Tractor Supply Company (TSCO) Shares Sold by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans reduced its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 90.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,880 shares of the specialty retailer’s stock after selling 47,470 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Tractor Supply were worth $265,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in TSCO. Ameriprise Financial Inc. raised its stake in Tractor Supply by 7,599.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,230,168 shares of the specialty retailer’s stock valued at $229,319,000 after purchasing an additional 4,175,224 shares during the last quarter. Fiera Capital Corp raised its stake in Tractor Supply by 14.9% during the 2nd quarter. Fiera Capital Corp now owns 3,700,846 shares of the specialty retailer’s stock valued at $200,623,000 after purchasing an additional 480,717 shares during the last quarter. Clearbridge Investments LLC raised its stake in Tractor Supply by 218.8% during the 1st quarter. Clearbridge Investments LLC now owns 666,329 shares of the specialty retailer’s stock valued at $45,957,000 after purchasing an additional 457,348 shares during the last quarter. DnB Asset Management AS raised its stake in Tractor Supply by 2,878.6% during the 2nd quarter. DnB Asset Management AS now owns 458,700 shares of the specialty retailer’s stock valued at $24,866,000 after purchasing an additional 443,300 shares during the last quarter. Finally, Honeywell International Inc. acquired a new position in Tractor Supply during the 2nd quarter valued at $21,576,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.
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Shares of Tractor Supply Company (TSCO) opened at 58.89 on Monday. The stock has a 50 day moving average of $60.96 and a 200 day moving average of $58.27. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 17.80 and a beta of 1.30. Tractor Supply Company has a 12-month low of $49.87 and a 12-month high of $78.25.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS 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 analyst estimates 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 period last year, the firm earned $1.16 EPS. On average, equities analysts expect that Tractor Supply Company will post $3.25 earnings per share for the current fiscal year.
Several research firms recently commented on TSCO. BMO Capital Markets set a $57.00 target price on shares of Tractor Supply and gave the company a “hold” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies reiterated a “hold” rating and set a $57.00 target price on shares of Tractor Supply in a research note on Friday, September 29th. Barclays PLC reiterated an “overweight” rating and set a $70.00 target price (down from $90.00) on shares of Tractor Supply in a research note on Saturday, July 22nd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Tractor Supply in a research note on Thursday, July 27th. Finally, Zacks Investment Research cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $70.21.
Tractor Supply 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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