Baldwin Investment Management Lowers stake in Tractor Supply Company (TSCO)

Tractor Supply Company (TSCO) : Baldwin Investment Management reduced its stake in Tractor Supply Company by 1.89% during the most recent quarter end. The investment management company now holds a total of 20,193 shares of Tractor Supply Company which is valued at $1,835,746 after selling 390 shares in Tractor Supply Company , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Tractor Supply Company makes up approximately 0.78% of Baldwin Investment Management’s portfolio.

Other Hedge Funds, Including , State Of New Jersey Common Pension Fund D reduced its stake in TSCO by selling 5,000 shares or 6.67% in the most recent quarter. The Hedge Fund company now holds 70,000 shares of TSCO which is valued at $6,363,700. Tractor Supply Company makes up approx 0.03% of State Of New Jersey Common Pension Fund D’s portfolio. Spectrum Management Group added TSCO to its portfolio by purchasing 8,730 company shares during the most recent quarter which is valued at $800,105. Tractor Supply Company makes up approx 0.32% of Spectrum Management Group’s portfolio.Capital Fund Management S.a. boosted its stake in TSCO in the latest quarter, The investment management firm added 183,843 additional shares and now holds a total of 200,155 shares of Tractor Supply Company which is valued at $18,001,941. Tractor Supply Company makes up approx 0.31% of Capital Fund Management S.a.’s portfolio.Spc Financial boosted its stake in TSCO in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 5,685 shares of Tractor Supply Company which is valued at $520,291. Tractor Supply Company makes up approx 0.18% of Spc Financial’s portfolio. Davenport Co sold out all of its stake in TSCO during the most recent quarter. The investment firm sold 3,355 shares of TSCO which is valued $313,122.

Tractor Supply Company closed down -1.95 points or -2.24% at $85.12 with 22,83,304 shares getting traded on Monday. Post opening the session at $87.14, the shares hit an intraday low of $84.56 and an intraday high of $87.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Tractor Supply Company reported $1.16 EPS for the quarter, based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus estimate of $1.16. The company had revenue of $1850.00 million for the quarter, compared to analysts expectations of $1851.88 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.

Many Wall Street Analysts have commented on Tractor Supply Company. Tractor Supply Company was Downgraded by Northcoast to ” Neutral” on Jun 30, 2016. Shares were Reiterated by RBC Capital Mkts on Jun 30, 2016 to “Outperform” and Lowered the Price Target to $ 97 from a previous price target of $100 .Tractor Supply Company was Initiated by Guggenheim to “Buy” on Jun 14, 2016.

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers as well as tradesmen and small businesses. As of December 27 2014 it operated 1382 retail stores in 49 states under the names Tractor Supply Company Del’s Feed & Farm Supply and HomeTown Pet. It also operates a Website under the name TractorSupply.com. It offers a portfolio of products which include equine livestock pet and small animal products; hardware truck towing and tool products; seasonal products including lawn and garden items power equipment gifts and toys; work/recreational clothing and footwear and maintenance products for agricultural and rural use. Its products are offered under various brands which include 4health Blue Mountain Countyline Equistages Groundwork Huskee JobSmart Dumor C.E. Schmidt Paws & Claws Producer’s Pride and Redstone among others.

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