Wellington Management Group LLP Cuts Stake in Tractor Supply Company (NASDAQ:TSCO)

Wellington Management Group LLP cut its position in Tractor Supply Company (NASDAQ:TSCO) by 40.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,928 shares of the specialty retailer’s stock after selling 42,516 shares during the period. Wellington Management Group LLP’s holdings in Tractor Supply Company were worth $4,271,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. FMR LLC raised its stake in shares of Tractor Supply Company by 56.8% in the fourth quarter. FMR LLC now owns 612,326 shares of the specialty retailer’s stock worth $46,421,000 after buying an additional 221,919 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Tractor Supply Company by 6.8% in the fourth quarter. AQR Capital Management LLC now owns 108,410 shares of the specialty retailer’s stock worth $8,219,000 after buying an additional 6,908 shares during the last quarter. Norges Bank purchased a new stake in shares of Tractor Supply Company during the fourth quarter worth approximately $40,038,000. Quadrature Capital Ltd purchased a new stake in shares of Tractor Supply Company during the fourth quarter worth approximately $2,138,000. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Tractor Supply Company by 0.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 322,496 shares of the specialty retailer’s stock worth $24,449,000 after buying an additional 2,568 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.

Tractor Supply Company (NASDAQ:TSCO) opened at 50.04 on Wednesday. The company has a market cap of $6.43 billion, a PE ratio of 15.45 and a beta of 1.32. The stock’s 50 day moving average price is $55.58 and its 200 day moving average price is $67.24. Tractor Supply Company has a 12-month low of $49.88 and a 12-month high of $94.62.

Tractor Supply Company (NASDAQ:TSCO) last released its earnings results on Wednesday, April 26th. The specialty retailer reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Tractor Supply Company had a return on equity of 29.64% and a net margin of 6.25%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the firm posted $0.50 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Equities research analysts anticipate that Tractor Supply Company will post $3.41 EPS for the current year.

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TSCO has been the subject of a number of research reports. TheStreet upgraded Tractor Supply Company from a “c+” rating to a “b” rating in a research report on Friday, March 17th. J P Morgan Chase & Co lowered Tractor Supply Company from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $88.00 to $67.00 in a research report on Wednesday, April 12th. Stephens lowered Tractor Supply Company from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective for the company. in a research report on Wednesday, April 12th. Zacks Investment Research lowered Tractor Supply Company from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Finally, Barclays PLC set a $90.00 price objective on Tractor Supply Company and gave the stock a “buy” rating in a research report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $78.71.

Tractor Supply Company 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.

Institutional Ownership by Quarter for Tractor Supply Company (NASDAQ:TSCO)

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