Burney Co. decreased its holdings in Tractor Supply (NASDAQ:TSCO – Free Report) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,708 shares of the specialty retailer’s stock after selling 75 shares during the period. Burney Co.’s holdings in Tractor Supply were worth $4,357,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in TSCO. Synovus Financial Corp grew its position in shares of Tractor Supply by 1.9% in the first quarter. Synovus Financial Corp now owns 5,006 shares of the specialty retailer’s stock valued at $1,166,000 after purchasing an additional 93 shares during the last quarter. Cibc World Market Inc. lifted its position in shares of Tractor Supply by 10.4% during the 1st quarter. Cibc World Market Inc. now owns 12,622 shares of the specialty retailer’s stock valued at $2,946,000 after acquiring an additional 1,186 shares during the period. Sei Investments Co. lifted its position in shares of Tractor Supply by 12.1% during the 1st quarter. Sei Investments Co. now owns 75,163 shares of the specialty retailer’s stock valued at $17,565,000 after acquiring an additional 8,129 shares during the period. Prudential PLC acquired a new stake in shares of Tractor Supply during the 1st quarter worth $611,000. Finally, Cetera Investment Advisers increased its position in shares of Tractor Supply by 15.8% in the first quarter. Cetera Investment Advisers now owns 6,238 shares of the specialty retailer’s stock worth $1,456,000 after purchasing an additional 849 shares during the period. 90.38% of the stock is owned by institutional investors and hedge funds.
Tractor Supply Stock Performance
Shares of TSCO opened at $206.73 on Wednesday. The firm has a market capitalization of $22.35 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.84 and a beta of 0.85. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $251.17. The stock has a 50 day moving average price of $203.45 and a two-hundred day moving average price of $214.97. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.30 and a current ratio of 1.52.
Tractor Supply Announces Dividend
Wall Street Analysts Forecast Growth
TSCO has been the subject of several research analyst reports. Wedbush lowered their price objective on shares of Tractor Supply from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Friday, July 28th. Robert W. Baird dropped their target price on shares of Tractor Supply from $265.00 to $260.00 in a report on Tuesday, July 18th. Wells Fargo & Company lowered their price objective on Tractor Supply from $255.00 to $225.00 and set an “overweight” rating for the company in a research report on Tuesday, October 17th. Barclays cut their target price on Tractor Supply from $224.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Monday, October 23rd. Finally, Citigroup lowered their target price on Tractor Supply from $207.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $234.42.
About Tractor Supply
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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