Moors & Cabot Inc. grew its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,795 shares of the specialty retailer’s stock after acquiring an additional 585 shares during the period. Moors & Cabot Inc.’s holdings in Tractor Supply were worth $639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TSCO. Waldron LP bought a new stake in shares of Tractor Supply during the 1st quarter valued at $269,000. UBS Asset Management Americas Inc. boosted its holdings in Tractor Supply by 10.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 356,264 shares of the specialty retailer’s stock worth $24,572,000 after buying an additional 33,768 shares during the period. Ameriprise Financial Inc. boosted its holdings in Tractor Supply by 1.3% in the 1st quarter. Ameriprise Financial Inc. now owns 54,944 shares of the specialty retailer’s stock worth $3,791,000 after buying an additional 718 shares during the period. Virginia Retirement Systems ET AL bought a new position in Tractor Supply in the 1st quarter worth $283,000. Finally, JPMorgan Chase & Co. boosted its holdings in Tractor Supply by 103.4% in the 1st quarter. JPMorgan Chase & Co. now owns 131,131 shares of the specialty retailer’s stock worth $9,043,000 after buying an additional 66,648 shares during the period. 91.98% of the stock is owned by hedge funds and other institutional investors.

Shares of Tractor Supply Company (NASDAQ:TSCO) traded down 1.59% during mid-day trading on Monday, hitting $60.08. 341,621 shares of the stock traded hands. Tractor Supply Company has a 12 month low of $49.87 and a 12 month high of $78.25. The company has a market cap of $7.61 billion, a P/E ratio of 18.16 and a beta of 1.30. The firm has a 50 day moving average of $60.54 and a 200 day moving average of $58.95.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.02). The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 earnings per share. Equities analysts anticipate that Tractor Supply Company will post $3.25 EPS for the current fiscal year.

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Several brokerages recently weighed in on TSCO. Robert W. Baird reaffirmed a “buy” rating and issued a $66.00 target price on shares of Tractor Supply in a report on Wednesday, October 4th. Wedbush reaffirmed an “outperform” rating and issued a $72.00 target price (up previously from $65.00) on shares of Tractor Supply in a report on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $57.00 target price on shares of Tractor Supply in a report on Friday, September 29th. UBS AG downgraded shares of Tractor Supply from a “buy” rating to a “neutral” rating and upped their target price for the stock from $62.00 to $67.00 in a report on Monday, October 2nd. Finally, BMO Capital Markets upped their target price on shares of Tractor Supply from $58.00 to $61.00 and gave the stock a “market perform” rating in a report on Wednesday, September 27th. Sixteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Tractor Supply has an average rating of “Hold” and a consensus target price of $70.35.

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.

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

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