Tractor Supply (NASDAQ:TSCO) Stock Holdings Increased by Versant Capital Management Inc

Versant Capital Management Inc boosted its position in Tractor Supply (NASDAQ:TSCO) by 393.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153 shares of the specialty retailer’s stock after buying an additional 122 shares during the quarter. Versant Capital Management Inc’s holdings in Tractor Supply were worth $41,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC acquired a new stake in Tractor Supply in the fourth quarter worth approximately $216,000. International Assets Investment Management LLC lifted its position in 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 worth $58,128,000 after purchasing an additional 269,508 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of Tractor Supply during the 4th quarter valued at $201,000. Prime Capital Investment Advisors LLC lifted its position in shares of Tractor Supply by 318.4% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 17,687 shares of the specialty retailer’s stock valued at $3,803,000 after acquiring an additional 13,460 shares during the last quarter. Finally, Tritonpoint Wealth LLC acquired a new stake in shares of Tractor Supply during the 4th quarter valued at $681,000. 98.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TSCO shares. Mizuho reiterated a “neutral” rating and set a $250.00 price objective (up previously from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Barclays boosted their target price on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Morgan Stanley boosted their target price on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. Benchmark reissued a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a research note on Friday, July 26th. Finally, Truist Financial upped their price target on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $256.58.

Tractor Supply Price Performance

Shares of NASDAQ TSCO traded up $1.13 during mid-day trading on Wednesday, hitting $261.15. 66,327 shares of the stock were exchanged, compared to its average volume of 1,134,364. The company has a market cap of $28.15 billion, a P/E ratio of 25.32, a PEG ratio of 3.17 and a beta of 0.81. The stock’s fifty day simple moving average is $270.16 and its two-hundred day simple moving average is $259.40. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting the consensus estimate of $3.93. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $3.83 earnings per share. As a group, analysts forecast that Tractor Supply will post 10.23 EPS 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.