Sheets Smith Wealth Management buys $5,573,432 stake in Tractor Supply Company (TSCO)

Tractor Supply Company (TSCO) : Sheets Smith Wealth Management scooped up 540 additional shares in Tractor Supply Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 64,470 shares of Tractor Supply Company which is valued at $5,573,432.Tractor Supply Company makes up approximately 1.62% of Sheets Smith Wealth Management’s portfolio.

Other Hedge Funds, Including , Jefferies Group reduced its stake in TSCO by selling 1,373 shares or 37.08% in the most recent quarter. The Hedge Fund company now holds 2,330 shares of TSCO which is valued at $201,429. Tractor Supply Company makes up approx 0.01% of Jefferies Group’s portfolio.Alliancebernstein boosted its stake in TSCO in the latest quarter, The investment management firm added 733,533 additional shares and now holds a total of 1,980,756 shares of Tractor Supply Company which is valued at $171,236,356. Tractor Supply Company makes up approx 0.14% of Alliancebernstein’s portfolio.State Treasurer State Of Michigan boosted its stake in TSCO in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 681,400 shares of Tractor Supply Company which is valued at $61,946,074. Tractor Supply Company makes up approx 0.47% of State Treasurer State Of Michigan’s portfolio.Bristol Gate Capital Partners reduced its stake in TSCO by selling 8,540 shares or 2.96% in the most recent quarter. The Hedge Fund company now holds 280,428 shares of TSCO which is valued at $25,701,226. Tractor Supply Company makes up approx 4.45% of Bristol Gate Capital Partners’s portfolio.

Tractor Supply Company opened for trading at $84.47 and hit $84.52 on the upside on Thursday, eventually ending the session at $84.08, with a gain of 0.15% or 0.13 points. The heightened volatility saw the trading volume jump to 7,37,253 shares. Company has a market cap of $11,239 M.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *