Tandem Investment Advisors Inc. Has $6.74 Million Holdings in Tractor Supply (TSCO)

Tandem Investment Advisors Inc. raised its stake in Tractor Supply (NASDAQ:TSCO) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,181 shares of the specialty retailer’s stock after purchasing an additional 2,181 shares during the period. Tractor Supply comprises 2.3% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 25th biggest position. Tandem Investment Advisors Inc.’s holdings in Tractor Supply were worth $6,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TSCO. Ameriprise Financial Inc. raised its position in Tractor Supply by 7,599.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,230,168 shares of the specialty retailer’s stock valued at $229,319,000 after purchasing an additional 4,175,224 shares in the last quarter. Janus Henderson Group PLC raised its position in Tractor Supply by 138.6% in the 3rd quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock valued at $322,558,000 after purchasing an additional 2,960,119 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Tractor Supply by 328.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,072,446 shares of the specialty retailer’s stock worth $58,137,000 after acquiring an additional 821,979 shares in the last quarter. Permian Investment Partners LP acquired a new stake in shares of Tractor Supply during the 2nd quarter worth about $38,901,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Tractor Supply during the 3rd quarter worth about $31,338,000. 92.33% of the stock is currently owned by institutional investors.

In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of Tractor Supply stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Piper Jaffray Companies reissued a “hold” rating and set a $56.00 target price on shares of Tractor Supply in a research report on Friday, October 27th. KeyCorp reissued a “hold” rating on shares of Tractor Supply in a research report on Friday, November 10th. Robert W. Baird set a $66.00 target price on Tractor Supply and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered Tractor Supply from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Finally, Loop Capital set a $55.00 target price on Tractor Supply and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Fifteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $67.40.

Tractor Supply (NASDAQ TSCO) traded up $0.07 on Tuesday, reaching $79.32. The company’s stock had a trading volume of 393,803 shares, compared to its average volume of 1,434,340. The firm has a market capitalization of $9,930.00, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31. Tractor Supply has a 52 week low of $49.87 and a 52 week high of $79.72. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share. sell-side analysts predict that Tractor Supply will post 3.28 earnings per share for the current fiscal year.

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About Tractor Supply

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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