Could Tractor Supply Company (NASDAQ:TSCO) Skyrocket? The Stock Had Too Little Sellers

October 13, 2018 - By Peter Erickson

Tractor Supply Company (NASDAQ:TSCO) Logo

Investors sentiment increased to 1.11 in 2018 Q2. Its up 0.23, from 0.88 in 2018Q1. It is positive, as 37 investors sold Tractor Supply Company shares while 175 reduced holdings. 89 funds opened positions while 146 raised stakes. 96.47 million shares or 0.35% less from 96.81 million shares in 2018Q1 were reported.
Tennessee-based Patten Patten Tn has invested 1.19% in Tractor Supply Company (NASDAQ:TSCO). Bradley Foster And Sargent Inc Ct accumulated 19,640 shares or 0.05% of the stock. Fdx Advsrs owns 20,754 shares for 0.06% of their portfolio. Clean Yield Group Incorporated holds 1.32% or 41,512 shares. Moore Cap Management Lp invested 0.19% in Tractor Supply Company (NASDAQ:TSCO). Pub Employees Retirement Association Of Colorado has invested 0.08% of its portfolio in Tractor Supply Company (NASDAQ:TSCO). 545 are owned by Lenox Wealth Management. Endurance Wealth Mngmt holds 0% or 48 shares. Tokio Marine Asset Mgmt Limited holds 7,100 shares. Pictet Asset Ltd holds 0.03% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 182,224 shares. Rice Hall James & Limited Liability Corporation reported 116,443 shares stake. Canada Pension Plan Inv Board reported 208,872 shares or 0.03% of all its holdings. Tocqueville Asset Mgmt L P owns 15,000 shares for 0.01% of their portfolio. Proshare Advsr Ltd invested 0.01% in Tractor Supply Company (NASDAQ:TSCO). Davenport & Ltd Limited Liability Company reported 4,755 shares.

Since July 9, 2018, it had 0 buys, and 8 sales for $20.72 million activity. The insider Barbarick Steve K sold 21,257 shares worth $1.89 million. Shares for $12.70M were sold by SANDFORT GREGORY A on Tuesday, September 4. $488,607 worth of Tractor Supply Company (NASDAQ:TSCO) shares were sold by Barton Kurt D.

The stock of Tractor Supply Company (NASDAQ:TSCO) registered a decrease of 14.6% in short interest. TSCO’s total short interest was 4.77M shares in October as published by FINRA. Its down 14.6% from 5.59M shares, reported previously. With 1.49 million shares average volume, it will take short sellers 3 days to cover their TSCO’s short positions. The short interest to Tractor Supply Company’s float is 3.94%.

The stock increased 1.69% or $1.44 during the last trading session, reaching $86.67. About 1.34M shares traded. Tractor Supply Company (NASDAQ:TSCO) has risen 43.65% since October 13, 2017 and is uptrending. It has outperformed by 28.03% the S&P500.

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company has market cap of $10.56 billion. The firm offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use. It has a 22.56 P/E ratio. As of January 26, 2017, it operated 1,600 retail stores in 49 states.

Tractor Supply Company (NASDAQ:TSCO) Ratings Coverage

Among 14 analysts covering Tractor Supply (NASDAQ:TSCO), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Tractor Supply had 22 analyst reports since April 16, 2018 according to SRatingsIntel. The firm has “Overweight” rating given on Monday, July 9 by Stephens. The stock of Tractor Supply Company (NASDAQ:TSCO) earned “Outperform” rating by Wells Fargo on Wednesday, June 27. Telsey Advisory maintained the stock with “Hold” rating in Monday, April 23 report. Oppenheimer maintained Tractor Supply Company (NASDAQ:TSCO) rating on Friday, September 14. Oppenheimer has “Outperform” rating and $100 target. As per Friday, April 27, the company rating was upgraded by Oppenheimer. The firm earned “Overweight” rating on Friday, July 27 by PiperJaffray. The stock has “Neutral” rating by Wedbush on Wednesday, July 18. The firm earned “Equal-Weight” rating on Thursday, October 11 by Morgan Stanley. The firm has “Neutral” rating given on Friday, April 27 by Wedbush. The stock of Tractor Supply Company (NASDAQ:TSCO) earned “Hold” rating by RBC Capital Markets on Tuesday, April 24.

Another recent and important Tractor Supply Company (NASDAQ:TSCO) news was published by Globenewswire.com which published an article titled: “Tractor Supply Company to Webcast Third Quarter 2018 Results” on October 10, 2018.

Tractor Supply Company (NASDAQ:TSCO) Institutional Positions Chart

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