Cambridge Investment Research Advisors Inc. increased its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 16.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,522 shares of the specialty retailer’s stock after buying an additional 1,945 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Tractor Supply were worth $733,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of TSCO. Bronfman E.L. Rothschild L.P. boosted its position in Tractor Supply by 3.8% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock worth $172,000 after purchasing an additional 91 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Tractor Supply in the second quarter valued at about $139,000. Koch Industries Inc. bought a new stake in shares of Tractor Supply in the first quarter valued at about $216,000. Gofen & Glossberg LLC IL boosted its position in shares of Tractor Supply by 6.7% in the first quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock valued at $218,000 after acquiring an additional 200 shares during the period. Finally, Cleararc Capital Inc. boosted its position in shares of Tractor Supply by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock valued at $221,000 after acquiring an additional 29 shares during the period. Institutional investors and hedge funds own 92.27% of the company’s stock.
Shares of Tractor Supply Company (TSCO) opened at 62.49 on Friday. Tractor Supply Company has a 12 month low of $49.87 and a 12 month high of $78.25. The stock’s 50 day moving average price is $57.38 and its 200 day moving average price is $60.05. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 18.88 and a beta of 1.30. Tractor Supply also saw some unusual options trading on Tuesday. Investors bought 1,064 put options on the company. This is an increase of 787% compared to the typical 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 (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.02). The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. Tractor Supply’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share. Analysts expect that Tractor Supply Company will post $3.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were issued a $0.27 dividend. The ex-dividend date was Thursday, August 17th. This represents a $1.08 annualized dividend and a dividend yield of 1.73%. Tractor Supply’s payout ratio is 32.53%.
A number of research analysts recently commented on TSCO shares. Credit Suisse Group reaffirmed a “hold” rating and issued a $54.00 price target on shares of Tractor Supply in a research note on Wednesday. Bank of America Corporation reaffirmed a “buy” rating and issued a $69.00 price target on shares of Tractor Supply in a research note on Tuesday, September 5th. Robert W. Baird set a $62.00 price target on Tractor Supply and gave the company a “buy” rating in a research note on Friday, August 25th. BMO Capital Markets boosted their price target 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, Deutsche Bank AG reissued a “hold” rating and set a $54.00 target price (down previously from $69.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Sixteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $71.38.
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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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