3.41 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its earnings results 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 net margin of 7.66% and a return on equity of 52.99%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Tractor Supply will post 10.3 EPS for the current fiscal year.

Tractor Supply Profile

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.

Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply (NASDAQ:TSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.