Loews Corp bought a new stake in shares of Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 90,000 shares of the specialty retailer’s stock, valued at approximately $4,879,000. Loews Corp owned approximately 0.07% of Tractor Supply as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in TSCO. Cleararc Capital Inc. boosted its position in shares of Tractor Supply by 0.9% in the 1st quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock valued at $221,000 after purchasing an additional 29 shares during the period. New Amsterdam Partners LLC NY boosted its position in shares of Tractor Supply by 0.7% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 6,893 shares of the specialty retailer’s stock valued at $374,000 after purchasing an additional 50 shares during the period. Fernwood Investment Management LLC boosted its position in shares of Tractor Supply by 0.6% in the 1st quarter. Fernwood Investment Management LLC now owns 10,840 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 70 shares during the period. Mount Vernon Associates Inc. MD boosted its position in shares of Tractor Supply by 0.4% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 17,380 shares of the specialty retailer’s stock valued at $942,000 after purchasing an additional 75 shares during the period. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of Tractor Supply by 3.8% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock valued at $172,000 after purchasing an additional 91 shares during the period. 92.27% of the stock is owned by institutional investors and hedge funds.
Tractor Supply Company (TSCO) traded up 0.11% during midday trading on Friday, hitting $62.57. The stock had a trading volume of 554,270 shares. The stock has a 50-day moving average of $57.38 and a 200-day moving average of $60.05. The firm has a market cap of $7.93 billion, a P/E ratio of 18.91 and a beta of 1.30. Tractor Supply Company has a 52 week low of $49.87 and a 52 week high of $78.25. Tractor Supply also saw unusually large options trading on Tuesday. Traders acquired 1,064 put options on the stock. This is an increase of 787% compared to the average daily volume of 120 put options.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.02). The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 earnings per share. Analysts forecast that Tractor Supply Company will post $3.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.08 annualized dividend and a dividend yield of 1.73%. Tractor Supply’s dividend payout ratio is currently 32.53%.
A number of equities analysts recently weighed in on TSCO shares. Piper Jaffray Companies set a $55.00 price target on Tractor Supply and gave the company a “hold” rating in a research report on Tuesday, July 25th. BidaskClub upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Robert W. Baird set a $62.00 price target on Tractor Supply and gave the company a “buy” rating in a research report on Friday, August 25th. BMO Capital Markets increased their price target on Tractor Supply from $57.00 to $58.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $54.00 price target on shares of Tractor Supply in a research report on Wednesday. Sixteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $71.38.
Tractor Supply 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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