LMR Partners LLP bought a new position in Tractor Supply Co. (NASDAQ:TSCO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,048 shares of the company’s stock, valued at approximately $1,190,000.
A number of other large investors also recently bought and sold shares of TSCO. Mount Vernon Associates Inc. MD increased its stake in Tractor Supply by 0.6% in the second quarter. Mount Vernon Associates Inc. MD now owns 18,035 shares of the company’s stock worth $1,644,000 after buying an additional 100 shares during the period. Kelman Lazarov Inc. increased its stake in Tractor Supply by 4.3% in the second quarter. Kelman Lazarov Inc. now owns 2,919 shares of the company’s stock worth $270,000 after buying an additional 119 shares during the period. HL Financial Services LLC increased its stake in Tractor Supply by 3.6% in the second quarter. HL Financial Services LLC now owns 4,019 shares of the company’s stock worth $366,000 after buying an additional 140 shares during the period. SPC Financial Inc. increased its stake in Tractor Supply by 3.1% in the second quarter. SPC Financial Inc. now owns 5,685 shares of the company’s stock worth $518,000 after buying an additional 170 shares during the period. Finally, Eqis Capital Management Inc. increased its stake 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 during the period. 91.58% of the stock is owned by institutional investors and hedge funds.
Shares of Tractor Supply Co. (NASDAQ:TSCO) traded down 0.41% during trading on Friday, reaching $67.88. 1,183,727 shares of the company traded hands. The stock has a market capitalization of $9.07 billion, a PE ratio of 21.77 and a beta of 1.20. Tractor Supply Co. has a 52 week low of $66.43 and a 52 week high of $97.25. The firm has a 50 day moving average of $74.32 and a 200 day moving average of $87.39.
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. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $1.12 earnings per share. On average, equities analysts predict that Tractor Supply Co. will post $3.24 EPS for the current year.
A number of research firms have commented on TSCO. Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of Tractor Supply in a research report on Friday. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Tractor Supply in a research report on Friday. Zacks Investment Research downgraded shares of Tractor Supply from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. Royal Bank Of Canada downgraded shares of Tractor Supply from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $100.00 to $79.00 in a research report on Thursday, September 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Tractor Supply from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Thursday, June 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. The stock presently has an average 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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