World Asset Management Inc decreased its position in Tractor Supply Company (NASDAQ:TSCO) by 11.4% during the second quarter, Holdings Channel reports. The firm owned 13,037 shares of the specialty retailer’s stock after selling 1,672 shares during the period. World Asset Management Inc’s holdings in Tractor Supply were worth $707,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TSCO. Bronfman E.L. Rothschild L.P. raised its stake in Tractor Supply by 3.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock worth $172,000 after buying an additional 91 shares during the last quarter. Dynamic Advisors Solutions LLC raised its stake in Tractor Supply by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the specialty retailer’s stock worth $211,000 after buying an additional 100 shares during the last quarter. Koch Industries Inc. purchased a new stake in Tractor Supply during the first quarter worth $216,000. Gofen & Glossberg LLC IL raised its stake in Tractor Supply by 6.7% in the first quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock worth $218,000 after buying an additional 200 shares during the last quarter. Finally, Cleararc Capital Inc. raised its stake in Tractor Supply by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock worth $221,000 after buying an additional 29 shares during the last quarter. Institutional investors own 91.37% of the company’s stock.

Shares of Tractor Supply Company (NASDAQ TSCO) opened at 56.61 on Tuesday. Tractor Supply Company has a 12-month low of $49.87 and a 12-month high of $87.57. The firm has a market capitalization of $7.26 billion, a P/E ratio of 17.11 and a beta of 1.32. The stock has a 50 day moving average price of $53.36 and a 200 day moving average price of $63.42.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the firm posted $1.16 earnings per share. Tractor Supply’s revenue was up 8.9% compared to the same quarter last year. Equities analysts anticipate that Tractor Supply Company will post $3.25 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/08/world-asset-management-inc-sells-1672-shares-of-tractor-supply-company-nasdaqtsco.html.

A number of research firms recently weighed in on TSCO. UBS AG restated a “buy” rating and set a $75.00 target price (down from $86.00) on shares of Tractor Supply in a research note on Friday, April 28th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Tractor Supply in a research note on Thursday, July 27th. BMO Capital Markets upped their target price on shares of Tractor Supply from $57.00 to $58.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. BidaskClub upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Deutsche Bank AG restated a “hold” rating and set a $54.00 target price (down from $69.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Nineteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Tractor Supply has a consensus rating of “Hold” and an average target price of $74.91.

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.

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 Company (NASDAQ:TSCO).

Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

Receive News & Ratings for Tractor Supply Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply Company and related companies with MarketBeat.com's FREE daily email newsletter.