First Nebraska Trust Co Buys 39,955 Shares of Tractor Supply Company $TSCO

First Nebraska Trust Co purchased a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) during the third quarter, Holdings Channel reports. The firm purchased 39,955 shares of the specialty retailer’s stock, valued at approximately $1,250,000.

Several other hedge funds have also recently added to or reduced their stakes in TSCO. BlackRock Inc. purchased a new position in shares of Tractor Supply in the 2nd quarter worth about $1,500,967,000. State Street Corp increased its position in shares of Tractor Supply by 2.9% during the 2nd quarter. State Street Corp now owns 23,500,716 shares of the specialty retailer’s stock valued at $742,858,000 after purchasing an additional 665,648 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Tractor Supply by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,267,878 shares of the specialty retailer’s stock valued at $238,639,000 after purchasing an additional 89,295 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Tractor Supply by 2,983.6% during the 2nd quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer’s stock valued at $162,632,000 after buying an additional 4,978,105 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Tractor Supply by 3.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,944,848 shares of the specialty retailer’s stock valued at $156,307,000 after buying an additional 150,285 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Down 0.6%

Shares of TSCO opened at $35.10 on Wednesday. The stock has a market capitalization of $18.41 billion, a P/E ratio of 18.87, a PEG ratio of 3.66 and a beta of 0.49. The company has a quick ratio of 0.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The firm has a fifty day simple moving average of $33.28 and a two-hundred day simple moving average of $38.11. Tractor Supply Company has a twelve month low of $28.36 and a twelve month high of $56.94.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Tractor Supply had a net margin of 6.13% and a return on equity of 40.05%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter last year, the firm earned $0.49 EPS. The company’s revenue was up 5.1% on a year-over-year basis. On average, research analysts anticipate that Tractor Supply Company will post 1.94 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Tractor Supply from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, October 23rd. Piper Sandler set a $35.00 price target on shares of Tractor Supply in a research report on Friday, October 23rd. BNP Paribas Exane increased their price target on shares of Tractor Supply from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. Mizuho set a $31.00 price target on shares of Tractor Supply in a research note on Friday, October 23rd. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $38.00 price objective (down from $43.00) on shares of Tractor Supply in a report on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Tractor Supply has a consensus rating of “Hold” and a consensus price target of $38.62.

About Tractor Supply

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.