Campbell & CO Investment Adviser LLC bought a new position in Tractor Supply (NASDAQ:TSCO) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,551 shares of the specialty retailer’s stock, valued at approximately $321,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Fund Management S.A. raised its holdings in shares of Tractor Supply by 301.0% in the 2nd quarter. Capital Fund Management S.A. now owns 76,265 shares of the specialty retailer’s stock worth $8,298,000 after acquiring an additional 57,245 shares during the last quarter. Creative Planning raised its holdings in shares of Tractor Supply by 15.0% in the 2nd quarter. Creative Planning now owns 11,931 shares of the specialty retailer’s stock worth $1,298,000 after acquiring an additional 1,556 shares during the last quarter. Korea Investment CORP increased its stake in Tractor Supply by 54.1% in the 2nd quarter. Korea Investment CORP now owns 94,839 shares of the specialty retailer’s stock valued at $10,318,000 after buying an additional 33,300 shares during the last quarter. Tandem Investment Advisors Inc. increased its stake in Tractor Supply by 7.8% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 196,596 shares of the specialty retailer’s stock valued at $21,390,000 after buying an additional 14,195 shares during the last quarter. Finally, BB&T Corp increased its stake in Tractor Supply by 9.6% in the 2nd quarter. BB&T Corp now owns 12,990 shares of the specialty retailer’s stock valued at $1,413,000 after buying an additional 1,143 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.
In other news, SVP Chad Michael Frazell sold 17,857 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $110.04, for a total transaction of $1,964,984.28. Following the completion of the transaction, the senior vice president now directly owns 31,004 shares of the company’s stock, valued at approximately $3,411,680.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.
Several equities research analysts have commented on the stock. Northcoast Research upgraded shares of Tractor Supply from a “neutral” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Wednesday, October 2nd. Royal Bank of Canada set a $123.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Co decreased their price objective on shares of Tractor Supply from $125.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. ValuEngine lowered shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Piper Jaffray Companies increased their price objective on shares of Tractor Supply from $114.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Tractor Supply currently has a consensus rating of “Buy” and a consensus price target of $106.95.
Tractor Supply stock opened at $93.32 on Friday. Tractor Supply has a twelve month low of $78.67 and a twelve month high of $114.25. The firm has a 50 day moving average price of $95.53 and a 200-day moving average price of $102.58. The company has a market capitalization of $11.08 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.77 and a beta of 1.06. The company has a quick ratio of 0.16, a current ratio of 1.52 and a debt-to-equity ratio of 1.57.
Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, July 25th. The specialty retailer reported $1.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.01). Tractor Supply had a net margin of 6.71% and a return on equity of 36.12%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the company earned $1.69 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Equities analysts expect that Tractor Supply will post 4.74 EPS for the current fiscal year.
Tractor Supply Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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