53,379 Tractor Supply Company $TSCO Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 4.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,222,915 shares of the specialty retailer’s stock after selling 53,379 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Tractor Supply were worth $38,265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Tractor Supply in the 3rd quarter valued at about $4,423,000. ProShare Advisors LLC increased its position in shares of Tractor Supply by 8.8% in the third quarter. ProShare Advisors LLC now owns 100,092 shares of the specialty retailer’s stock worth $3,132,000 after purchasing an additional 8,120 shares during the period. Invera Wealth Advisors LLC boosted its position in shares of Tractor Supply by 105.0% during the 3rd quarter. Invera Wealth Advisors LLC now owns 22,797 shares of the specialty retailer’s stock worth $713,000 after acquiring an additional 11,675 shares in the last quarter. MGO One Seven LLC lifted its stake in Tractor Supply by 13.8% in the 3rd quarter. MGO One Seven LLC now owns 13,439 shares of the specialty retailer’s stock valued at $421,000 after purchasing an additional 1,627 shares during the last quarter. Finally, Partners Wealth Management LLC bought a new stake in Tractor Supply during the 3rd quarter worth approximately $321,000. 98.72% of the stock is owned by institutional investors.

Tractor Supply Trading Up 4.2%

Shares of TSCO opened at $36.58 on Thursday. The stock has a market cap of $19.18 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 3.64 and a beta of 0.49. Tractor Supply Company has a 52-week low of $28.36 and a 52-week high of $56.94. The firm’s fifty day moving average is $33.30 and its two-hundred day moving average is $38.04. The company has a quick ratio of 0.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.86.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, October 22nd. The specialty retailer reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.82 billion. Tractor Supply had a return on equity of 40.05% and a net margin of 6.13%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. Research analysts forecast that Tractor Supply Company will post 1.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TSCO. Argus set a $41.00 price objective on Tractor Supply in a report on Tuesday, July 28th. TD Cowen reaffirmed a “hold” rating and issued a $36.00 target price (up from $34.00) on shares of Tractor Supply in a research note on Friday, October 23rd. Citigroup reaffirmed a “buy” rating and set a $38.00 price objective (up from $37.00) on shares of Tractor Supply in a research report on Tuesday, October 13th. DA Davidson set a $36.00 price objective on shares of Tractor Supply in a research report on Thursday, October 8th. Finally, Guggenheim set a $40.00 price target on shares of Tractor Supply and gave the stock a “buy” rating in a research note on Friday, July 24th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.62.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.