Retirement Systems of Alabama raised its stake in Tractor Supply Co. (NASDAQ:TSCO) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 68,023 shares of the company’s stock after buying an additional 556 shares during the period. Retirement Systems of Alabama’s holdings in Tractor Supply were worth $6,202,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. BlackRock Institutional Trust Company N.A. boosted its position in shares of Tractor Supply by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,430,901 shares of the company’s stock valued at $310,359,000 after buying an additional 15,671 shares during the period. Geode Capital Management LLC boosted 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 period. BlackRock Group LTD boosted its position in shares of Tractor Supply by 0.4% in the first quarter. BlackRock Group LTD now owns 968,880 shares of the company’s stock valued at $87,644,000 after buying an additional 4,021 shares during the period. Franklin Resources Inc. boosted its position in shares of Tractor Supply by 1.2% in the first quarter. Franklin Resources Inc. now owns 768,061 shares of the company’s stock valued at $69,479,000 after buying an additional 9,074 shares during the period. Finally, Bank of Montreal Can purchased a new position in shares of Tractor Supply during the second quarter valued at about $47,125,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.
Tractor Supply Co. (NASDAQ:TSCO) traded down 0.36% during trading on Tuesday, reaching $68.26. 2,165,811 shares of the company’s stock traded hands. Tractor Supply Co. has a one year low of $66.43 and a one year high of $97.25. The firm has a market capitalization of $9.12 billion, a PE ratio of 21.89 and a beta of 1.21. The company has a 50-day moving average price of $73.83 and a 200 day moving average price of $87.22.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.16. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The company earned $1.85 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the firm posted $1.12 EPS. Tractor Supply’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts anticipate that Tractor Supply Co. will post $3.24 earnings per share for the current fiscal year.
TSCO has been the subject of several recent analyst reports. Nomura reaffirmed a “buy” rating and issued a $105.00 target price on shares of Tractor Supply in a report on Thursday, June 30th. Raymond James Financial Inc. cut shares of Tractor Supply from a “strong-buy” rating to a “market perform” rating in a report on Thursday, September 8th. Wedbush reissued an “outperform” rating and set a $96.00 price objective on shares of Tractor Supply in a report on Thursday, June 30th. Zacks Investment Research raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $80.00 price objective (down from $110.00) on shares of Tractor Supply in a report on Monday, September 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus 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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