Papp L Roy & Associates held its stake in shares of Tractor Supply Co. (NASDAQ:TSCO) during the second quarter, Holdings Channel reports. The institutional investor owned 14,025 shares of the company’s stock at the end of the second quarter. Papp L Roy & Associates’ holdings in Tractor Supply were worth $1,279,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Seven Eight Capital LLC bought a new position in Tractor Supply during the first quarter worth about $123,000. Douglass Winthrop Advisors LLC bought a new position in Tractor Supply during the second quarter worth about $219,000. Eqis Capital Management Inc. boosted its position in Tractor Supply by 7.0% in the second quarter. Eqis Capital Management Inc. now owns 2,602 shares of the company’s stock worth $237,000 after buying an additional 171 shares in the last quarter. WealthTrust Axiom LLC bought a new position in Tractor Supply during the second quarter worth about $240,000. Finally, First American Bank bought a new position in Tractor Supply during the second quarter worth about $246,000. 91.58% of the stock is owned by institutional investors.
Tractor Supply Co. (NASDAQ:TSCO) traded down 0.12% during midday trading on Tuesday, hitting $66.95. 1,472,052 shares of the stock traded hands. Tractor Supply Co. has a 52 week low of $66.43 and a 52 week high of $97.25. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 21.47 and a beta of 1.21. The stock’s 50-day moving average price is $76.35 and its 200 day moving average price is $87.99.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.16. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The business earned $1.85 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the business posted $1.12 earnings per share. Tractor Supply’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts predict that Tractor Supply Co. will post $3.24 EPS for the current year.
TSCO has been the subject of a number of research analyst reports. Goldman Sachs Group Inc. set a $77.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a research report on Monday, September 12th. Morgan Stanley reiterated a “hold” rating and set a $95.00 price objective on shares of Tractor Supply in a research report on Tuesday, September 6th. SunTrust Banks Inc. lowered their price objective on shares of Tractor Supply from $102.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, September 8th. Deutsche Bank AG lowered their price objective on shares of Tractor Supply from $76.00 to $72.00 and set a “buy” rating for the company in a research report on Friday. Finally, Wedbush cut shares of Tractor Supply from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $96.00 to $72.00 in a research report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.37.
About Tractor Supply
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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