Gateway Investment Advisers LLC boosted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,158 shares of the specialty retailer’s stock after buying an additional 16 shares during the period. Gateway Investment Advisers LLC’s holdings in Tractor Supply were worth $496,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Dynamic Advisors Solutions LLC increased its stake in shares of Tractor Supply by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 100 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Tractor Supply by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 40,628 shares of the specialty retailer’s stock valued at $2,802,000 after buying an additional 650 shares during the period. Sheets Smith Wealth Management increased its stake in shares of Tractor Supply by 0.8% in the first quarter. Sheets Smith Wealth Management now owns 64,747 shares of the specialty retailer’s stock valued at $4,466,000 after buying an additional 500 shares during the period. Douglass Winthrop Advisors LLC increased its stake in shares of Tractor Supply by 1,427.8% in the first quarter. Douglass Winthrop Advisors LLC now owns 271,948 shares of the specialty retailer’s stock valued at $18,756,000 after buying an additional 254,148 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Tractor Supply by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 115,209 shares of the specialty retailer’s stock valued at $7,946,000 after buying an additional 3,733 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.
Shares of Tractor Supply Company (NASDAQ:TSCO) traded up 2.67% during mid-day trading on Friday, reaching $56.99. 1,752,548 shares of the company’s stock were exchanged. Tractor Supply Company has a 52-week low of $49.87 and a 52-week high of $90.99. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 17.22 and a beta of 1.32. The stock’s 50-day moving average is $53.36 and its 200-day moving average is $63.42.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.02. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the firm earned $1.16 earnings per share. Tractor Supply’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities analysts expect that Tractor Supply Company will post $3.25 EPS for the current year.
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Several equities research analysts recently commented on the stock. J P Morgan Chase & Co downgraded shares of Tractor Supply from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $88.00 to $67.00 in a research report on Wednesday, April 12th. Zacks Investment Research downgraded shares of Tractor Supply from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Stephens downgraded shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and set a $65.00 price target for the company. in a research report on Wednesday, April 12th. Royal Bank Of Canada reduced their price target on shares of Tractor Supply from $72.00 to $67.00 and set a “sector perform” rating for the company in a research report on Thursday, April 27th. Finally, Oppenheimer Holdings, Inc. set a $88.00 price target on shares of Tractor Supply and gave the company a “buy” rating in a research report on Thursday, April 27th. Nineteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $74.91.
Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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