Cetera Investment Advisers Invests $400,000 in Tractor Supply Company (TSCO) Stock

Cetera Investment Advisers bought a new position in shares of Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,460 shares of the specialty retailer’s stock, valued at approximately $400,000.

A number of other institutional investors have also bought and sold shares of TSCO. Waldron LP bought a new stake in Tractor Supply during the first quarter worth about $269,000. Ameriprise Financial Inc. lifted its stake in Tractor Supply by 1.3% during the first quarter. Ameriprise Financial Inc. now owns 54,944 shares of the specialty retailer’s stock worth $3,791,000 after purchasing an additional 718 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Tractor Supply by 103.4% during the first quarter. JPMorgan Chase & Co. now owns 131,131 shares of the specialty retailer’s stock worth $9,043,000 after purchasing an additional 66,648 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Tractor Supply by 10.3% during the first quarter. Victory Capital Management Inc. now owns 15,951 shares of the specialty retailer’s stock worth $1,100,000 after purchasing an additional 1,494 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in Tractor Supply by 24.4% during the first quarter. OppenheimerFunds Inc. now owns 12,005 shares of the specialty retailer’s stock worth $828,000 after purchasing an additional 2,352 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Several equities research analysts have issued reports on TSCO shares. BidaskClub lowered Tractor Supply from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Telsey Advisory Group dropped their price target on Tractor Supply from $83.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, July 6th. BMO Capital Markets set a $57.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Barclays PLC reaffirmed an “overweight” rating and set a $70.00 price target (down previously from $90.00) on shares of Tractor Supply in a research note on Saturday, July 22nd. Finally, Piper Jaffray Companies set a $55.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $70.35.

Tractor Supply Company (NASDAQ TSCO) traded up 0.09% during midday trading on Friday, hitting $58.48. The stock had a trading volume of 137,666 shares. Tractor Supply Company has a 1-year low of $49.87 and a 1-year high of $78.25. The company has a market capitalization of $7.41 billion, a PE ratio of 17.67 and a beta of 1.30. The stock’s 50-day moving average is $60.98 and its 200-day moving average is $58.34.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.02). Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the business posted $1.16 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that Tractor Supply Company will post $3.25 EPS for the current year.

WARNING: This news story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright law

A number of other institutional investors have also bought and sold shares of TSCO. Waldron LP bought a new stake in Tractor Supply during the first quarter worth about $269,000. Ameriprise Financial Inc. lifted its stake in Tractor Supply by 1.3% during the first quarter. Ameriprise Financial Inc. now owns 54,944 shares of the specialty retailer’s stock worth $3,791,000 after purchasing an additional 718 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Tractor Supply by 103.4% during the first quarter. JPMorgan Chase & Co. now owns 131,131 shares of the specialty retailer’s stock worth $9,043,000 after purchasing an additional 66,648 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Tractor Supply by 10.3% during the first quarter. Victory Capital Management Inc. now owns 15,951 shares of the specialty retailer’s stock worth $1,100,000 after purchasing an additional 1,494 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in Tractor Supply by 24.4% during the first quarter. OppenheimerFunds Inc. now owns 12,005 shares of the specialty retailer’s stock worth $828,000 after purchasing an additional 2,352 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Several equities research analysts have issued reports on TSCO shares. BidaskClub lowered Tractor Supply from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Telsey Advisory Group dropped their price target on Tractor Supply from $83.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, July 6th. BMO Capital Markets set a $57.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Barclays PLC reaffirmed an “overweight” rating and set a $70.00 price target (down previously from $90.00) on shares of Tractor Supply in a research note on Saturday, July 22nd. Finally, Piper Jaffray Companies set a $55.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $70.35.

Tractor Supply Company (NASDAQ TSCO) traded up 0.09% during midday trading on Friday, hitting $58.48. The stock had a trading volume of 137,666 shares. Tractor Supply Company has a 1-year low of $49.87 and a 1-year high of $78.25. The company has a market capitalization of $7.41 billion, a PE ratio of 17.67 and a beta of 1.30. The stock’s 50-day moving average is $60.98 and its 200-day moving average is $58.34.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.02). Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the business posted $1.16 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that Tractor Supply Company will post $3.25 EPS for the current year.

WARNING: This news story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/20/cetera-investment-advisers-invests-400000-in-tractor-supply-company-tsco-stock.html.

About Tractor Supply

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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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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