Tractor Supply Company (TSCO) Shares Sold by Liberty Capital Management Inc.
Liberty Capital Management Inc. decreased its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 85.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,975 shares of the specialty retailer’s stock after selling 30,185 shares during the period. Liberty Capital Management Inc.’s holdings in Tractor Supply were worth $249,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Tractor Supply by 2.8% in the first quarter. Vanguard Group Inc. now owns 12,348,781 shares of the specialty retailer’s stock valued at $851,697,000 after buying an additional 341,446 shares during the last quarter. BlackRock Inc. increased its stake in shares of Tractor Supply by 2,934.4% in the first quarter. BlackRock Inc. now owns 7,835,590 shares of the specialty retailer’s stock valued at $540,419,000 after buying an additional 7,577,362 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Tractor Supply by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 6,386,058 shares of the specialty retailer’s stock valued at $440,447,000 after buying an additional 425,355 shares during the last quarter. State Street Corp increased its stake in shares of Tractor Supply by 4.2% in the first quarter. State Street Corp now owns 5,695,059 shares of the specialty retailer’s stock valued at $392,790,000 after buying an additional 230,443 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in shares of Tractor Supply by 8.6% in the first quarter. William Blair Investment Management LLC now owns 4,098,428 shares of the specialty retailer’s stock valued at $282,669,000 after buying an additional 326,235 shares during the last quarter. Hedge funds and other institutional investors own 91.37% of the company’s stock.
Shares of Tractor Supply Company (TSCO) opened at 56.61 on Tuesday. Tractor Supply Company has a one year low of $49.87 and a one year high of $87.57. The stock has a 50 day moving average price of $53.36 and a 200-day moving average price of $63.42. The company has a market capitalization of $7.26 billion, a price-to-earnings ratio of 17.11 and a beta of 1.32.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.02. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS. On average, equities research analysts expect that Tractor Supply Company will post $3.25 EPS for the current year.
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TSCO has been the subject of several recent analyst reports. TheStreet downgraded Tractor Supply from a “b” rating to a “c+” rating in a research note on Wednesday, April 12th. Piper Jaffray Companies set a $55.00 price objective on Tractor Supply and gave the stock a “hold” rating in a research report on Tuesday, July 25th. UBS AG downgraded Tractor Supply from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 4th. BidaskClub upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, BMO Capital Markets increased their target price on Tractor Supply from $57.00 to $58.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. Nineteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Tractor Supply currently has an average rating of “Hold” and a consensus price target of $74.91.
Tractor Supply 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.
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