Moloney Securities Asset Management LLC Raises Stock Position in Tractor Supply (NASDAQ:TSCO)

Moloney Securities Asset Management LLC increased its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 482.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,500 shares of the specialty retailer’s stock after purchasing an additional 3,727 shares during the period. Moloney Securities Asset Management LLC’s holdings in Tractor Supply were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TSCO. Private Advisor Group LLC raised its holdings in shares of Tractor Supply by 9.0% during the first quarter. Private Advisor Group LLC now owns 7,116 shares of the specialty retailer’s stock worth $1,862,000 after purchasing an additional 589 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Tractor Supply by 3.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,043 shares of the specialty retailer’s stock valued at $8,648,000 after buying an additional 1,152 shares in the last quarter. Avidian Wealth Solutions LLC purchased a new position in Tractor Supply in the first quarter valued at $211,000. 9258 Wealth Management LLC purchased a new position in Tractor Supply in the first quarter valued at $239,000. Finally, SPC Financial Inc. increased its holdings in Tractor Supply by 74.4% in the first quarter. SPC Financial Inc. now owns 6,307 shares of the specialty retailer’s stock valued at $1,651,000 after buying an additional 2,691 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TSCO. Loop Capital lifted their price objective on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a report on Friday, September 6th. Evercore ISI cut shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective for the company. in a report on Thursday, October 3rd. Gordon Haskett cut shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Mizuho lifted their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Piper Sandler lifted their price objective on shares of Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $282.82.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 5,170 shares in the company, valued at $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. 0.58% of the stock is currently owned by company insiders.

Tractor Supply Stock Performance

TSCO opened at $276.21 on Wednesday. The firm has a market capitalization of $29.79 billion, a PE ratio of 26.87, a PEG ratio of 3.39 and a beta of 0.82. Tractor Supply has a twelve month low of $193.60 and a twelve month high of $307.64. The firm’s 50-day moving average price is $282.37 and its 200 day moving average price is $274.26. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81.

About Tractor Supply

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.