IFM Investors Pty Ltd increased its position in Tractor Supply (NASDAQ:TSCO) by 72.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 14,294 shares of the specialty retailer’s stock after purchasing an additional 5,995 shares during the period. IFM Investors Pty Ltd’s holdings in Tractor Supply were worth $1,293,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Tractor Supply by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 12,763,308 shares of the specialty retailer’s stock valued at $1,388,648,000 after acquiring an additional 95,052 shares during the last quarter. BlackRock Inc. raised its stake in Tractor Supply by 2.0% during the 2nd quarter. BlackRock Inc. now owns 9,529,219 shares of the specialty retailer’s stock valued at $1,036,779,000 after acquiring an additional 182,508 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Tractor Supply by 2.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,249,438 shares of the specialty retailer’s stock valued at $244,739,000 after acquiring an additional 50,565 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in Tractor Supply by 11.7% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 1,771,296 shares of the specialty retailer’s stock valued at $192,717,000 after acquiring an additional 186,161 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Tractor Supply by 1.8% during the 2nd quarter. Northern Trust Corp now owns 1,514,295 shares of the specialty retailer’s stock valued at $164,756,000 after acquiring an additional 27,227 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.
Shares of TSCO traded down $0.08 on Friday, reaching $94.82. The stock had a trading volume of 796,600 shares, compared to its average volume of 1,372,817. The company has a quick ratio of 0.15, a current ratio of 1.60 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $11.64 billion, a PE ratio of 22.00, a PEG ratio of 1.87 and a beta of 1.03. The firm has a 50-day moving average of $93.43 and a 200 day moving average of $101.92. Tractor Supply has a twelve month low of $78.67 and a twelve month high of $114.25.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. Tractor Supply had a return on equity of 36.64% and a net margin of 6.69%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. On average, sell-side analysts anticipate that Tractor Supply will post 4.71 earnings per share for the current fiscal year.
Several analysts have commented on TSCO shares. Wolfe Research started coverage on Tractor Supply in a research note on Tuesday, October 8th. They set a “hold” rating and a $95.00 price objective for the company. Zacks Investment Research raised Tractor Supply from a “sell” rating to a “hold” rating and set a $98.00 price objective for the company in a research note on Friday, October 4th. Wedbush reaffirmed an “outperform” rating and set a $115.00 price objective (up from $105.00) on shares of Tractor Supply in a research note on Friday, October 25th. BidaskClub downgraded Tractor Supply from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Finally, Wells Fargo & Co reduced their price objective on Tractor Supply from $125.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Twelve analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $108.19.
About Tractor Supply
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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