Korea Investment CORP raised its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 8,832.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,113 shares of the specialty retailer’s stock after buying an additional 13,955 shares during the period. Korea Investment CORP’s holdings in Tractor Supply Company were worth $973,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Elgethun Capital Management acquired a new position in Tractor Supply Company during the fourth quarter worth $197,000. Dynamic Advisors Solutions LLC raised its position in Tractor Supply Company by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the specialty retailer’s stock worth $211,000 after buying an additional 100 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new position in Tractor Supply Company during the third quarter worth about $236,000. Moody National Bank Trust Division purchased a new position in Tractor Supply Company during the first quarter worth about $253,000. Finally, Gideon Capital Advisors Inc. purchased a new position in Tractor Supply Company during the fourth quarter worth about $290,000. Institutional investors and hedge funds own 86.37% of the company’s stock.
Shares of Tractor Supply Company (NASDAQ:TSCO) traded down 0.69% during mid-day trading on Friday, hitting $57.57. 2,364,515 shares of the stock were exchanged. Tractor Supply Company has a 12-month low of $57.42 and a 12-month high of $97.00. The stock’s 50 day moving average price is $63.74 and its 200-day moving average price is $70.77. The stock has a market capitalization of $7.40 billion, a P/E ratio of 17.77 and a beta of 1.24.
Tractor Supply Company (NASDAQ:TSCO) last issued its earnings results on Wednesday, April 26th. The specialty retailer reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.57 billion. Tractor Supply Company had a return on equity of 30.29% and a net margin of 6.45%. Tractor Supply Company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. On average, equities research analysts expect that Tractor Supply Company will post $3.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Monday, May 22nd will be paid a $0.27 dividend. The ex-dividend date is Thursday, May 18th. This represents a $1.08 annualized dividend and a yield of 1.88%. This is a positive change from Tractor Supply Company’s previous quarterly dividend of $0.24. Tractor Supply Company’s dividend payout ratio is currently 29.36%.
A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Tractor Supply Company from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. Deutsche Bank AG set a $72.00 price target on shares of Tractor Supply Company and gave the stock a “hold” rating in a research report on Thursday, February 2nd. SunTrust Banks, Inc. lowered shares of Tractor Supply Company from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research report on Friday, February 3rd. Wedbush restated an “outperform” rating and issued a $85.00 price target on shares of Tractor Supply Company in a research report on Sunday, February 5th. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $73.00 price target on shares of Tractor Supply Company in a research report on Sunday, February 5th. Eighteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $82.74.
In other Tractor Supply Company news, CMO Steve K. Barbarick sold 15,014 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $72.59, for a total value of $1,089,866.26. Following the completion of the sale, the chief marketing officer now owns 65,450 shares of the company’s stock, valued at $4,751,015.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.
Tractor Supply Company Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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