Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 18.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,585 shares of the specialty retailer’s stock after selling 7,055 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Tractor Supply were worth $1,936,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TSCO. Commonwealth Bank of Australia raised its stake in Tractor Supply by 15.4% during the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after buying an additional 317 shares during the last quarter. Penserra Capital Management LLC bought a new position in Tractor Supply during the second quarter worth $139,000. Bristlecone Advisors LLC bought a new position in Tractor Supply during the third quarter worth $173,000. Bronfman E.L. Rothschild L.P. raised its stake in Tractor Supply by 33.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock worth $180,000 after buying an additional 828 shares during the last quarter. Finally, Globeflex Capital L P bought a new position in Tractor Supply during the second quarter worth $206,000. 92.18% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the stock. BidaskClub upgraded shares of Tractor Supply from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Telsey Advisory Group reduced their price target on shares of Tractor Supply from $83.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, July 6th. BMO Capital Markets set a $57.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a report on Tuesday, July 11th. Barclays PLC restated an “overweight” rating and issued a $70.00 price target (down from $90.00) on shares of Tractor Supply in a report on Saturday, July 22nd. Finally, Piper Jaffray Companies set a $55.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a report on Tuesday, July 25th. Fourteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Tractor Supply presently has an average rating of “Hold” and an average target price of $68.63.
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Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the business earned $0.67 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis.
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.
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