TimesSquare Capital Management LLC Lowers Stock Holdings in Tractor Supply (NASDAQ:TSCO)

TimesSquare Capital Management LLC lowered its stake in Tractor Supply (NASDAQ:TSCO - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,016 shares of the specialty retailer's stock after selling 43,775 shares during the period. TimesSquare Capital Management LLC owned approximately 0.15% of Tractor Supply worth $34,408,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TSCO. OFI Invest Asset Management acquired a new position in Tractor Supply in the 3rd quarter valued at $25,000. Pinnacle Bancorp Inc. acquired a new position in shares of Tractor Supply during the fourth quarter worth about $28,000. VisionPoint Advisory Group LLC raised its holdings in Tractor Supply by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 148 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 76 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Tractor Supply in the third quarter valued at about $33,000. Finally, Cetera Trust Company N.A purchased a new stake in Tractor Supply in the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Insider Buying and Selling at Tractor Supply

In other news, EVP Jonathan S. Estep sold 7,120 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the completion of the sale, the executive vice president now directly owns 13,605 shares in the company, valued at approximately $3,159,897.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the completion of the sale, the executive vice president now owns 22,167 shares of the company's stock, valued at approximately $5,147,842.41. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan S. Estep sold 7,120 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the completion of the transaction, the executive vice president now owns 13,605 shares in the company, valued at approximately $3,159,897.30. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock worth $21,201,877 in the last quarter. 0.58% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TSCO shares. Mizuho reissued a "neutral" rating and set a $250.00 target price (up from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. JPMorgan Chase & Co. raised their target price on Tractor Supply from $241.00 to $263.00 and gave the company a "neutral" rating in a report on Friday, May 3rd. Stephens downgraded shares of Tractor Supply from an "overweight" rating to an "equal weight" rating and boosted their price objective for the stock from $226.00 to $240.00 in a report on Tuesday, January 23rd. Robert W. Baird upped their target price on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group lifted their price target on shares of Tractor Supply from $230.00 to $262.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $253.54.

Tractor Supply Trading Down 1.3 %

Shares of NASDAQ:TSCO traded down $3.48 during midday trading on Wednesday, reaching $266.65. The company's stock had a trading volume of 831,785 shares, compared to its average volume of 1,157,902. The business has a 50 day moving average price of $257.00 and a 200 day moving average price of $230.56. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $279.38. The firm has a market cap of $28.78 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 3.41 and a beta of 0.82. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings data 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 period in the prior year, the firm posted $1.65 EPS. The company's revenue was up 2.8% on a year-over-year basis. Research analysts forecast that Tractor Supply will post 10.3 EPS for the current 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.

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