Sheets Smith Wealth Management raised its position in shares of Tractor Supply (NASDAQ:TSCO) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 68,247 shares of the specialty retailer’s stock after purchasing an additional 3,500 shares during the period. Tractor Supply comprises about 1.2% of Sheets Smith Wealth Management’s investment portfolio, making the stock its 16th largest position. Sheets Smith Wealth Management’s holdings in Tractor Supply were worth $5,101,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in TSCO. Global X MANAGEMENT CO LLC raised its position in shares of Tractor Supply by 191.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 1,173 shares during the last quarter. Commonwealth Bank of Australia raised its position in shares of Tractor Supply by 15.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 317 shares during the last quarter. Bristlecone Advisors LLC purchased a new position in shares of Tractor Supply in the 3rd quarter worth about $173,000. Globeflex Capital L P purchased a new position in shares of Tractor Supply in the 2nd quarter worth about $206,000. Finally, Palisade Asset Management LLC purchased a new position in shares of Tractor Supply in the 3rd quarter worth about $214,000. 92.33% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on TSCO. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $57.00 price target on shares of Tractor Supply in a research report on Friday, September 29th. Zacks Investment Research lowered Tractor Supply from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Wedbush lowered Tractor Supply from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $72.00 to $80.00 in a research report on Thursday. BidaskClub raised Tractor Supply from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 6th. Finally, BMO Capital Markets lifted their price target on Tractor Supply from $58.00 to $61.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 27th. Sixteen research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $67.80.
Shares of Tractor Supply (NASDAQ:TSCO) traded up $1.12 during trading hours on Friday, reaching $79.61. The company’s stock had a trading volume of 2,099,397 shares, compared to its average volume of 2,000,000. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $79.85. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. The stock has a market cap of $10,000.00, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the firm earned $0.67 EPS. Tractor Supply’s revenue was up 11.6% on a year-over-year basis. sell-side analysts anticipate that Tractor Supply will post 3.28 EPS for the current year.
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About Tractor Supply
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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