Tractor Supply (TSCO) Position Lowered by Cerebellum GP LLC

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Cerebellum GP LLC decreased its holdings in Tractor Supply (NASDAQ:TSCO) by 25.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,365 shares of the specialty retailer’s stock after selling 823 shares during the quarter. Cerebellum GP LLC’s holdings in Tractor Supply were worth $181,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Pensionfund DSM Netherlands acquired a new stake in Tractor Supply during the second quarter valued at approximately $2,968,000. Pensionfund Sabic acquired a new stake in shares of Tractor Supply during the 2nd quarter worth approximately $2,256,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Tractor Supply during the 1st quarter worth approximately $894,000. Nicola Wealth Management LTD. acquired a new stake in shares of Tractor Supply during the 1st quarter worth approximately $5,042,000. Finally, Diversified Trust Co acquired a new stake in shares of Tractor Supply during the 1st quarter worth approximately $223,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Shares of TSCO traded up $0.76 during mid-day trading on Thursday, reaching $76.89. The company’s stock had a trading volume of 56,355 shares, compared to its average volume of 1,559,014. The firm has a market capitalization of $9.43 billion, a P/E ratio of 23.15, a PEG ratio of 1.41 and a beta of 1.32. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $82.68. The company has a quick ratio of 0.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.54.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, April 26th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. Tractor Supply had a return on equity of 31.99% and a net margin of 5.88%. Tractor Supply’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. analysts expect that Tractor Supply will post 4.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 29th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.61%. This is an increase from Tractor Supply’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, May 25th. Tractor Supply’s dividend payout ratio is presently 37.24%.

TSCO has been the topic of a number of research reports. Goldman Sachs Group upgraded Tractor Supply from a “neutral” rating to a “buy” rating and increased their price target for the stock from $72.00 to $79.00 in a research report on Monday, April 16th. Piper Jaffray Companies raised Tractor Supply from a “neutral” rating to an “overweight” rating and set a $71.00 price objective for the company in a report on Friday, April 20th. Wedbush set a $60.00 price objective on Tractor Supply and gave the stock a “neutral” rating in a report on Monday, April 9th. Wells Fargo & Co assumed coverage on Tractor Supply in a report on Monday, April 23rd. They issued an “outperform” rating and a $70.00 price objective for the company. Finally, UBS Group raised Tractor Supply from a “market perform” rating to an “outperform” rating in a research note on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $74.05.

About Tractor Supply

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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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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