Provident Investment Management Lowers stake in Tractor Supply Company (TSCO)

Tractor Supply Company (TSCO) : Provident Investment Management reduced its stake in Tractor Supply Company by 10.47% during the most recent quarter end. The investment management company now holds a total of 290,325 shares of Tractor Supply Company which is valued at $25,034,725 after selling 33,935 shares in Tractor Supply Company , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Tractor Supply Company makes up approximately 4.91% of Provident Investment Management’s portfolio.

Other Hedge Funds, Including , Eaton Vance Management boosted its stake in TSCO in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 119,101 shares of Tractor Supply Company which is valued at $10,270,079. Tractor Supply Company makes up approx 0.03% of Eaton Vance Management’s portfolio.Thomas Story Son boosted its stake in TSCO in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 81,458 shares of Tractor Supply Company which is valued at $7,024,123. Tractor Supply Company makes up approx 4.23% of Thomas Story Son’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in TSCO in the latest quarter, The investment management firm added 28,403 additional shares and now holds a total of 198,770 shares of Tractor Supply Company which is valued at $17,306,904. Tractor Supply Company makes up approx 0.05% of State Board Of Administration Of Florida Retirement System’s portfolio.California State Teachers Retirement System reduced its stake in TSCO by selling 7,381 shares or 2.55% in the most recent quarter. The Hedge Fund company now holds 282,472 shares of TSCO which is valued at $25,679,530. Tractor Supply Company makes up approx 0.05% of California State Teachers Retirement System’s portfolio.Louisiana State Employees Retirement System reduced its stake in TSCO by selling 100 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 8,800 shares of TSCO which is valued at $791,472. Tractor Supply Company makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.

Tractor Supply Company closed down -0.58 points or -0.68% at $84.67 with 12,06,358 shares getting traded on Wednesday. Post opening the session at $85.29, the shares hit an intraday low of $83.99 and an intraday high of $85.29 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Tractor Supply Company reported $1.16 EPS for the quarter, based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus estimate of $1.16. The company had revenue of $1850.00 million for the quarter, compared to analysts expectations of $1851.88 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.

Many Wall Street Analysts have commented on Tractor Supply Company. Tractor Supply Company was Downgraded by Northcoast to ” Neutral” on Jun 30, 2016. Shares were Reiterated by RBC Capital Mkts on Jun 30, 2016 to “Outperform” and Lowered the Price Target to $ 97 from a previous price target of $100 .Tractor Supply Company was Initiated by Guggenheim to “Buy” on Jun 14, 2016.

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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