Tractor Supply Company (TSCO) Shares Bought by Wasatch Advisors Inc.
Wasatch Advisors Inc. lifted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 52.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 8,400 shares of the specialty retailer’s stock after acquiring an additional 2,900 shares during the period. Wasatch Advisors Inc.’s holdings in Tractor Supply were worth $455,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of TSCO. Commonwealth Bank of Australia lifted its holdings in shares of Tractor Supply by 15.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after acquiring an additional 317 shares during the last quarter. Penserra Capital Management LLC bought a new stake in shares of Tractor Supply during the 2nd quarter worth $139,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of 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 acquiring an additional 828 shares during the last quarter. Globeflex Capital L P bought a new stake in shares of Tractor Supply during the 2nd quarter worth $206,000. Finally, Regent Investment Management LLC lifted its holdings in shares of 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 acquiring an additional 300 shares during the last quarter. 91.97% of the stock is owned by institutional investors.
Shares of Tractor Supply Company (TSCO) opened at 58.71 on Friday. The company has a market capitalization of $7.44 billion, a P/E ratio of 17.74 and a beta of 1.30. The firm has a 50-day moving average of $60.98 and a 200 day moving average of $58.34. Tractor Supply Company has a 1-year low of $49.87 and a 1-year high of $78.25.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.02). Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the business earned $1.16 EPS. Tractor Supply’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, analysts anticipate that Tractor Supply Company will post $3.25 EPS for the current year.
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A number of research firms have recently issued reports on TSCO. Piper Jaffray Companies reaffirmed a “hold” rating and set a $57.00 price objective on shares of Tractor Supply in a report on Friday, September 29th. UBS AG downgraded shares of Tractor Supply from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $62.00 to $67.00 in a report on Monday, October 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $66.00 price objective on shares of Tractor Supply in a report on Wednesday, October 4th. Wedbush reaffirmed an “outperform” rating and set a $72.00 price objective (up from $65.00) on shares of Tractor Supply in a report on Tuesday, October 3rd. Finally, Zacks Investment Research raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company. Tractor Supply presently has an average rating of “Hold” and a consensus target price of $70.35.
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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