Davis R M Inc. cut its position in Tractor Supply (NASDAQ:TSCO) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,695 shares of the specialty retailer’s stock after selling 12,235 shares during the quarter. Davis R M Inc.’s holdings in Tractor Supply were worth $4,163,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global X MANAGEMENT CO LLC boosted its position in shares of Tractor Supply by 191.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 1,173 shares during the period. Commonwealth Bank of Australia boosted 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 purchasing an additional 317 shares during the period. Bristlecone Advisors LLC acquired a new stake in shares of Tractor Supply in the 3rd quarter valued at about $173,000. Globeflex Capital L P acquired a new stake in shares of Tractor Supply in the 2nd quarter valued at about $206,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Tractor Supply in the 3rd quarter valued at about $214,000. 92.21% of the stock is owned by hedge funds and other institutional investors.
In other news, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.
A number of analysts have weighed in on the company. Guggenheim reaffirmed a “buy” rating and set a $88.00 price objective on shares of Tractor Supply in a research report on Tuesday. Stephens reaffirmed a “hold” rating and set a $79.00 price objective on shares of Tractor Supply in a research report on Wednesday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $57.00 price objective on shares of Tractor Supply in a research report on Friday, September 29th. Zacks Investment Research raised Tractor Supply from a “hold” rating to a “strong-buy” rating and set a $89.00 price objective for the company in a research report on Monday, January 8th. Finally, Wedbush cut Tractor Supply from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $72.00 to $80.00 in a research report on Thursday, January 11th. Sixteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $69.40.
Tractor Supply (TSCO) opened at $79.18 on Wednesday. The stock has a market capitalization of $9,940.00, a P/E ratio of 23.50, a PEG ratio of 1.52 and a beta of 1.31. Tractor Supply has a one year low of $49.87 and a one year high of $80.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 EPS. research analysts anticipate that Tractor Supply will post 3.29 earnings per share for the current year.
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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.
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