Coldstream Capital Management Inc. Purchases 603 Shares of Tractor Supply (NASDAQ:TSCO)

Coldstream Capital Management Inc. grew its position in shares of Tractor Supply (NASDAQ:TSCOFree Report) by 6.8% in the 4th quarter, HoldingsChannel reports. The fund owned 9,528 shares of the specialty retailer’s stock after buying an additional 603 shares during the period. Coldstream Capital Management Inc.’s holdings in Tractor Supply were worth $2,049,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WCM Investment Management LLC bought a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $782,000. Todd Asset Management LLC bought a new stake in Tractor Supply during the fourth quarter worth $21,571,000. Impax Asset Management Group plc grew its holdings in Tractor Supply by 2,120.1% during the fourth 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 in the last quarter. LPL Financial LLC grew its holdings in Tractor Supply by 4.6% during the third quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock worth $23,122,000 after buying an additional 5,014 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Tractor Supply by 32,987.5% during the fourth 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 in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Benchmark reiterated a “buy” rating and set a $256.00 price target on shares of Tractor Supply in a report on Monday, April 22nd. Evercore ISI upped their price target on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. TD Cowen upped their price objective on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Robert W. Baird upped their price objective on Tractor Supply from $260.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Morgan Stanley upped their price objective on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $253.96.

Read Our Latest Stock Report on Tractor Supply

Tractor Supply Price Performance

TSCO traded down $3.21 during trading on Monday, reaching $282.46. 489,055 shares of the company were exchanged, compared to its average volume of 1,138,039. The company’s 50-day moving average is $260.34 and its two-hundred day moving average is $234.86. The company has a market cap of $30.45 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 3.59 and a beta of 0.82. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $287.89.

Tractor Supply (NASDAQ:TSCOGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter last year, the firm posted $1.65 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Research analysts forecast that Tractor Supply will post 10.33 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, May 24th. This represents a $4.40 annualized dividend and a yield of 1.56%. Tractor Supply’s payout ratio is 42.84%.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Tractor Supply news, EVP Colin Yankee sold 8,675 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 9,673 shares in the company, valued at approximately $2,418,250. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the sale, the chief financial officer now owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.

Tractor Supply Company Profile

(Free Report)

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 d├ęcor products consist of clothing, footwear, toys, snacks, and decorative merchandise.

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

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