W.H. Cornerstone Investments Inc. Purchases Shares of 936 Tractor Supply (NASDAQ:TSCO)

W.H. Cornerstone Investments Inc. acquired a new position in Tractor Supply (NASDAQ:TSCO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 936 shares of the specialty retailer’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. WCM Investment Management LLC bought a new stake in Tractor Supply in the fourth quarter valued at $782,000. Todd Asset Management LLC acquired a new stake in shares of Tractor Supply in the 4th quarter valued at about $21,571,000. LPL Financial LLC increased its position in Tractor Supply by 4.6% in the 3rd quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock valued at $23,122,000 after buying 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 worth $26,194,000 after buying an additional 116,330 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Tractor Supply by 32,987.5% during the 4th quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock worth $58,128,000 after buying an additional 269,508 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tractor Supply

In other Tractor Supply news, EVP Colin Yankee sold 8,675 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the sale, the executive vice president now owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tractor Supply news, EVP Colin Yankee sold 8,675 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the transaction, the executive vice president now owns 9,673 shares in the company, valued at approximately $2,418,250. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the sale, the chief financial officer now owns 20,678 shares in the company, valued at $5,314,246. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,090 shares of company stock worth $21,201,877. 0.24% of the stock is owned by corporate insiders.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO traded down $0.91 during trading on Monday, reaching $269.30. 370,904 shares of the stock traded hands, compared to its average volume of 1,163,905. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19. The stock has a market capitalization of $29.07 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 3.41 and a beta of 0.82. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $279.38. The company has a 50-day moving average of $255.80 and a 200-day moving average of $229.30.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating the consensus estimate of $1.70 by $0.13. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.65 earnings per share. Analysts forecast that Tractor Supply will post 10.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Guggenheim boosted their price objective on Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Stephens lowered shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $226.00 to $240.00 in a research note on Tuesday, January 23rd. Morgan Stanley boosted their target price on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. raised their price target on shares of Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a research report on Friday. Finally, UBS Group boosted their price objective on Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $253.54.

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.