SG Americas Securities LLC lifted its stake in Tractor Supply (NASDAQ:TSCO) by 112.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 85,628 shares of the specialty retailer’s stock after purchasing an additional 45,313 shares during the quarter. SG Americas Securities LLC owned about 0.07% of Tractor Supply worth $7,744,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Securian Asset Management Inc boosted its holdings in Tractor Supply by 0.9% during the 2nd quarter. Securian Asset Management Inc now owns 12,607 shares of the specialty retailer’s stock valued at $1,372,000 after acquiring an additional 109 shares during the period. D.B. Root & Company LLC boosted its holdings in Tractor Supply by 2.2% during the 2nd quarter. D.B. Root & Company LLC now owns 5,138 shares of the specialty retailer’s stock valued at $559,000 after acquiring an additional 112 shares during the period. Outlook Wealth Advisors LLC boosted its holdings in Tractor Supply by 3.3% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 3,491 shares of the specialty retailer’s stock valued at $316,000 after acquiring an additional 112 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Tractor Supply by 0.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 16,665 shares of the specialty retailer’s stock valued at $1,813,000 after acquiring an additional 115 shares during the period. Finally, Executive Wealth Management LLC boosted its holdings in Tractor Supply by 56.4% during the 3rd quarter. Executive Wealth Management LLC now owns 352 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 127 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.
A number of research firms recently issued reports on TSCO. Morgan Stanley boosted their price objective on Tractor Supply from $112.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. BidaskClub lowered Tractor Supply from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Guggenheim reaffirmed a “buy” rating and set a $110.00 target price (down from $120.00) on shares of Tractor Supply in a research report on Friday, September 20th. Zacks Investment Research raised Tractor Supply from a “sell” rating to a “hold” rating and set a $98.00 target price for the company in a research report on Friday, October 4th. Finally, Royal Bank of Canada set a $123.00 target price on Tractor Supply and gave the company a “buy” rating in a research report on Friday, July 26th. Twelve research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Tractor Supply currently has an average rating of “Buy” and an average target price of $108.19.
Shares of TSCO traded down $0.08 during trading hours on Friday, hitting $94.82. The company had a trading volume of 796,600 shares, compared to its average volume of 1,372,817. Tractor Supply has a one year low of $78.67 and a one year high of $114.25. The company has a current ratio of 1.60, a quick ratio of 0.15 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $11.64 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 1.87 and a beta of 1.03. The company’s fifty day moving average price is $93.43 and its two-hundred day moving average price is $101.92.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). Tractor Supply had a return on equity of 36.64% and a net margin of 6.69%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the company earned $0.95 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts forecast that Tractor Supply will post 4.71 earnings per share for the current year.
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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