Chevy Chase Trust Holdings Inc. Has $9.39 Million Stake in Tractor Supply (TSCO)

Chevy Chase Trust Holdings Inc. reduced its position in Tractor Supply (NASDAQ:TSCO) by 3.2% in the third quarter, HoldingsChannel.com reports. The fund owned 103,264 shares of the specialty retailer’s stock after selling 3,402 shares during the quarter. Chevy Chase Trust Holdings Inc.’s holdings in Tractor Supply were worth $9,385,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TSCO. Piedmont Investment Advisors LLC bought a new position in shares of Tractor Supply in the second quarter valued at approximately $106,000. Qube Research & Technologies Ltd bought a new position in shares of Tractor Supply in the second quarter valued at approximately $130,000. Steward Partners Investment Advisory LLC boosted its position in shares of Tractor Supply by 118.9% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,751 shares of the specialty retailer’s stock valued at $134,000 after acquiring an additional 951 shares during the period. NumerixS Investment Technologies Inc boosted its position in shares of Tractor Supply by 58.3% in the second quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the specialty retailer’s stock valued at $148,000 after acquiring an additional 700 shares during the period. Finally, NEXT Financial Group Inc bought a new position in shares of Tractor Supply in the third quarter valued at approximately $184,000. Institutional investors own 81.89% of the company’s stock.

A number of equities analysts have recently commented on the stock. Robert W. Baird raised their price objective on shares of Tractor Supply from $97.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 26th. BidaskClub upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Zacks Investment Research upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Tuesday, July 17th. Wedbush raised their price objective on shares of Tractor Supply from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, July 18th. Finally, Loop Capital raised their price objective on shares of Tractor Supply to $93.00 and gave the company a “hold” rating in a research report on Friday, October 26th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $87.73.

In other Tractor Supply news, COO Steve K. Barbarick sold 21,257 shares of Tractor Supply stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $89.12, for a total transaction of $1,894,423.84. Following the transaction, the chief operating officer now directly owns 78,210 shares of the company’s stock, valued at $6,970,075.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kurt D. Barton sold 11,156 shares of Tractor Supply stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $86.74, for a total transaction of $967,671.44. Following the transaction, the chief financial officer now directly owns 32,327 shares in the company, valued at $2,804,043.98. The disclosure for this sale can be found here. Insiders have sold 204,530 shares of company stock worth $18,348,570 over the last three months. Insiders own 1.60% of the company’s stock.

Shares of Tractor Supply stock opened at $91.89 on Thursday. Tractor Supply has a 1 year low of $57.90 and a 1 year high of $95.17. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 1.61 and a beta of 1.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.99 and a quick ratio of 0.21.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, October 25th. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. Tractor Supply had a net margin of 6.54% and a return on equity of 36.23%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.82 billion. Equities research analysts predict that Tractor Supply will post 4.29 earnings per share for the current fiscal year.

Tractor Supply Profile

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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

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