Tandem Investment Advisors Inc. trimmed its position in Tractor Supply Company (NASDAQ:TSCO) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,000 shares of the specialty retailer’s stock after selling 2,437 shares during the period. Tractor Supply makes up approximately 2.1% of Tandem Investment Advisors Inc.’s holdings, making the stock its 26th biggest holding. Tandem Investment Advisors Inc. owned 0.07% of Tractor Supply worth $5,570,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Commonwealth Bank of Australia raised its position in shares of Tractor Supply by 15.4% in 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 during the period. Penserra Capital Management LLC acquired a new stake in Tractor Supply during the 2nd quarter worth approximately $139,000. Bronfman E.L. Rothschild L.P. raised its holdings 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 worth $180,000 after buying an additional 828 shares during the period. Globeflex Capital L P acquired a new stake in Tractor Supply during the 2nd quarter worth approximately $206,000. Finally, Regent Investment Management LLC raised its holdings in Tractor Supply by 8.0% during the 2nd quarter. Regent Investment Management LLC now owns 4,070 shares of the specialty retailer’s stock worth $221,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.
Tractor Supply Company (NASDAQ TSCO) traded down 0.12% during mid-day trading on Friday, hitting $57.28. The stock had a trading volume of 1,222,562 shares. The firm has a market cap of $7.26 billion, a PE ratio of 17.31 and a beta of 1.30. The company’s 50 day moving average price is $60.81 and its 200 day moving average price is $57.96. Tractor Supply Company has a 52 week low of $49.87 and a 52 week high of $78.25.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Tractor Supply had a return on equity of 31.06% and a net margin of 6.04%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the business posted $0.67 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. Analysts anticipate that Tractor Supply Company will post $3.25 earnings per share for the current year.
Several brokerages have commented on TSCO. Zacks Investment Research upgraded shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $56.00 price target on shares of Tractor Supply in a research note on Friday. Robert W. Baird set a $66.00 price target on shares of Tractor Supply and gave the stock a “buy” rating in a research note on Thursday. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Tractor Supply in a research note on Thursday. Finally, Deutsche Bank AG decreased their target price on shares of Tractor Supply from $54.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday. Fifteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $68.63.
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Tractor Supply Company Profile
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.
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