Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in Tractor Supply Company (NASDAQ:TSCO) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,551 shares of the specialty retailer’s stock after selling 146 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Tractor Supply were worth $518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of TSCO. Waldron LP acquired a new stake in shares of Tractor Supply in the first quarter worth approximately $269,000. First Trust Advisors LP boosted its stake in shares of Tractor Supply by 48.5% in the first quarter. First Trust Advisors LP now owns 151,672 shares of the specialty retailer’s stock worth $10,461,000 after acquiring an additional 49,532 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Tractor Supply by 10.5% in the first quarter. UBS Asset Management Americas Inc. now owns 356,264 shares of the specialty retailer’s stock worth $24,572,000 after acquiring an additional 33,768 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Tractor Supply in the first quarter worth approximately $2,231,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Tractor Supply by 1.3% in the first quarter. Ameriprise Financial Inc. now owns 54,944 shares of the specialty retailer’s stock worth $3,791,000 after acquiring an additional 718 shares during the last quarter. 91.99% of the stock is currently owned by hedge funds and other institutional investors.
TSCO has been the topic of a number of research analyst reports. BMO Capital Markets set a $57.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Deutsche Bank AG reissued a “hold” rating and set a $54.00 price objective (down previously from $69.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Bank of America Corporation reissued a “buy” rating and set a $69.00 price objective on shares of Tractor Supply in a research note on Tuesday, September 5th. Telsey Advisory Group lowered their price objective on Tractor Supply from $83.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, July 6th. Finally, Credit Suisse Group reissued a “hold” rating and set a $54.00 price objective on shares of Tractor Supply in a research note on Wednesday, September 13th. Sixteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $71.38.
Shares of Tractor Supply Company (NASDAQ:TSCO) opened at 61.25 on Wednesday. The stock has a market cap of $7.76 billion, a P/E ratio of 18.51 and a beta of 1.30. Tractor Supply Company has a 12-month low of $49.87 and a 12-month high of $78.25. The company has a 50 day moving average price of $57.82 and a 200 day moving average price of $59.67.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.02). Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the business earned $1.16 EPS. Tractor Supply’s revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts anticipate that Tractor Supply Company will post $3.25 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Thursday, August 17th. Tractor Supply’s dividend payout ratio (DPR) is 32.53%.
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About Tractor Supply
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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