Tractor Supply Co (NASDAQ:TSCO).
Hosking Partners Llp says it bought 3,220 shares during the last quarter increasing its holdings in Tractor Supply Co by 0.7%. Its position was valued at $30,258,000 an increase of $4,515,000 as of the end of the quarter.
Here are a few institutional investors who have updated their positions. As of the end of the quarter Baird Financial Group, Inc. had disposed of 5,228 shares trimming its holdings by 22.3%. The value of the investment in (TSCO) went from $1,272,000 to $1,155,000 a change of $117,000 quarter to quarter. Raymond James & Associates expanded its ownership by buying 46,245 shares an increase of 18.2%. Raymond James & Associates currently owns 300,096 shares valued at $18,993,000. The value of the position overall is up by 38.0%.
Provident Investment Management, Inc. bolstered its stake by buying 1,376 shares an increase of 0.4% in the quarter. Provident Investment Management, Inc. controls 344,731 shares with a value of $21,818,000. The total value of its holdings increased 17.2%.
On November 2 BMO Capital Markets made no change to the company rating of “Hold” projecting a price of $61.00. October 27 investment analysts at Piper Jaffray Companies left the stock rating at “Hold” targeting a price of $56.00.
On October 26, 2017 Oppenheimer Holdings reiterated a “Hold” rating on the stock. On October 26, 2017 Robert W. Baird released research on TSCO stating a rating of “Buy” and price target of $66.00.
Credit Suisse Group updated guidance on TSCO and giving a rating of “Hold” and setting a price target of $52.00. Equity analyst Deutsche Bank AG lowered the price target of the stock on October 26 changing the price objective from $54.00 to $51.00 with a rating of “Hold”.
In the market the company is trading up from yesterday’s close of 61.65. Tractor Supply Co currently has a P/E ratio of 18.62 and market capitalization is 7.88B. In the latest earnings report the EPS was $3.37 with 126.70M shares presently outstanding.
Investors are feeling more bullish on Tractor Supply Co lately if you pay attention to the downtick in short interest. The stock recorded a fall in short interest of -0.92% between September 29, 2017 and October 13, 2017. Short interest decreased from 12,405,451 to 12,291,201 over that period. Days to cover decreased -1.0 to 7.0 and the percentage of shorted shares was 0.10% on October 13.