Tractor Supply Co. (TSCO) Shares Sold by Trillium Asset Management LLC
Trillium Asset Management LLC decreased its position in Tractor Supply Co. (NASDAQ:TSCO) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 73,697 shares of the company’s stock after selling 485 shares during the period. Trillium Asset Management LLC’s holdings in Tractor Supply were worth $6,720,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Wexford Capital LP acquired a new position in Tractor Supply during the first quarter valued at approximately $2,035,000. Meiji Yasuda Asset Management Co Ltd. raised its stake in Tractor Supply by 44.5% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,342 shares of the company’s stock valued at $664,000 after buying an additional 2,260 shares during the period. AMF Pensionsforsakring AB purchased a new stake in Tractor Supply during the first quarter valued at about $6,822,000. Motley Fool Wealth Management LLC raised its stake in Tractor Supply by 55.7% in the first quarter. Motley Fool Wealth Management LLC now owns 31,722 shares of the company’s stock valued at $2,870,000 after buying an additional 11,353 shares during the period. Finally, CapWealth Advisors LLC raised its stake in Tractor Supply by 885.8% in the first quarter. CapWealth Advisors LLC now owns 18,395 shares of the company’s stock valued at $1,664,000 after buying an additional 16,529 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.
Tractor Supply Co. (NASDAQ:TSCO) traded up 1.37% during trading on Thursday, hitting $68.16. 1,502,238 shares of the stock traded hands. The stock has a market cap of $9.11 billion, a P/E ratio of 21.86 and a beta of 1.20. The firm’s 50-day moving average is $75.29 and its 200-day moving average is $87.68. Tractor Supply Co. has a 12 month low of $66.43 and a 12 month high of $97.25.
Tractor Supply (NASDAQ:TSCO) last released its earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.16. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts forecast that Tractor Supply Co. will post $3.24 EPS for the current year.
TSCO has been the subject of several analyst reports. Goldman Sachs Group Inc. set a $77.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a report on Monday, September 12th. Morgan Stanley restated a “hold” rating and issued a $95.00 target price on shares of Tractor Supply in a report on Tuesday, September 6th. Deutsche Bank AG lowered their target price on shares of Tractor Supply from $76.00 to $72.00 and set a “buy” rating for the company in a report on Friday, September 30th. SunTrust Banks Inc. lowered their target price on shares of Tractor Supply from $102.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, September 8th. Finally, Wedbush downgraded shares of Tractor Supply from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $96.00 to $72.00 in a research note on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. Tractor Supply has an average rating of “Hold” and an average target price of $88.37.
Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company operates in the retail sale of products that support the rural lifestyle segment. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.
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