Kalmar Investments Inc. DE increased its stake in shares of Tractor Supply Co. (NASDAQ:TSCO) by 26.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 288,860 shares of the company’s stock after buying an additional 59,660 shares during the period. Kalmar Investments Inc. DE’s holdings in Tractor Supply were worth $26,338,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of TSCO. Bank of Montreal Can bought a new stake in Tractor Supply during the second quarter valued at $47,125,000. AMF Pensionsforsakring AB bought a new stake in Tractor Supply during the first quarter valued at $6,822,000. Geode Capital Management LLC increased its stake in 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. Waverton Investment Management Ltd bought a new stake in Tractor Supply during the second quarter valued at $4,176,000. Finally, Central Bank & Trust Co. increased its stake in Tractor Supply by 444.3% in the second quarter. Central Bank & Trust Co. now owns 52,053 shares of the company’s stock valued at $4,746,000 after buying an additional 42,490 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.
Tractor Supply Co. (NASDAQ:TSCO) traded up 3.22% during mid-day trading on Wednesday, reaching $67.37. 2,917,066 shares of the company were exchanged. The stock has a 50 day moving average of $70.75 and a 200-day moving average of $86.23. The stock has a market capitalization of $9.00 billion, a price-to-earnings ratio of 21.61 and a beta of 1.20. Tractor Supply Co. has a one year low of $65.22 and a one year high of $97.25.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, October 19th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. On average, equities analysts expect that Tractor Supply Co. will post $3.24 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on TSCO shares. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating on shares of Tractor Supply in a research note on Friday, August 5th. Zacks Investment Research upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. Morgan Stanley reiterated a “hold” rating and set a $95.00 price objective on shares of Tractor Supply in a report on Tuesday, September 6th. Barclays PLC reiterated an “overweight” rating and set a $90.00 price objective on shares of Tractor Supply in a report on Friday, September 30th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $74.00 price objective on shares of Tractor Supply in a report on Tuesday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. Tractor Supply currently has an average rating of “Hold” and an average target price 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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