Public Employees Retirement Association of Colorado cut its stake in Tractor Supply Co. (NASDAQ:TSCO) by 1.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 129,300 shares of the company’s stock after selling 1,811 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Tractor Supply were worth $11,790,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Seven Eight Capital LLC purchased a new position in shares of Tractor Supply during the first quarter valued at approximately $123,000. Douglass Winthrop Advisors LLC bought a new stake in Tractor Supply during the second quarter valued at approximately $219,000. Eqis Capital Management Inc. boosted its stake in Tractor Supply by 7.0% in the second quarter. Eqis Capital Management Inc. now owns 2,602 shares of the company’s stock valued at $237,000 after buying an additional 171 shares in the last quarter. WealthTrust Axiom LLC bought a new stake in Tractor Supply during the second quarter valued at approximately $240,000. Finally, First American Bank bought a new stake in Tractor Supply during the second quarter valued at approximately $246,000. Institutional investors own 91.58% of the company’s stock.
Tractor Supply Co. (NASDAQ:TSCO) traded down 0.18% during midday trading on Friday, reaching $67.26. 1,803,306 shares of the company’s stock were exchanged. The company has a market cap of $8.99 billion, a P/E ratio of 21.57 and a beta of 1.20. Tractor Supply Co. has a 12 month low of $66.43 and a 12 month high of $97.25. The company has a 50 day moving average price of $72.36 and a 200 day moving average price of $86.81.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, meeting the consensus estimate of $1.16. The company earned $1.85 billion during 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 for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 EPS. On average, equities analysts anticipate that Tractor Supply Co. will post $3.24 EPS for the current year.
Several analysts recently commented on the stock. Guggenheim restated a “buy” rating on shares of Tractor Supply in a report on Friday. Zacks Investment Research cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Royal Bank Of Canada cut shares of 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. restated an “overweight” rating and set a $103.00 price target (down from $105.00) on shares of Tractor Supply in a report on Friday, July 1st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Tractor Supply from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, June 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 company’s stock. Tractor Supply presently has an average rating of “Hold” and a consensus 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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