Mitchell Capital Management Co. cut its position in Tractor Supply Co. (NASDAQ:TSCO) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,352 shares of the company’s stock after selling 9,569 shares during the period. Tractor Supply comprises approximately 4.5% of Mitchell Capital Management Co.’s investment portfolio, making the stock its 2nd largest position. Mitchell Capital Management Co.’s holdings in Tractor Supply were worth $11,156,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of TSCO. Kalmar Investments Inc. DE increased its stake in Tractor Supply by 26.0% in the second quarter. Kalmar Investments Inc. DE now owns 288,860 shares of the company’s stock worth $26,338,000 after buying an additional 59,660 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Tractor Supply by 1.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,147 shares of the company’s stock worth $925,000 after buying an additional 182 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in Tractor Supply by 35.5% in the second quarter. First Citizens Bank & Trust Co. now owns 15,945 shares of the company’s stock worth $1,454,000 after buying an additional 4,175 shares in the last quarter. Spectrum Management Group Inc. purchased a new stake in Tractor Supply during the second quarter worth approximately $796,000. Finally, Waverton Investment Management Ltd purchased a new stake in Tractor Supply during the second quarter worth approximately $4,176,000. 91.58% of the stock is currently owned by institutional investors.
Tractor Supply Co. (NASDAQ:TSCO) traded down 2.56% during mid-day trading on Monday, hitting $65.54. The stock had a trading volume of 2,371,298 shares. The company has a market capitalization of $8.76 billion, a P/E ratio of 21.02 and a beta of 1.21. The stock’s 50-day moving average is $71.86 and its 200 day moving average is $86.65. Tractor Supply Co. has a 52 week low of $65.39 and a 52 week high of $97.25.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.16. The business 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%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 EPS. Equities analysts forecast that Tractor Supply Co. will post $3.24 earnings per share for the current fiscal year.
A number of analysts have recently commented on the company. Guggenheim reissued a “buy” rating and issued a $90.00 price objective on shares of Tractor Supply in a research note on Friday. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $80.00 target price on shares of Tractor Supply in a research report on Friday, October 7th. Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of Tractor Supply in a research report on Friday, October 7th. BMO Capital Markets reaffirmed a “market perform” rating and set a $74.00 target price on shares of Tractor Supply in a research report on Tuesday, October 4th. Finally, Deutsche Bank AG cut their target price on Tractor Supply from $76.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, September 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average 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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