AMF Tjanstepension AB Acquires Shares of 44,794 Tractor Supply (NASDAQ:TSCO)

AMF Tjanstepension AB acquired a new stake in Tractor Supply (NASDAQ:TSCO) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 44,794 shares of the specialty retailer’s stock, valued at approximately $12,102,000.

Several other large investors have also recently added to or reduced their stakes in TSCO. Naples Money Management LLC boosted its holdings in Tractor Supply by 1.0% in the 2nd quarter. Naples Money Management LLC now owns 10,204 shares of the specialty retailer’s stock valued at $2,732,000 after purchasing an additional 100 shares during the period. Mather Group LLC. boosted its holdings in Tractor Supply by 9.3% in the 2nd quarter. Mather Group LLC. now owns 3,517 shares of the specialty retailer’s stock valued at $921,000 after purchasing an additional 298 shares during the period. Versant Capital Management Inc boosted its holdings in Tractor Supply by 393.5% in the 2nd quarter. Versant Capital Management Inc now owns 153 shares of the specialty retailer’s stock valued at $41,000 after purchasing an additional 122 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Tractor Supply in the 2nd quarter valued at $629,000. Finally, DNB Asset Management AS boosted its holdings in Tractor Supply by 6.5% in the 2nd quarter. DNB Asset Management AS now owns 17,074 shares of the specialty retailer’s stock valued at $4,610,000 after purchasing an additional 1,049 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on TSCO shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Tractor Supply in a report on Thursday, July 25th. Wells Fargo & Company raised their price objective on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. TD Cowen increased their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Mizuho reiterated a “neutral” rating and set a $250.00 target price (up previously from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Finally, Robert W. Baird increased their target price on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $256.58.

Tractor Supply Trading Down 3.1 %

Shares of NASDAQ:TSCO traded down $8.07 during trading on Wednesday, hitting $251.95. 808,047 shares of the company’s stock were exchanged, compared to its average volume of 1,139,276. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The firm has a 50-day moving average price of $270.16 and a two-hundred day moving average price of $259.40. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The firm has a market cap of $27.16 billion, a P/E ratio of 25.32, a PEG ratio of 3.17 and a beta of 0.81.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the previous year, the company earned $3.83 EPS. Tractor Supply’s revenue was up 1.6% on a year-over-year basis. Equities analysts predict that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.