Amundi Pioneer Asset Management Inc. raised its position in shares of Tractor Supply (NASDAQ:TSCO) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,585,135 shares of the specialty retailer’s stock after buying an additional 19,325 shares during the quarter. Amundi Pioneer Asset Management Inc. owned about 1.31% of Tractor Supply worth $154,961,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in TSCO. Vanguard Group Inc lifted its stake in shares of Tractor Supply by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 12,358,247 shares of the specialty retailer’s stock worth $1,123,118,000 after acquiring an additional 35,414 shares during the last quarter. BlackRock Inc. raised its position in Tractor Supply by 2.8% during the 1st quarter. BlackRock Inc. now owns 9,346,711 shares of the specialty retailer’s stock valued at $913,734,000 after purchasing an additional 253,455 shares in the last quarter. Geode Capital Management LLC raised its position in Tractor Supply by 11.3% during the 4th quarter. Geode Capital Management LLC now owns 1,931,675 shares of the specialty retailer’s stock valued at $160,949,000 after purchasing an additional 195,817 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Tractor Supply by 15.1% in the 1st quarter. Wells Fargo & Company MN now owns 1,641,704 shares of the specialty retailer’s stock worth $160,493,000 after acquiring an additional 215,042 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its stake in Tractor Supply by 3.8% during the 1st quarter. Champlain Investment Partners LLC now owns 1,625,875 shares of the specialty retailer’s stock worth $158,946,000 after buying an additional 59,500 shares during the last quarter. Hedge funds and other institutional investors own 82.02% of the company’s stock.
Several research analysts recently weighed in on TSCO shares. Goldman Sachs Group upgraded Altria Group from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Thursday, July 11th. Bank of America set a $7.00 price target on Deutsche Bank and gave the company a “sell” rating in a research note on Thursday, April 11th. Piper Jaffray Companies assumed coverage on TowneBank in a research note on Tuesday. They set a “neutral” rating and a $27.00 price target on the stock. Barclays reissued a “buy” rating on shares of Netflix in a report on Thursday, May 16th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $125.00 price objective (up previously from $115.00) on shares of Tractor Supply in a report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. Tractor Supply presently has an average rating of “Buy” and a consensus target price of $104.53.
Shares of NASDAQ TSCO traded up $1.12 during midday trading on Thursday, reaching $112.23. 1,314,103 shares of the company were exchanged, compared to its average volume of 1,325,415. The company’s fifty day moving average is $107.64. Tractor Supply has a 1 year low of $75.84 and a 1 year high of $113.54. The company has a current ratio of 1.58, a quick ratio of 0.15 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $13.55 billion, a PE ratio of 26.04, a P/E/G ratio of 2.07 and a beta of 1.09.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.07. Tractor Supply had a return on equity of 36.16% and a net margin of 6.68%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $0.57 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts predict that Tractor Supply will post 4.77 earnings per share for the current year.
Tractor Supply Company Profile
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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