Tractor Supply Co. (TSCO) Stake Reduced by Smith Salley & Associates
Smith Salley & Associates cut its stake in shares of Tractor Supply Co. (NASDAQ:TSCO) by 15.6% during the second quarter, Holdings Channel reports. The fund owned 5,990 shares of the company’s stock after selling 1,110 shares during the period. Smith Salley & Associates’ holdings in Tractor Supply were worth $546,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of Tractor Supply during the second quarter valued at about $47,125,000. AMF Pensionsforsakring AB acquired a new position in shares of Tractor Supply during the first quarter valued at about $6,822,000. Geode Capital Management LLC raised its position in shares of Tractor Supply by 6.1% in the first quarter. Geode Capital Management LLC now owns 1,185,331 shares of the company’s stock valued at $107,024,000 after buying an additional 68,301 shares during the last quarter. Kalmar Investments Inc. DE raised its position in shares of Tractor Supply by 26.0% in the second quarter. Kalmar Investments Inc. DE now owns 288,860 shares of the company’s stock valued at $26,338,000 after buying an additional 59,660 shares during the last quarter. Finally, Waverton Investment Management Ltd acquired a new position in shares of Tractor Supply during the second quarter valued at about $4,176,000. Institutional investors own 91.58% of the company’s stock.
Shares of Tractor Supply Co. (NASDAQ:TSCO) traded down 0.42% during mid-day trading on Friday, reaching $67.10. The company’s stock had a trading volume of 942,601 shares. The company has a 50-day moving average of $72.36 and a 200-day moving average of $86.81. The company has a market cap of $8.97 billion, a P/E ratio of 21.52 and a beta of 1.20. Tractor Supply Co. has a 12 month low of $66.43 and a 12 month high of $97.25.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.16. Tractor Supply had a return on equity of 30.30% and a net margin of 6.57%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the firm earned $1.12 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts forecast that Tractor Supply Co. will post $3.24 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on TSCO shares. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of Tractor Supply in a research note on Friday, August 5th. Zacks Investment Research raised Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. Morgan Stanley reissued a “hold” rating and set a $95.00 price objective on shares of Tractor Supply in a report on Tuesday, September 6th. Barclays PLC reissued an “overweight” rating and set a $90.00 price objective on shares of Tractor Supply in a report on Friday, September 30th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $74.00 price objective on shares of Tractor Supply in a report on Tuesday, October 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target 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.
Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply Co. (NASDAQ:TSCO).
Receive News & Ratings for Tractor Supply Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply Co. and related companies with MarketBeat.com's FREE daily email newsletter.