3,589 Shares in Tractor Supply Co. (TSCO) Acquired by ING Groep NV
ING Groep NV acquired a new stake in shares of Tractor Supply Co. (NASDAQ:TSCO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,589 shares of the company’s stock, valued at approximately $327,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TSCO. Seven Eight Capital LLC bought a new position in shares of Tractor Supply during the first quarter valued at about $123,000. Douglass Winthrop Advisors LLC bought a new position in shares of Tractor Supply during the second quarter valued at about $219,000. Eqis Capital Management Inc. increased its position in shares of Tractor Supply by 7.0% in the second quarter. Eqis Capital Management Inc. now owns 2,602 shares of the company’s stock valued at $237,000 after buying an additional 171 shares during the period. WealthTrust Axiom LLC bought a new position in shares of Tractor Supply during the second quarter valued at about $240,000. Finally, First American Bank bought a new position in shares of Tractor Supply during the second quarter valued at about $246,000. Institutional investors and hedge funds own 91.58% of the company’s stock.
Tractor Supply Co. (NASDAQ:TSCO) traded up 0.01% during midday trading on Wednesday, hitting $68.27. 1,275,145 shares of the company were exchanged. Tractor Supply Co. has a 1-year low of $66.43 and a 1-year high of $97.25. The firm has a market capitalization of $9.13 billion, a PE ratio of 21.90 and a beta of 1.20. The stock has a 50 day moving average of $73.33 and a 200 day moving average of $87.08.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, hitting analysts’ consensus estimates of $1.16. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. On average, equities analysts predict that Tractor Supply Co. will post $3.24 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on TSCO. Zacks Investment Research downgraded shares of Tractor Supply from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Royal Bank Of Canada downgraded shares of Tractor Supply from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $100.00 to $79.00 in a report on Thursday, September 8th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $103.00 price objective (down previously from $105.00) on shares of Tractor Supply in a research note on Friday, July 1st. JPMorgan Chase & Co. reduced their price objective on shares of Tractor Supply from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Thursday, June 30th. Finally, Credit Suisse Group AG reissued an “overweight” rating and issued a $96.00 price objective (down previously from $100.00) on shares of Tractor Supply in a research note on Friday, July 1st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. Tractor Supply presently 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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