Federated Investors Inc. PA lifted its stake in shares of Tractor Supply (NASDAQ:TSCO) by 51.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 4,184 shares of the specialty retailer’s stock after acquiring an additional 1,420 shares during the quarter. Federated Investors Inc. PA’s holdings in Tractor Supply were worth $320,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSCO. Boston Partners purchased a new stake in shares of Tractor Supply in the second quarter valued at $118,735,000. JPMorgan Chase & Co. lifted its holdings in shares of Tractor Supply by 272.3% in the first quarter. JPMorgan Chase & Co. now owns 772,945 shares of the specialty retailer’s stock valued at $48,710,000 after purchasing an additional 565,333 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Tractor Supply by 12.3% in the second quarter. Janus Henderson Group PLC now owns 4,473,406 shares of the specialty retailer’s stock valued at $342,171,000 after purchasing an additional 488,863 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Tractor Supply by 8,360.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 478,953 shares of the specialty retailer’s stock valued at $36,635,000 after purchasing an additional 473,292 shares in the last quarter. Finally, Champlain Investment Partners LLC lifted its holdings in shares of Tractor Supply by 38.6% in the first quarter. Champlain Investment Partners LLC now owns 1,292,115 shares of the specialty retailer’s stock valued at $81,429,000 after purchasing an additional 360,040 shares in the last quarter. 81.67% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Benjamin F. Parrish, Jr. sold 5,000 shares of the stock in a transaction on Monday, July 9th. The stock was sold at an average price of $78.44, for a total transaction of $392,200.00. Following the completion of the sale, the executive vice president now directly owns 21,948 shares in the company, valued at $1,721,601.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Benjamin F. Parrish, Jr. sold 25,252 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $89.62, for a total value of $2,263,084.24. Following the sale, the executive vice president now owns 28,700 shares of the company’s stock, valued at $2,572,094. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 240,676 shares of company stock valued at $21,239,177. 1.60% of the stock is owned by corporate insiders.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 26th. The specialty retailer reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.08. Tractor Supply had a return on equity of 35.24% and a net margin of 6.34%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company earned $1.25 earnings per share. Tractor Supply’s quarterly revenue was up 9.7% compared to the same quarter last year. analysts anticipate that Tractor Supply will post 4.19 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 11th. Investors of record on Monday, August 27th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, August 24th. This represents a $1.24 annualized dividend and a dividend yield of 1.37%. Tractor Supply’s dividend payout ratio is 37.24%.
A number of analysts have recently issued reports on TSCO shares. BidaskClub upgraded Tractor Supply from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 6th. Gordon Haskett started coverage on Tractor Supply in a report on Wednesday, June 20th. They issued an “accumulate” rating and a $86.00 target price for the company. Wells Fargo & Co increased their target price on Tractor Supply from $72.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, June 27th. ValuEngine upgraded Tractor Supply from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Finally, Zacks Investment Research upgraded Tractor Supply from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Thursday, June 28th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.60.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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