NorthRock Partners LLC Lowers Stock Holdings in Tractor Supply (NASDAQ:TSCO)

NorthRock Partners LLC lessened its stake in shares of Tractor Supply (NASDAQ:TSCO) by 24.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 726 shares of the specialty retailer’s stock after selling 233 shares during the quarter. NorthRock Partners LLC’s holdings in Tractor Supply were worth $211,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Private Advisor Group LLC lifted its stake in shares of Tractor Supply by 9.0% in the 1st quarter. Private Advisor Group LLC now owns 7,116 shares of the specialty retailer’s stock worth $1,862,000 after acquiring an additional 589 shares during the period. Avidian Wealth Solutions LLC purchased a new stake in Tractor Supply in the 1st quarter valued at approximately $211,000. Duality Advisers LP increased its position in Tractor Supply by 24.6% during the 1st quarter. Duality Advisers LP now owns 25,733 shares of the specialty retailer’s stock worth $6,735,000 after purchasing an additional 5,079 shares during the period. Empirical Finance LLC raised its stake in shares of Tractor Supply by 3.4% during the 1st quarter. Empirical Finance LLC now owns 4,039 shares of the specialty retailer’s stock worth $1,057,000 after buying an additional 133 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Tractor Supply by 3.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,980 shares of the specialty retailer’s stock valued at $1,565,000 after buying an additional 188 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $288.95 on Thursday. The firm has a market cap of $31.17 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 3.39 and a beta of 0.82. Tractor Supply has a 12-month low of $193.60 and a 12-month high of $307.64. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The company’s 50-day moving average is $282.44 and its two-hundred day moving average is $274.43.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Loop Capital upped their price objective on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Raymond James upped their price target on shares of Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Benchmark raised their price objective on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Piper Sandler upped their target price on shares of Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Finally, Melius Research began coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They set a “buy” rating and a $315.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $282.82.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

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.