SSgA Funds Management, Inc. has recently announced that it has increased stake in Tractor Supply Company (NASDAQ:TSCO) by 0.77%. After grabbing 4.46 million shares, the institutional investor is now in possession of 34281.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 4.05% having worth around $1.06 billion. Moreover, AllianceBernstein LP increased its share by 0.89 million to have a control over 3.05 million shares. And Geode Capital Management LLC raised its holdings to 0.14 million shares by acquiring 2.5 million shares or 2.27% of the stake.
Tractor Supply Company (TSCO) concluded trading on 05/24/23 at a closing price of $218.49, with 1.11 million shares of worth about $242.92 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.88% during that period and on Wednesday the price saw a loss of about -0.02%. Currently the company’s common shares owned by public are about 110.05M shares, out of which, 108.77M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 33 analysts are covering the TSCO stock and their offered price forecasts bring an average price target of $256.55. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $280.00 and could fall to a lowest price of $224.00. The stock’s current price level is 14.44% above of average price target set by the analysts, while a rise to estimated low would result in gain of 2.46% for the stock. However, touching the estimated high of $280.00 would mean a gain of 21.97% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 99 times over the past 12 months. They bought 133,217 shares in 35 of the transactions. In 64 selling transactions, insiders dumped 127,290 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in Tractor Supply Company Vanguard Total Stock Market ETF is currently holding 3.42 million shares of worth totaling $814.43 million. The company recently came buying 11189.0 shares which brought its stake up to 3.10% of the company’s outstanding shares. Vanguard 500 Index Fund bought 13762.0 shares, after which its hold over company’s outstanding shares expand to 2.36%, leaving 2.59 million shares with the mutual fund that have a worth of about $618.06 million. Vanguard Mid Cap Index Fund, after selling 2.57 million shares, have now control over 2.34% of the stake in the company. It holds 1261.0 shares of worth $612.64 million.
Tractor Supply Company (NASDAQ: TSCO) started trading at $220.82, above $2.28 from concluding price of the previous day. However, the stock later moved at a day high price of 221.16, or with a loss of -0.02%. Stock saw a price change of -2.85% in past 5 days and over the past one month there was a price change of -10.59%. Year-to-date (YTD), TSCO shares are showing a performance of -2.88% which increased to 23.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $166.49 but also hit the highest price of $251.17 during that period. The average intraday trading volume for Tractor Supply Company shares is 1.02 million. The stock is currently trading -7.20% below its 20-day simple moving average (SMA20), while that difference is down -7.46% for SMA50 and it goes to 0.19% higher than SMA200.
SSgA Funds Management, Inc. acquired 4.46 million shares of Tractor Supply Company having value of about $1.06 billion. Data submitted at the U.S SEC by SSgA Funds Management, Inc. revealed that the firm now holds 34281.0 shares in the company valued at close to $7490055.69, or have control over 0.77% stake in the company. Tractor Supply Company (NASDAQ: TSCO) currently have 110.05M outstanding shares and institutions hold larger chunk of about 88.70% of that. Holding of mutual funds in the company is about 40.35% while other institutional holders and individual stake holders have control over 48.69% and 10.13% of the stake respectively.
The stock has a current market capitalization of $24.62B and its 3Y-monthly beta is at 0.82. PE ratio of stock for trailing 12 months is 22.49, while it has posted earnings per share of $9.72 in the same period. Its PEG reads 2.44 and has Quick Ratio of 0.20 while making debt-to-equity ratio of 0.86. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TSCO, volatility over the week remained 2.54% while standing at 2.38% over the month.
Analysts are in expectations that Tractor Supply Company (TSCO) stock would likely to be making an EPS of $3.98 in the current quarter, while forecast for next quarter EPS is $2.36 and it is $11.56 for next year. For the current quarter EPS, analysts have given the company a lowest target $3.89 which is $4.15 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.53 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 12.80% while it is estimated to increase by 10.10% in next year. EPS is likely to shrink at an annualized rate of 9.21% for next 5-years, compared to annual growth of 23.80% made by the stock over the past 5-years.
Analysts at 33 brokerage firms have issued recommendations for the Tractor Supply Company (TSCO)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.10. Out of those 33 Wall Street analysts, 19 recommended a “Buy” rating, while 11 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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