Tractor Supply Co. (NASDAQ:TSCO) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 6,034,569 shares, a decrease of 10.1% from the August 31st total of 6,715,887 shares. Based on an average daily trading volume, of 3,781,390 shares, the days-to-cover ratio is presently 1.6 days. Currently, 4.5% of the company’s stock are sold short.
Institutional investors have recently added to or reduced their stakes in the stock. Woodstock Corp increased its position in Tractor Supply by 23.9% in the third quarter. Woodstock Corp now owns 29,555 shares of the company’s stock valued at $1,991,000 after buying an additional 5,695 shares during the period. Liberty Capital Management Inc. increased its position in Tractor Supply by 4.3% in the third quarter. Liberty Capital Management Inc. now owns 35,827 shares of the company’s stock valued at $2,400,000 after buying an additional 1,472 shares during the period. Curbstone Financial Management Corp increased its position in Tractor Supply by 1.8% in the third quarter. Curbstone Financial Management Corp now owns 16,800 shares of the company’s stock valued at $1,131,000 after buying an additional 300 shares during the period. BNP Paribas Arbitrage SA increased its position in Tractor Supply by 24.4% in the third quarter. BNP Paribas Arbitrage SA now owns 228,774 shares of the company’s stock valued at $15,408,000 after buying an additional 44,937 shares during the period. Finally, Bath Savings Trust Co increased its position in Tractor Supply by 1.8% in the third quarter. Bath Savings Trust Co now owns 58,638 shares of the company’s stock valued at $3,949,000 after buying an additional 1,020 shares during the period. Institutional investors own 91.58% of the company’s stock.
Tractor Supply (NASDAQ:TSCO) opened at 68.16 on Friday. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 21.86 and a beta of 1.20. The stock’s 50 day moving average price is $74.82 and its 200 day moving average price is $87.54. Tractor Supply has a 12 month low of $66.43 and a 12 month high of $97.25.
Tractor Supply (NASDAQ:TSCO) last released its earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share 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 the consensus estimate of $1.93 billion. Tractor Supply had a return on equity of 30.30% and a net margin of 6.57%. Tractor Supply’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 earnings per share. Equities research analysts anticipate that Tractor Supply will post $3.24 earnings per share for the current fiscal year.
Several brokerages recently issued reports on TSCO. Oppenheimer Holdings Inc. upped their price target on Tractor Supply from $92.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, June 10th. Zacks Investment Research downgraded Tractor Supply from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Royal Bank Of Canada downgraded Tractor Supply from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $100.00 to $79.00 in a report on Thursday, September 8th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $103.00 price target (down previously from $105.00) on shares of Tractor Supply in a report on Friday, July 1st. Finally, JPMorgan Chase & Co. decreased their price target on Tractor Supply from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, June 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and a consensus 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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