Clean Yield Group reduced its stake in shares of Tractor Supply Co. (NASDAQ:TSCO) by 5.1% during the second quarter, Holdings Channel reports. The firm owned 1,872 shares of the company’s stock after selling 100 shares during the period. Clean Yield Group’s holdings in Tractor Supply were worth $171,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the stock. Seven Eight Capital LLC acquired a new position in shares of Tractor Supply during the first quarter valued at about $123,000. Douglass Winthrop Advisors LLC acquired a new position in shares of Tractor Supply during the second quarter valued at about $219,000. Eqis Capital Management Inc. boosted 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 acquired a new position in shares of Tractor Supply during the second quarter valued at about $240,000. Finally, First American Bank acquired a new position in shares of Tractor Supply during the second quarter valued at about $246,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.
Shares of Tractor Supply Co. (NASDAQ:TSCO) traded down 0.48% during mid-day trading on Monday, hitting $67.03. 2,245,842 shares of the stock traded hands. Tractor Supply Co. has a 1-year low of $66.43 and a 1-year high of $97.25. The company’s 50-day moving average price is $76.35 and its 200 day moving average price is $87.99. The company has a market capitalization of $8.96 billion, a PE ratio of 21.50 and a beta of 1.21.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.16. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The firm earned $1.85 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The business’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 EPS for the current fiscal year.
TSCO has been the topic of a number of analyst reports. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $103.00 price objective (down from $105.00) on shares of Tractor Supply in a research note on Friday, July 1st. Wedbush reaffirmed an “outperform” rating and issued a $96.00 price objective on shares of Tractor Supply in a research note on Friday, August 12th. Deutsche Bank AG reduced their price objective on shares of Tractor Supply from $76.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday. Credit Suisse Group AG lowered shares of Tractor Supply from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $96.00 to $72.00 in a research note on Thursday, September 8th. Finally, Cowen and Company initiated coverage on shares of Tractor Supply in a research note on Thursday, September 8th. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given 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.
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