Virginia Retirement Systems ET AL bought a new stake in Tractor Supply Co. (NASDAQ:TSCO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,800 shares of the company’s stock, valued at approximately $1,167,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Seven Eight Capital LLC acquired a new position in Tractor Supply during the first quarter worth approximately $123,000. Mizuho Asset Management Co. Ltd. boosted its position in Tractor Supply by 95.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,693 shares of the company’s stock worth $154,000 after buying an additional 826 shares in the last quarter. Turner Investments L.P. acquired a new position in Tractor Supply during the second quarter worth approximately $205,000. Douglass Winthrop Advisors LLC acquired a new position in Tractor Supply during the second quarter worth approximately $219,000. Finally, Eqis Capital Management Inc. boosted its position in Tractor Supply by 7.0% in the second quarter. Eqis Capital Management Inc. now owns 2,602 shares of the company’s stock worth $237,000 after buying an additional 171 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.
Shares of Tractor Supply Co. (NASDAQ:TSCO) opened at 68.37 on Friday. Tractor Supply Co. has a 52 week low of $66.77 and a 52 week high of $97.25. The firm has a market cap of $9.14 billion, a P/E ratio of 21.93 and a beta of 1.04. The stock’s 50 day moving average is $77.44 and its 200 day moving average is $88.34.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.16. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the business posted $1.12 EPS. Tractor Supply’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts predict that Tractor Supply Co. will post $3.24 earnings per share for the current fiscal year.
A number of research firms recently commented on TSCO. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Tractor Supply in a report on Tuesday, June 7th. Nomura restated a “buy” rating and set a $105.00 price target on shares of Tractor Supply in a research note on Thursday, June 30th. Credit Suisse Group AG restated an “outperform” rating and set a $96.00 price target (down from $100.00) on shares of Tractor Supply in a research note on Thursday, June 30th. BTIG Research restated a “buy” rating and set a $105.00 price target (down from $115.00) on shares of Tractor Supply in a research note on Thursday, June 30th. Finally, Northcoast Research cut Tractor Supply from a “buy” rating to a “neutral” rating in a research note on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $89.63.
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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