Bath Savings Trust Co reduced its position in Tractor Supply (NASDAQ:TSCO) by 26.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,970 shares of the specialty retailer’s stock after selling 7,180 shares during the period. Bath Savings Trust Co’s holdings in Tractor Supply were worth $1,492,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Global X MANAGEMENT CO LLC boosted its position in 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 buying an additional 1,173 shares during the last quarter. Commonwealth Bank of Australia raised its stake 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 in the last quarter. Bristlecone Advisors LLC acquired a new stake in shares of Tractor Supply in the 3rd quarter valued at about $173,000. Palisade Asset Management LLC acquired a new stake in shares of Tractor Supply in the 3rd quarter valued at about $214,000. Finally, Brown Advisory Inc. acquired a new stake in shares of Tractor Supply in the 3rd quarter valued at about $232,000. 92.61% of the stock is owned by institutional investors.
Tractor Supply (TSCO) traded down $4.81 during midday trading on Thursday, reaching $71.44. 7,952,086 shares of the company’s stock traded hands, compared to its average volume of 1,660,000. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $82.68. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. The company has a market cap of $8,980.00, a PE ratio of 21.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. Tractor Supply’s quarterly revenue was up 1.9% on a year-over-year basis. equities research analysts anticipate that Tractor Supply will post 3.3 earnings per share for the current year.
A number of equities research analysts have recently issued reports on the stock. Oppenheimer restated a “hold” rating on shares of Tractor Supply in a research note on Thursday. Telsey Advisory Group restated a “market perform” rating and issued a $76.00 target price (down previously from $83.00) on shares of Tractor Supply in a research note on Thursday. Credit Suisse Group restated a “neutral” rating and issued a $73.00 target price (up previously from $52.00) on shares of Tractor Supply in a research note on Monday. Royal Bank of Canada upped their target price on shares of Tractor Supply to $74.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, BidaskClub lowered shares of Tractor Supply from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Seventeen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Tractor Supply presently has a consensus rating of “Hold” and a consensus price target of $71.50.
In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $69.03, for a total value of $2,973,536.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.
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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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