Tractor Supply Company (TSCO) Holdings Raised by Macquarie Group Ltd.
Macquarie Group Ltd. raised its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 39.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,732 shares of the specialty retailer’s stock after acquiring an additional 47,922 shares during the period. Macquarie Group Ltd. owned approximately 0.13% of Tractor Supply worth $9,256,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in TSCO. BlackRock Inc. increased its position in shares of Tractor Supply by 2,934.4% during the first quarter. BlackRock Inc. now owns 7,835,590 shares of the specialty retailer’s stock valued at $540,419,000 after acquiring an additional 7,577,362 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Tractor Supply by 7,599.1% in the second quarter. Ameriprise Financial Inc. now owns 4,230,168 shares of the specialty retailer’s stock valued at $229,319,000 after purchasing an additional 4,175,224 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Tractor Supply in the first quarter valued at approximately $102,767,000. Morgan Stanley grew its holdings in shares of Tractor Supply by 214.1% in the first quarter. Morgan Stanley now owns 1,422,302 shares of the specialty retailer’s stock valued at $98,098,000 after purchasing an additional 969,544 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Tractor Supply by 328.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,072,446 shares of the specialty retailer’s stock valued at $58,137,000 after purchasing an additional 821,979 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.
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A number of brokerages recently weighed in on TSCO. Piper Jaffray Companies restated a “hold” rating and issued a $57.00 price objective on shares of Tractor Supply in a report on Friday, September 29th. UBS AG cut shares of Tractor Supply from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $62.00 to $67.00 in a report on Monday, October 2nd. Robert W. Baird restated a “buy” rating and issued a $66.00 price objective on shares of Tractor Supply in a report on Wednesday, October 4th. Wedbush restated an “outperform” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Tractor Supply in a report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $70.35.
Shares of Tractor Supply Company (NASDAQ TSCO) opened at 58.82 on Monday. Tractor Supply Company has a 52-week low of $49.87 and a 52-week high of $78.25. The company has a 50-day moving average of $61.06 and a 200 day moving average of $58.48. The stock has a market cap of $7.45 billion, a P/E ratio of 17.78 and a beta of 1.30.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.02). Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the business earned $1.16 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts forecast that Tractor Supply Company will post $3.25 EPS for the current fiscal year.
Tractor Supply 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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