APG Asset Management N.V. Reduces Stake in Tractor Supply (NASDAQ:TSCO)

APG Asset Management N.V. reduced its stake in Tractor Supply (NASDAQ:TSCO) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,362 shares of the specialty retailer’s stock after selling 21,400 shares during the period. APG Asset Management N.V. owned approximately 0.10% of Tractor Supply worth $9,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc lifted its holdings in Tractor Supply by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 12,358,247 shares of the specialty retailer’s stock worth $1,123,118,000 after buying an additional 35,414 shares in the last quarter. BlackRock Inc. lifted 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 during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of 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 purchasing an additional 3,909,832 shares during the period. JPMorgan Chase & Co. lifted 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 during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Tractor Supply by 11.3% in the 4th quarter. Geode Capital Management LLC now owns 1,931,675 shares of the specialty retailer’s stock valued at $160,949,000 after purchasing an additional 195,817 shares during the period. Institutional investors own 82.82% of the company’s stock.

A number of research analysts have recently weighed in on TSCO shares. Zacks Investment Research reissued a “hold” rating and issued a $90.00 price target on shares of Tractor Supply in a research note on Monday, December 31st. BidaskClub downgraded Tractor Supply from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Bank of America reaffirmed a “neutral” rating and set a $90.00 price objective (down previously from $95.00) on shares of Tractor Supply in a research note on Wednesday, January 9th. Credit Suisse Group reiterated a “hold” rating and set a $85.00 target price on shares of Tractor Supply in a report on Tuesday, January 29th. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $102.00 target price on shares of Tractor Supply in a report on Monday, February 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $97.44.

NASDAQ:TSCO traded up $0.07 during mid-day trading on Friday, hitting $105.13. The stock had a trading volume of 1,826,216 shares, compared to its average volume of 1,485,439. Tractor Supply has a twelve month low of $64.16 and a twelve month high of $107.98. The company has a market capitalization of $12.49 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.22 and a current ratio of 1.91.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.07. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. Tractor Supply had a net margin of 6.73% and a return on equity of 36.86%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share. As a group, equities analysts forecast that Tractor Supply will post 4.71 earnings per share for the current year.

In other news, Director Edna Morris sold 4,174 shares of Tractor Supply 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 sale, the director now directly owns 1,916 shares in the company, valued at $184,070.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Benjamin F. Parrish, Jr. sold 2,000 shares of Tractor Supply stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $99.05, for a total transaction of $198,100.00. Following the completion of the transaction, the executive vice president now directly owns 26,549 shares in the company, valued at $2,629,678.45. The disclosure for this sale can be found here. Insiders have sold 346,369 shares of company stock valued at $34,881,726 over the last 90 days. Company insiders own 1.50% of the company’s stock.

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About Tractor Supply

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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