BB&T Investment Services Inc. Takes $396,000 Position in Tractor Supply Company (TSCO)

BB&T Investment Services Inc. bought a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,322 shares of the specialty retailer’s stock, valued at approximately $396,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSCO. Commonwealth Bank of Australia boosted its position in Tractor Supply by 15.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 317 shares in the last quarter. Penserra Capital Management LLC bought a new stake in Tractor Supply during the 2nd quarter valued at $139,000. Bronfman E.L. Rothschild L.P. boosted its position in Tractor Supply by 33.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 828 shares in the last quarter. Globeflex Capital L P bought a new stake in Tractor Supply during the 2nd quarter valued at $206,000. Finally, Koch Industries Inc. bought a new stake in Tractor Supply during the 1st quarter valued at $216,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tractor Supply Company (NASDAQ:TSCO) traded down 1.95% during trading on Thursday, reaching $58.27. The company had a trading volume of 1,214,068 shares. The firm has a market capitalization of $7.38 billion, a PE ratio of 17.61 and a beta of 1.30. Tractor Supply Company has a 1-year low of $49.87 and a 1-year high of $78.25. The firm has a 50-day moving average of $60.95 and a 200 day moving average of $58.69.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.02). Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the company posted $1.16 earnings per share. Tractor Supply’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that Tractor Supply Company will post $3.25 earnings per share for the current year.

TSCO has been the topic of several recent research reports. Bank of America Corporation reaffirmed a “buy” rating and set a $69.00 target price on shares of Tractor Supply in a research report on Tuesday, September 5th. Barclays PLC reaffirmed an “overweight” rating and set a $70.00 target price (down previously from $90.00) on shares of Tractor Supply in a research report on Saturday, July 22nd. Credit Suisse Group reaffirmed a “hold” rating and set a $54.00 target price on shares of Tractor Supply in a research report on Wednesday, September 13th. Guggenheim reaffirmed a “buy” rating and set a $70.00 target price (down previously from $80.00) on shares of Tractor Supply in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies set a $55.00 target price on Tractor Supply and gave the company a “hold” rating in a research report on Tuesday, July 25th. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and a consensus target price of $70.35.

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About Tractor Supply

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

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

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