Massachusetts Financial Services Co. MA Acquires 226,050 Shares of Tractor Supply (NASDAQ:TSCO)

Massachusetts Financial Services Co. MA boosted its holdings in Tractor Supply (NASDAQ:TSCO) by 8.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,791,079 shares of the specialty retailer’s stock after buying an additional 226,050 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Tractor Supply were worth $252,426,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TSCO. Usca Ria LLC bought a new position in Tractor Supply in the 3rd quarter valued at approximately $27,000. Executive Wealth Management LLC lifted its position in Tractor Supply by 56.4% in the 3rd quarter. Executive Wealth Management LLC now owns 352 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 127 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management bought a new position in Tractor Supply in the 3rd quarter valued at approximately $45,000. CSat Investment Advisory L.P. raised its stake in Tractor Supply by 46.4% during the 2nd quarter. CSat Investment Advisory L.P. now owns 429 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 136 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its stake in Tractor Supply by 255.9% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 484 shares of the specialty retailer’s stock valued at $52,000 after buying an additional 348 shares during the last quarter. 82.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:TSCO traded up $1.03 during midday trading on Wednesday, hitting $97.66. The company had a trading volume of 54,760 shares, compared to its average volume of 1,368,245. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.60 and a quick ratio of 0.15. The company has a market cap of $11.31 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.82 and a beta of 1.03. Tractor Supply has a 12-month low of $78.67 and a 12-month high of $114.25. The company has a fifty day moving average of $93.70 and a two-hundred day moving average of $101.81.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. Tractor Supply had a return on equity of 36.64% and a net margin of 6.69%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share. Research analysts expect that Tractor Supply will post 4.71 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the stock. Raymond James assumed coverage on shares of Tractor Supply in a research note on Monday, October 7th. They set a “strong-buy” rating and a $115.00 target price for the company. Guggenheim reiterated a “buy” rating and set a $110.00 target price (down from $120.00) on shares of Tractor Supply in a research note on Friday, September 20th. Wolfe Research assumed coverage on shares of Tractor Supply in a research note on Tuesday, October 8th. They set a “hold” rating and a $95.00 target price for the company. ValuEngine upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Wedbush reiterated an “outperform” rating and set a $115.00 target price (up from $105.00) on shares of Tractor Supply in a research note on Friday, October 25th. Twelve analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $108.19.

Tractor Supply Company Profile

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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

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