Montag & Caldwell LLC increased its position in shares of Tractor Supply Co. (NASDAQ:TSCO) by 0.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,635 shares of the company’s stock after buying an additional 20 shares during the period. Montag & Caldwell LLC’s holdings in Tractor Supply were worth $879,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. BARING ASSET MANAGEMENT Ltd boosted its stake in Tractor Supply by 7.3% in the second quarter. BARING ASSET MANAGEMENT Ltd now owns 115,031 shares of the company’s stock worth $10,489,000 after buying an additional 7,784 shares in the last quarter. Geode Capital Management LLC boosted 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 worth $107,024,000 after buying an additional 68,301 shares in the last quarter. Legal & General Group Plc boosted its stake in Tractor Supply by 4.3% in the first quarter. Legal & General Group Plc now owns 454,697 shares of the company’s stock worth $41,132,000 after buying an additional 18,776 shares in the last quarter. National Pension Service boosted its stake in Tractor Supply by 4.4% in the first quarter. National Pension Service now owns 88,942 shares of the company’s stock worth $8,046,000 after buying an additional 3,780 shares in the last quarter. Finally, First American Bank bought a new stake in Tractor Supply during the second quarter worth about $246,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tractor Supply Co. (NASDAQ:TSCO) traded up 0.2302% during trading on Tuesday, hitting $67.1843. The stock had a trading volume of 855,746 shares. The company has a market cap of $8.98 billion, a P/E ratio of 21.5472 and a beta of 1.21. Tractor Supply Co. has a one year low of $66.43 and a one year high of $97.25. 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 issued 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 return on equity of 30.30% and a net margin of 6.57%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the company earned $1.12 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that Tractor Supply Co. will post $3.24 EPS for the current fiscal year.
Several brokerages have issued reports on TSCO. Goldman Sachs Group Inc. set a $77.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a research note on Monday, September 12th. Morgan Stanley reaffirmed a “hold” rating and set a $95.00 target price on shares of Tractor Supply in a research note on Tuesday, September 6th. SunTrust Banks Inc. lowered their target price on shares of Tractor Supply from $102.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, September 8th. Deutsche Bank AG lowered their target price 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. Finally, Wedbush cut shares of Tractor Supply from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $96.00 to $72.00 in a research note on Thursday, September 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. Tractor Supply presently has a consensus rating of “Hold” and an average 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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