Psagot Investment House Ltd. acquired a new stake in Tractor Supply (NASDAQ:TSCO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 415 shares of the specialty retailer’s stock, valued at approximately $35,000.
A number of other large investors have also recently bought and sold shares of TSCO. Oregon Public Employees Retirement Fund boosted its position in Tractor Supply by 12,298.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,941,622 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 3,909,832 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Tractor Supply by 73.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,339,567 shares of the specialty retailer’s stock valued at $212,619,000 after purchasing an additional 987,193 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Tractor Supply in the 3rd quarter valued at about $89,427,000. BlackRock Inc. raised its stake in shares of Tractor Supply by 10.0% in the 4th quarter. BlackRock Inc. now owns 9,093,256 shares of the specialty retailer’s stock valued at $758,740,000 after purchasing an additional 829,133 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Tractor Supply by 143.9% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 672,050 shares of the specialty retailer’s stock valued at $61,076,000 after purchasing an additional 396,489 shares in the last quarter. 82.26% of the stock is owned by institutional investors.
TSCO traded down $0.81 on Friday, hitting $103.09. 1,407,358 shares of the company’s stock were exchanged, compared to its average volume of 1,297,426. Tractor Supply has a twelve month low of $59.48 and a twelve month high of $106.08. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The company has a quick ratio of 0.22, a current ratio of 1.91 and a debt-to-equity ratio of 0.26.
TSCO has been the topic of a number of recent analyst reports. Credit Suisse Group restated a “hold” rating and issued a $85.00 target price on shares of Tractor Supply in a research note on Tuesday, January 29th. BidaskClub lowered shares of Tractor Supply from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Wells Fargo & Co upped their target price on shares of Tractor Supply from $102.00 to $108.00 and gave the company an “outperform” rating in a research note on Thursday, February 14th. Bank of America restated a “neutral” rating and issued a $90.00 target price (down previously from $95.00) on shares of Tractor Supply in a research note on Wednesday, January 9th. Finally, Loop Capital upped their target price on shares of Tractor Supply to $106.00 and gave the company a “hold” rating in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $96.11.
In other news, Director Edna Morris sold 4,174 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $96.07, for a total value of $400,996.18. Following the completion of the transaction, the director now directly owns 1,916 shares in the company, valued at $184,070.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Benjamin F. Parrish, Jr. sold 37,596 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $99.00, for a total transaction of $3,722,004.00. Following the completion of the transaction, the executive vice president now owns 26,549 shares of the company’s stock, valued at $2,628,351. The disclosure for this sale can be found here. Insiders sold 346,369 shares of company stock worth $34,881,726 in the last 90 days. 1.50% of the stock is owned by company insiders.
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Tractor Supply Company 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.
Further Reading: Momentum Investing
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