Oregon Public Employees Retirement Fund raised its stake in Tractor Supply Company (NASDAQ:TSCO) by 6.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 34,511 shares of the specialty retailer’s stock after buying an additional 2,000 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Tractor Supply were worth $1,871,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its position in Tractor Supply by 3.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock valued at $172,000 after buying an additional 91 shares during the period. Dynamic Advisors Solutions LLC raised its stake in shares of Tractor Supply by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the specialty retailer’s stock worth $211,000 after buying an additional 100 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Tractor Supply during the first quarter worth about $216,000. Gofen & Glossberg LLC IL raised its stake 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 worth $218,000 after buying an additional 200 shares during the last quarter. Finally, Cleararc Capital Inc. raised its stake 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 worth $221,000 after buying an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.
Tractor Supply Company (NASDAQ TSCO) opened at 53.73 on Thursday. Tractor Supply Company has a 12-month low of $49.87 and a 12-month high of $86.39. The stock has a market capitalization of $6.89 billion, a PE ratio of 16.24 and a beta of 1.32. The stock’s 50 day moving average is $53.49 and its 200 day moving average is $61.97. Tractor Supply also was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 1,064 put options on the stock. This represents an increase of approximately 787% compared to the typical daily volume of 120 put options.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ 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 in the previous year, the company posted $1.16 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts forecast that Tractor Supply Company will post $3.25 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st will be issued a $0.27 dividend. The ex-dividend date is Thursday, August 17th. This represents a $1.08 annualized dividend and a dividend yield of 2.01%. Tractor Supply’s dividend payout ratio is currently 32.53%.
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A number of brokerages have recently issued reports on TSCO. BMO Capital Markets lifted their target price on Tractor Supply from $57.00 to $58.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Credit Suisse Group set a $54.00 price objective on Tractor Supply and gave the company a “hold” rating in a report on Thursday, July 27th. Deutsche Bank AG reissued a “hold” rating and issued a $54.00 price objective (down from $69.00) on shares of Tractor Supply in a report on Thursday, July 27th. Guggenheim reissued a “buy” rating and issued a $70.00 price objective (down from $80.00) on shares of Tractor Supply in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Tractor Supply in a research note on Thursday, July 27th. Nineteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Tractor Supply has an average rating of “Hold” and an average price target of $74.91.
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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