State of Alaska Department of Revenue Has $3.35 Million Holdings in Tractor Supply (TSCO)

State of Alaska Department of Revenue raised its holdings in Tractor Supply (NASDAQ:TSCO) by 13.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 34,311 shares of the specialty retailer’s stock after acquiring an additional 3,958 shares during the period. State of Alaska Department of Revenue’s holdings in Tractor Supply were worth $3,353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cordasco Financial Network raised its holdings in Tractor Supply by 53.6% in the 4th quarter. Cordasco Financial Network now owns 338 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 118 shares during the last quarter. Huntington National Bank raised its holdings in Tractor Supply by 2.6% in the 4th quarter. Huntington National Bank now owns 5,219 shares of the specialty retailer’s stock valued at $435,000 after acquiring an additional 134 shares during the last quarter. Valley National Advisers Inc. raised its holdings in Tractor Supply by 1.5% in the 4th quarter. Valley National Advisers Inc. now owns 10,008 shares of the specialty retailer’s stock valued at $835,000 after acquiring an additional 149 shares during the last quarter. Resources Management Corp CT ADV raised its holdings in Tractor Supply by 2.3% in the 4th quarter. Resources Management Corp CT ADV now owns 7,750 shares of the specialty retailer’s stock valued at $646,000 after acquiring an additional 175 shares during the last quarter. Finally, LS Investment Advisors LLC raised its holdings in Tractor Supply by 3.8% in the 4th quarter. LS Investment Advisors LLC now owns 4,929 shares of the specialty retailer’s stock valued at $411,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 82.23% of the company’s stock.

In related news, CEO Gregory A. Sandfort sold 25,896 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $95.00, for a total transaction of $2,460,120.00. Following the sale, the chief executive officer now owns 117,554 shares in the company, valued at $11,167,630. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Steve K. Barbarick sold 58,597 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $99.70, for a total transaction of $5,842,120.90. Following the sale, the chief operating officer now owns 94,301 shares in the company, valued at approximately $9,401,809.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 271,702 shares of company stock worth $27,041,691. 1.50% of the stock is owned by company insiders.

Shares of NASDAQ TSCO opened at $104.25 on Monday. Tractor Supply has a 52-week low of $58.27 and a 52-week high of $104.74. The firm has a market cap of $12.47 billion, a PE ratio of 24.19, a P/E/G ratio of 1.95 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 0.22.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, January 31st. The specialty retailer reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.02. Tractor Supply had a net margin of 6.73% and a return on equity of 36.86%. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.10 billion. As a group, sell-side analysts expect that Tractor Supply will post 4.71 EPS for the current fiscal year.

Several brokerages have recently issued reports on TSCO. Zacks Investment Research cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Thursday. Piper Jaffray Companies boosted their price objective on shares of Tractor Supply from $102.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday. BidaskClub raised shares of Tractor Supply from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. Evercore ISI began coverage on shares of Tractor Supply in a research note on Wednesday, March 20th. They set an “outperform” rating and a $105.00 price objective for the company. Finally, Bank of America reissued a “neutral” rating and set a $95.00 price objective on shares of Tractor Supply in a research note on Thursday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $93.53.

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Tractor Supply 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.

See Also: Ex-Dividend

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

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