Tobam Reduces Stake in Tractor Supply Company (TSCO)
- Author: Zachary Reyes May 25, 2017,
May 25, 2017, 20:44
89 funds opened positions while 156 raised stakes.
The counter witnessed a trading volume of 0.91 million shares versus an average volume of 0.79 million shares during last trading session. Axa has invested 0% in Tractor Supply Company (NASDAQ:TSCO). Stifel Fincl Corp invested in 38,310 shares. The correct version of this report can be viewed at https://sportsperspectives.com/2017/05/25/parametric-portfolio-associates-llc-has-17-275-million-position-in-tractor-supply-company-tsco.html. Wendell David Assoc accumulated 0.55% or 36,970 shares. Bbva Compass State Bank Inc accumulated 5,529 shares or 0.03% of the stock.
Emerald Mutual Fund Advisers Trust increased Unity Bancorp Inc (UNTY) stake by 145.45% reported in 2016Q4 SEC filing. Davis R M holds 0.02% in Perrigo Company plc Ordinary Shares (NYSE:PRGO) or 3,955 shares. Last session Tractor Supply Company RSI was seen at 20.43. Citigroup Inc invested 0% in Tractor Supply Company (NASDAQ:TSCO). Argi Invest Limited Liability Company invested in 0.02% or 3,320 shares. Wcm Inv Ca owns 428,199 shares or 0.39% of their U.S. portfolio. Credit Suisse Group AG restated a "hold" rating and set a $73.00 target price on shares of Tractor Supply Company in a report on Sunday, February 5th. Gofen & Glossberg Limited Liability Corporation Il, Illinois-based fund reported 2,965 shares.
Since December 12, 2016, it had 0 insider purchases, and 3 selling transactions for $3.48 million activity. The insider MORRIS EDNA sold 1,413 shares worth $102,979.
In other news, CMO Steve K. Barbarick sold 15,014 shares of Tractor Supply Company stock in a transaction on Thursday, March 9th.
The stock of Tractor Supply Company (NASDAQ:TSCO) hit a new 52-week low and has $48.34 target or 9.00 % below today's $53.12 share price. Similarly, the company's last 5 years high P/E ratio is 45.88 and low P/E is 8.76, whereas, the industry's and sector's high P/E for the past year is 30.86 and 148.76 respectively and low P/E ratio for the last 5 years is 11.49 for the industry and 14.62 for the Sector. A low price-to-sales ratio, typically less than 1.0, is considered a good value. If the $48.34 price target is reached, the company will be worth $593.10M less. The stock's 52-week range is $23.66 - $30.25. During such technical setups, fundamental investors usually stay away and are careful buying the stock. Since the beta is greater than 1, it can be interpreted that the stock is theoretically more volatile than the market - something traders will surely be keeping an eye on. The stock exchanged hands 3.06 Million shares versus average trading capacity of 2.23 Million shares, yielding a market cap of $6.83 Billion. It has underperformed by 54.59% the S&P500. On average, equities research analysts expect that Tractor Supply Company will post $3.41 EPS for the current fiscal year. The specialty retailer reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.46. It is positive, as 56 investors sold TSCO shares while 183 reduced holdings. Mason Street Limited Liability Company holds 17,954 shares or 0.04% of its portfolio.
Among 3 analysts covering Ingram Micro (NYSE:IM), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 78% are positive. Tractor Supply had 35 analyst reports since July 23, 2015 according to SRatingsIntel.
Oppenheimer "Downgrades" Tractor Supply Co (NASDAQ:TSCO) in a research note issued to investors on 5/04/17 to Perform with price target of $0.
An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings.
Tractor Supply Company (TSCO) has the market capitalization of $6.88 Billion.
The consensus recommendation, according to Zacks Investment research, is 2.2. The firm has "Buy" rating by Guggenheim given on Tuesday, June 14. Tractor Supply Comp now has $6.68 billion valuation. Furthermore on 1/13/17 Wedbush "Upgrades" the stock to Outperform at $85. As per Friday, September 30, the company rating was maintained by Deutsche Bank. Wedbush downgraded the stock to "Neutral" rating in Thursday, September 8 report. "Is Excited About Petsense", Seekingalpha.com published: "Tractor Supply (TSCO) Q1 2017 Results - Earnings Call Transcript" on April 27, 2017. Tobam's holdings in Tractor Supply Company were worth $1,372,000 at the end of the most recent quarter. It is engaged in the retail sale of products that support the rural lifestyle. As per Wednesday, January 13, the company rating was maintained by RBC Capital Markets. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses.