Shelton Capital Management trimmed its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 27.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,713 shares of the specialty retailer’s stock after selling 4,131 shares during the period. Shelton Capital Management’s holdings in Tractor Supply were worth $581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in Tractor Supply by 2,934.4% during the 1st quarter. BlackRock Inc. now owns 7,835,590 shares of the specialty retailer’s stock valued at $540,419,000 after acquiring an additional 7,577,362 shares during the last quarter. 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 acquiring an additional 4,175,224 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Tractor Supply during the 1st quarter valued at approximately $102,767,000. Morgan Stanley raised its stake in Tractor Supply by 214.1% during the 1st quarter. Morgan Stanley now owns 1,422,302 shares of the specialty retailer’s stock valued at $98,098,000 after acquiring an additional 969,544 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Tractor Supply by 328.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,072,446 shares of the specialty retailer’s stock valued at $58,137,000 after acquiring an additional 821,979 shares during the last quarter. 91.97% of the stock is owned by institutional investors.
TSCO has been the topic of several recent analyst reports. BMO Capital Markets set a $57.00 target price on Tractor Supply and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Deutsche Bank AG reiterated a “hold” rating and set a $54.00 target price (down previously from $69.00) on shares of Tractor Supply in a research report on Thursday, July 27th. Wedbush reiterated an “outperform” rating and set a $72.00 target price (up previously from $65.00) on shares of Tractor Supply in a research report on Tuesday, October 3rd. Bank of America Corporation restated a “buy” rating and issued a $69.00 price target on shares of Tractor Supply in a report on Tuesday, September 5th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $57.00 price target on shares of Tractor Supply in a report on Friday, September 29th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. Tractor Supply currently has an average rating of “Hold” and an average target price of $70.35.
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Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.02). Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the business posted $1.16 earnings per share. Tractor Supply’s revenue was up 8.9% compared to the same quarter last year.
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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