Cim Lowers stake in Tractor Supply Company (TSCO)

Tractor Supply Company (TSCO) : Cim reduced its stake in Tractor Supply Company by 0.29% during the most recent quarter end. The investment management company now holds a total of 110,169 shares of Tractor Supply Company which is valued at $10,243,514 after selling 316 shares in Tractor Supply Company , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Tractor Supply Company makes up approximately 4.97% of Cim’s portfolio.

Other Hedge Funds, Including , Arcadia Investment Management Corpmi boosted its stake in TSCO in the latest quarter, The investment management firm added 8,260 additional shares and now holds a total of 32,370 shares of Tractor Supply Company which is valued at $3,009,763. Tractor Supply Company makes up approx 0.95% of Arcadia Investment Management Corpmi’s portfolio.First United Bank Trust boosted its stake in TSCO in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 16,520 shares of Tractor Supply Company which is valued at $1,541,812. Tractor Supply Company makes up approx 1.30% of First United Bank Trust’s portfolio.Creative Planning boosted its stake in TSCO in the latest quarter, The investment management firm added 339 additional shares and now holds a total of 14,372 shares of Tractor Supply Company which is valued at $1,341,339. Tractor Supply Company makes up approx 0.01% of Creative Planning’s portfolio.Central Bank Trust Co boosted its stake in TSCO in the latest quarter, The investment management firm added 42,490 additional shares and now holds a total of 52,053 shares of Tractor Supply Company which is valued at $4,858,106. Tractor Supply Company makes up approx 1.37% of Central Bank Trust Co’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in TSCO in the latest quarter, The investment management firm added 3,090 additional shares and now holds a total of 87,679 shares of Tractor Supply Company which is valued at $8,183,081. Tractor Supply Company makes up approx 0.18% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.

Tractor Supply Company opened for trading at $92.25 and hit $93.47 on the upside on Monday, eventually ending the session at $92.98, with a gain of 1.08% or 0.99 points. The heightened volatility saw the trading volume jump to 8,88,676 shares. Company has a market cap of $12,406 M.

On the company’s financial health, Tractor Supply Company reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.46. The company had revenue of $1467.80 million for the quarter, compared to analysts expectations of $1449.13 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 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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