Ingalls & Snyder LLC continued to hold its position in shares of Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,338 shares of the specialty retailer’s stock at the end of the second quarter. Ingalls & Snyder LLC’s holdings in Tractor Supply were worth $560,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in 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. Renaissance Technologies LLC purchased a new stake in Tractor Supply during the first quarter worth approximately $102,767,000. Morgan Stanley raised its stake in Tractor Supply by 214.1% in the first quarter. Morgan Stanley now owns 1,422,302 shares of the specialty retailer’s stock worth $98,098,000 after buying an additional 969,544 shares in the last quarter. Wedgewood Partners Inc. raised its stake in Tractor Supply by 41.4% in the first quarter. Wedgewood Partners Inc. now owns 2,200,018 shares of the specialty retailer’s stock worth $151,733,000 after buying an additional 643,844 shares in the last quarter. Finally, Columbia Wanger Asset Management LLC bought a new position in shares of Tractor Supply during the first quarter valued at about $37,690,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.
Tractor Supply Company (NASDAQ TSCO) traded down 0.40% on Friday, hitting $54.70. 3,048,336 shares of the company’s stock traded hands. Tractor Supply Company has a 12 month low of $49.87 and a 12 month high of $86.25. The stock has a market cap of $6.93 billion, a P/E ratio of 16.53 and a beta of 1.32. The stock has a 50 day moving average price of $53.58 and a 200-day moving average price of $61.77. Tractor Supply also was the recipient of some unusual options trading on Tuesday. Traders bought 1,064 put options on the company. This represents an increase of 787% compared to the average daily volume of 120 put options.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by $0.02. The firm had revenue of $2.02 billion for 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%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share. Equities analysts predict that Tractor Supply Company will post $3.25 earnings per share for the current fiscal 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 given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.97%. Tractor Supply’s dividend payout ratio is currently 32.53%.
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TSCO has been the topic of several research analyst reports. BMO Capital Markets set a $57.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Deutsche Bank AG reissued a “hold” rating and set a $54.00 target price (down from $69.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Telsey Advisory Group lowered their price objective on shares of Tractor Supply from $83.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, July 6th. Credit Suisse Group set a $54.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Nineteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price 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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