Tractor Supply (NASDAQ:TSCO) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,667 shares of the specialty retailer’s stock after purchasing an additional 3,468 shares during the quarter. Russell Investments Group Ltd.’s holdings in Tractor Supply were worth $9,394,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. WCM Investment Management LLC acquired a new position in shares of Tractor Supply in the fourth quarter worth about $782,000. LPL Financial LLC grew its position in Tractor Supply by 4.6% during the 3rd quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock worth $23,122,000 after purchasing an additional 5,014 shares in the last quarter. Impax Asset Management Group plc raised its stake in Tractor Supply by 2,120.1% during the 4th quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock valued at $26,194,000 after purchasing an additional 116,330 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Tractor Supply by 32,987.5% in the fourth quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock valued at $58,128,000 after purchasing an additional 269,508 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its position in shares of Tractor Supply by 397.6% in the fourth quarter. Copeland Capital Management LLC now owns 5,090 shares of the specialty retailer’s stock worth $1,095,000 after buying an additional 4,067 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity

In related news, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the completion of the transaction, the chief executive officer now directly owns 95,192 shares of the company’s stock, valued at approximately $22,173,072.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tractor Supply news, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the transaction, the chief executive officer now owns 95,192 shares in the company, valued at approximately $22,173,072.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jonathan S. Estep sold 7,120 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.26, for a total value of $1,653,691.20. Following the sale, 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. In the last quarter, insiders have sold 90,090 shares of company stock worth $21,201,877. Corporate insiders own 0.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Robert W. Baird boosted their target price on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Morgan Stanley raised their price objective on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Evercore ISI boosted their target price on shares of Tractor Supply from $275.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Truist Financial raised their price target on shares of Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Mizuho reiterated a “neutral” rating and issued a $250.00 price objective (up from $245.00) on shares of Tractor Supply in a report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $253.54.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $269.54 on Tuesday. The firm has a market capitalization of $29.09 billion, a PE ratio of 26.25, 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 has a 12-month low of $185.00 and a 12-month high of $279.38. The firm has a 50-day moving average price of $256.34 and a 200 day moving average price of $229.78.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the prior year, the firm posted $1.65 EPS. Tractor Supply’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts anticipate that Tractor Supply will post 10.3 earnings per share for the current fiscal year.

Tractor Supply Company 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.