Tredje AP fonden raised its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,580 shares of the specialty retailer’s stock after acquiring an additional 260 shares during the period. Tredje AP fonden’s holdings in Tractor Supply were worth $519,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in TSCO. Waldron LP bought a new stake in Tractor Supply during the 1st quarter valued at $269,000. Canada Pension Plan Investment Board raised its stake in Tractor Supply by 90.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 39,820 shares of the specialty retailer’s stock valued at $2,746,000 after acquiring an additional 18,892 shares in the last quarter. First Trust Advisors LP raised its stake in Tractor Supply by 48.5% during the 1st quarter. First Trust Advisors LP now owns 151,672 shares of the specialty retailer’s stock valued at $10,461,000 after acquiring an additional 49,532 shares in the last quarter. LS Investment Advisors LLC raised its stake in Tractor Supply by 19.6% during the 1st quarter. LS Investment Advisors LLC now owns 4,988 shares of the specialty retailer’s stock valued at $344,000 after acquiring an additional 816 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Tractor Supply by 3.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,921 shares of the specialty retailer’s stock valued at $1,650,000 after acquiring an additional 847 shares in the last quarter. 92.27% of the stock is currently owned by hedge funds and other institutional investors.
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Several analysts have weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Tractor Supply in a research note on Thursday, July 27th. Robert W. Baird set a $62.00 target price on Tractor Supply and gave the company a “buy” rating in a research note on Friday, August 25th. Credit Suisse Group reaffirmed a “hold” rating and set a $54.00 target price on shares of Tractor Supply in a research note on Wednesday. BMO Capital Markets lifted their target price on Tractor Supply from $57.00 to $58.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Finally, BidaskClub raised Tractor Supply from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $71.38.
Tractor Supply Company (TSCO) opened at 63.16 on Friday. The company has a 50 day moving average price of $57.54 and a 200-day moving average price of $59.99. The firm has a market capitalization of $8.00 billion, a PE ratio of 19.09 and a beta of 1.30. Tractor Supply Company has a one year low of $49.87 and a one year high of $78.25.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.02). The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $1.16 EPS. On average, equities analysts predict that Tractor Supply Company will post $3.25 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, August 17th. Tractor Supply’s dividend payout ratio (DPR) is currently 32.53%.
Tractor Supply 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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