Short Interest Alert: Tractor Supply Company (NASDAQ:TSCO) Sellers Covered 10.14% of Their Shorts

November 18, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Alert: Tractor Supply Company (NASDAQ:TSCO) Sellers Covered 10.14% of Their Shorts

The stock of Tractor Supply Company (NASDAQ:TSCO) registered a decrease of 10.14% in short interest. TSCO’s total short interest was 6.03 million shares in November as published by FINRA. Its down 10.14% from 6.72M shares, reported previously. With 3.78M shares average volume, it will take short sellers 2 days to cover their TSCO’s short positions. The short interest to Tractor Supply Company’s float is 4.53%. The stock closed at $73.16 during the last session. It is down 18.84% since April 18, 2016 and is downtrending. It has underperformed by 23.27% the S&P500.

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The company has a market cap of $9.75 billion. The Firm operates in the retail sale of products that support the rural lifestyle segment. It has a 23.19 P/E ratio. The Firm focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.

Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.30, from 1.19 in 2016Q1. The ratio dropped, as 32 funds sold all Tractor Supply Company shares owned while 177 reduced positions. 56 funds bought stakes while 192 increased positions. They now own 117.30 million shares or 2.04% less from 119.74 million shares in 2016Q1.
Waldron Ltd Partnership owns 2,373 shares or 0.09% of their US portfolio. Meiji Yasuda Life Insur accumulated 12,300 shares or 0.18% of the stock. Kcg reported 2,286 shares or 0% of all its holdings. Orleans Management Corp La last reported 6,231 shares in the company. Legal General Gp Public Limited Co owns 469,874 shares or 0.05% of their US portfolio. Mitchell reported 122,352 shares or 4.46% of all its holdings. Guggenheim Lc last reported 0.11% of its portfolio in the stock. Farmers And Merchants Invests Inc, a Nebraska-based fund reported 35 shares. Royal Financial Bank Of Canada has 0.01% invested in the company for 227,023 shares. Schroder Inv Mgmt Group holds 680,963 shares or 0.12% of its portfolio. Plante Moran Fin Advisors Ltd Com accumulated 102 shares or 0.01% of the stock. Fdx Advsrs Incorporated owns 2,816 shares or 0.01% of their US portfolio. Moreover, Prescott Group Capital Mgmt Ltd has 0.26% invested in Tractor Supply Company (NASDAQ:TSCO) for 12,053 shares. Moreover, Regions Fin Corp has 0.01% invested in Tractor Supply Company (NASDAQ:TSCO) for 6,890 shares. Barclays Public Limited Com last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since May 31, 2016, the stock had 1 insider buy, and 2 selling transactions for $2.84 million net activity. 11,250 shares were sold by Barbarick Steve K, worth $1.09 million on Tuesday, May 31. $66,136 worth of Tractor Supply Company (NASDAQ:TSCO) shares were bought by Weikel Mark J. Crudele Anthony F also sold $1.82M worth of Tractor Supply Company (NASDAQ:TSCO) shares.

Tractor Supply Company (NASDAQ:TSCO) Ratings Coverage

Out of 15 analysts covering Tractor Supply (NASDAQ:TSCO), 7 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 47% are positive. Tractor Supply has been the topic of 29 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Zacks upgraded Tractor Supply Company (NASDAQ:TSCO) rating on Tuesday, September 22. Zacks has “Buy” rating and $95 price target. Raymond James downgraded Tractor Supply Company (NASDAQ:TSCO) on Thursday, September 8 to “Mkt Perform” rating. Wedbush maintained Tractor Supply Company (NASDAQ:TSCO) rating on Thursday, October 20. Wedbush has “Neutral” rating and $65 price target. As per Friday, October 28, the company rating was downgraded by Argus Research. The firm has “Buy” rating by Deutsche Bank given on Thursday, July 23. The firm has “Neutral” rating by Wedbush given on Thursday, September 8. The rating was maintained by JP Morgan with “Overweight” on Thursday, June 30. The stock of Tractor Supply Company (NASDAQ:TSCO) earned “Buy” rating by UBS on Thursday, September 8. As per Wednesday, January 13, the company rating was maintained by Telsey Advisory Group. The stock has “Neutral” rating given by Goldman Sachs on Thursday, April 21.

TSCO Company Profile

Tractor Supply Company, incorporated on December 2, 1982, is an operator of rural lifestyle retail stores in the United States. The Firm operates in the retail sale of products that support the rural lifestyle segment. The Firm focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. It operates over 1,490 retail stores in over 50 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. The Company’s stores offer merchandise, which includes equine, livestock, pet and small animal products; hardware, truck, towing and tool products; seasonal products, including heating, lawn and garden items, power equipment, gifts and toys; work/recreational clothing and footwear, and maintenance products for agricultural and rural use.

More news for Tractor Supply Company (NASDAQ:TSCO) were recently published by: Baltimoresun.com, which released: “Tractor Supply Company’s new Fallston store is open, celebration Saturday” on November 03, 2016. Wsj.com‘s article titled: “Tractor Supply Sales Hurt by Weakness in Energy, Agricultural Markets” and published on October 19, 2016 is yet another important article.

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By Linda Rogers


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