Strs Ohio decreased its position in Tractor Supply Co. (NASDAQ:TSCO) by 0.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 263,398 shares of the company’s stock after selling 531 shares during the period. Strs Ohio’s holdings in Tractor Supply were worth $24,016,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Mount Vernon Associates Inc. MD boosted its stake in Tractor Supply by 0.6% in the second quarter. Mount Vernon Associates Inc. MD now owns 18,035 shares of the company’s stock worth $1,644,000 after buying an additional 100 shares during the last quarter. Kelman Lazarov Inc. raised its position in shares of Tractor Supply by 4.3% in the second quarter. Kelman Lazarov Inc. now owns 2,919 shares of the company’s stock worth $270,000 after buying an additional 119 shares during the period. HL Financial Services LLC raised its position in shares of Tractor Supply by 3.6% in the second quarter. HL Financial Services LLC now owns 4,019 shares of the company’s stock worth $366,000 after buying an additional 140 shares during the period. SPC Financial Inc. raised its position in shares of Tractor Supply by 3.1% in the second quarter. SPC Financial Inc. now owns 5,685 shares of the company’s stock worth $518,000 after buying an additional 170 shares during the period. Finally, Eqis Capital Management Inc. raised its position in shares of Tractor Supply by 7.0% in the second quarter. Eqis Capital Management Inc. now owns 2,602 shares of the company’s stock worth $237,000 after buying an additional 171 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tractor Supply Co. (NASDAQ:TSCO) traded up 0.32% during midday trading on Tuesday, reaching $68.99. 1,935,331 shares of the company’s stock were exchanged. The stock has a market capitalization of $9.22 billion, a P/E ratio of 22.13 and a beta of 1.04. The firm has a 50-day moving average of $78.42 and a 200-day moving average of $88.62. Tractor Supply Co. has a 12-month low of $66.77 and a 12-month high of $97.25.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.16. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. Analysts anticipate that Tractor Supply Co. will post $3.24 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 30th. Stockholders of record on Monday, August 15th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, August 11th. Tractor Supply’s payout ratio is 30.77%.
A number of equities analysts have recently commented on TSCO shares. BTIG Research started coverage on shares of Tractor Supply in a report on Wednesday, June 1st. They set a “buy” rating and a $115.00 price target on the stock. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Tractor Supply in a report on Tuesday, June 7th. BMO Capital Markets reiterated a “hold” rating and set a $101.00 price target on shares of Tractor Supply in a report on Thursday, June 9th. Guggenheim started coverage on shares of Tractor Supply in a report on Monday, June 13th. They set a “buy” rating and a $110.00 price target on the stock. Finally, Credit Suisse Group AG reiterated an “outperform” rating and set a $96.00 price target (down previously from $100.00) on shares of Tractor Supply in a report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $89.63.
Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company operates in the retail sale of products that support the rural lifestyle segment. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.
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