Fruth Investment Management cut its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,615 shares of the specialty retailer’s stock after selling 300 shares during the period. Tractor Supply accounts for about 1.2% of Fruth Investment Management’s holdings, making the stock its 23rd largest position. Fruth Investment Management’s holdings in Tractor Supply were worth $2,526,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Tractor Supply by 2.8% in the first quarter. Vanguard Group Inc. now owns 12,348,781 shares of the specialty retailer’s stock valued at $851,697,000 after buying an additional 341,446 shares during the last quarter. BlackRock Inc. raised its stake in shares of Tractor Supply by 2,934.4% in the first quarter. BlackRock Inc. now owns 7,835,590 shares of the specialty retailer’s stock worth $540,419,000 after buying an additional 7,577,362 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Tractor Supply by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 6,386,058 shares of the specialty retailer’s stock worth $440,447,000 after buying an additional 425,355 shares in the last quarter. State Street Corp raised its stake in shares of Tractor Supply by 4.2% in the first quarter. State Street Corp now owns 5,695,059 shares of the specialty retailer’s stock worth $392,790,000 after buying an additional 230,443 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Tractor Supply by 8.6% in the first quarter. William Blair Investment Management LLC now owns 4,098,428 shares of the specialty retailer’s stock worth $282,669,000 after buying an additional 326,235 shares in the last quarter. Institutional investors own 91.37% of the company’s stock.
Tractor Supply Company (NASDAQ TSCO) traded up 0.56% on Friday, reaching $53.49. The company had a trading volume of 1,613,189 shares. The company’s 50 day moving average is $53.46 and its 200-day moving average is $62.52. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 16.17 and a beta of 1.32. Tractor Supply Company has a one year low of $49.87 and a one year high of $87.10.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 EPS 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 company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the business earned $1.16 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts expect that Tractor Supply Company will post $3.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.08 annualized dividend and a yield of 2.02%. Tractor Supply’s dividend payout ratio (DPR) is presently 32.53%.
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TSCO has been the topic of a number of research reports. UBS AG restated a “buy” rating and set a $75.00 price objective (down previously from $86.00) on shares of Tractor Supply in a research report on Friday, April 28th. Oppenheimer Holdings, Inc. set a $88.00 price objective on Tractor Supply and gave the stock a “buy” rating in a research report on Thursday, April 27th. Guggenheim restated a “buy” rating and set a $70.00 price objective (down previously from $80.00) on shares of Tractor Supply in a research report on Thursday, July 27th. BMO Capital Markets set a $57.00 price objective on Tractor Supply and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Finally, Zacks Investment Research upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. Nineteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Tractor Supply currently has an average rating of “Hold” and a consensus price target of $74.91.
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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