Cubist Systematic Strategies LLC Sells 12,430 Shares of Tractor Supply (TSCO)
Cubist Systematic Strategies LLC lessened its stake in Tractor Supply (NASDAQ:TSCO) by 82.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,617 shares of the specialty retailer’s stock after selling 12,430 shares during the period. Cubist Systematic Strategies LLC’s holdings in Tractor Supply were worth $166,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beacon Investment Advisory Services Inc. bought a new stake in shares of Tractor Supply in the 3rd quarter valued at about $266,000. Zions Bancorporation bought a new position in Tractor Supply during the 3rd quarter valued at approximately $239,000. Janus Henderson Group PLC raised its position in Tractor Supply by 138.6% during the 3rd quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock valued at $322,558,000 after purchasing an additional 2,960,119 shares during the last quarter. Grandeur Peak Global Advisors LLC bought a new position in Tractor Supply during the 3rd quarter valued at approximately $364,000. Finally, Vident Investment Advisory LLC bought a new position in Tractor Supply during the 3rd quarter valued at approximately $479,000. 92.33% of the stock is owned by institutional investors.
Tractor Supply (NASDAQ TSCO) opened at $79.61 on Friday. Tractor Supply has a twelve month low of $49.87 and a twelve month high of $79.85. 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 firm has a market capitalization of $10,000.00, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the business earned $0.67 EPS. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. sell-side analysts expect that Tractor Supply will post 3.28 earnings per share for the current fiscal year.
A number of research analysts have commented on the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $56.00 price target on shares of Tractor Supply in a research report on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of Tractor Supply in a research report on Friday, November 10th. Robert W. Baird set a $66.00 price target on Tractor Supply and gave the company a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered Tractor Supply from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Finally, Loop Capital set a $55.00 price target on Tractor Supply and gave the company a “hold” rating in a research report on Wednesday, October 25th. Sixteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $67.80.
In related news, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.
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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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