Bristol Gate Capital Partners buys $26.6 Million stake in Tractor Supply Company (TSCO)

Tractor Supply Company (TSCO) : Bristol Gate Capital Partners scooped up 28,343 additional shares in Tractor Supply Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 288,968 shares of Tractor Supply Company which is valued at $26.6 Million.Tractor Supply Company makes up approximately 5.02% of Bristol Gate Capital Partners’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas reduced its stake in TSCO by selling 18,041 shares or 71.15% in the most recent quarter. The Hedge Fund company now holds 7,315 shares of TSCO which is valued at $672,980.Fernwood Investment Management reduced its stake in TSCO by selling 4,700 shares or 33.48% in the most recent quarter. The Hedge Fund company now holds 9,340 shares of TSCO which is valued at $859,280. Tractor Supply Company makes up approx 0.87% of Fernwood Investment Management’s portfolio.Intrust Bank Na boosted its stake in TSCO in the latest quarter, The investment management firm added 559 additional shares and now holds a total of 13,585 shares of Tractor Supply Company which is valued at $1.3 Million. Tractor Supply Company makes up approx 0.46% of Intrust Bank Na’s portfolio.Wellington Shields Capital Management reduced its stake in TSCO by selling 6,000 shares or 46.51% in the most recent quarter. The Hedge Fund company now holds 6,900 shares of TSCO which is valued at $645,633. Tractor Supply Company makes up approx 0.11% of Wellington Shields Capital Management’s portfolio.State Of New Jersey Common Pension Fund D boosted its stake in TSCO in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 75,000 shares of Tractor Supply Company which is valued at $7.1 Million. Tractor Supply Company makes up approx 0.03% of State Of New Jersey Common Pension Fund D’s portfolio.

Tractor Supply Company opened for trading at $92.05 and hit $93.9936 on the upside on Monday, eventually ending the session at $93.57, with a gain of 1.71% or 1.57 points. The heightened volatility saw the trading volume jump to 7,09,272 shares. Company has a market cap of $12,485 M.

On the company’s financial health, Tractor Supply Company reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.46. The company had revenue of $1467.80 million for the quarter, compared to analysts expectations of $1449.13 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on Tractor Supply Company. Company shares were Reiterated by UBS on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $97 .Company shares were Reiterated by Deutsche Bank on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $94 .Company shares were Reiterated by Telsey Advisory Group on Apr 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 103 from a previous price target of $100 .

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.

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