Mitchell Capital Management Co. reduced its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 5.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,134 shares of the specialty retailer’s stock after selling 4,248 shares during the period. Tractor Supply Company makes up about 1.9% of Mitchell Capital Management Co.’s holdings, making the stock its 29th largest position. Mitchell Capital Management Co.’s holdings in Tractor Supply Company were worth $5,113,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Tractor Supply Company by 3.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 17,586,228 shares of the specialty retailer’s stock worth $1,184,432,000 after buying an additional 592,472 shares during the last quarter. Bank of New York Mellon Corp raised its position in Tractor Supply Company 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 valued at $440,447,000 after buying an additional 425,355 shares in the last quarter. State Street Corp raised its position in Tractor Supply Company by 4.2% in the fourth quarter. State Street Corp now owns 5,464,616 shares of the specialty retailer’s stock valued at $414,279,000 after buying an additional 218,230 shares in the last quarter. William Blair Investment Management LLC raised its position in Tractor Supply Company by 74.9% in the fourth quarter. William Blair Investment Management LLC now owns 3,772,193 shares of the specialty retailer’s stock valued at $285,970,000 after buying an additional 1,615,765 shares in the last quarter. Finally, Fiera Capital Corp raised its position in Tractor Supply Company by 12.4% in the fourth quarter. Fiera Capital Corp now owns 2,941,185 shares of the specialty retailer’s stock valued at $222,971,000 after buying an additional 325,471 shares in the last quarter. Institutional investors and hedge funds own 86.37% of the company’s stock.
Tractor Supply Company (NASDAQ:TSCO) traded down 0.69% during trading on Friday, hitting $57.57. The stock had a trading volume of 2,364,515 shares. The stock has a 50 day moving average of $64.05 and a 200 day moving average of $70.80. The firm has a market capitalization of $7.40 billion, a P/E ratio of 17.77 and a beta of 1.24. Tractor Supply Company has a one year low of $57.42 and a one year high of $97.00.
Tractor Supply Company (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, April 26th. The specialty retailer reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.57 billion. Tractor Supply Company had a return on equity of 30.29% and a net margin of 6.45%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share. Equities research analysts expect that Tractor Supply Company will post $3.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Monday, May 22nd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.86%. This is an increase from Tractor Supply Company’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, May 18th. Tractor Supply Company’s dividend payout ratio (DPR) is presently 29.36%.
Several research analysts have issued reports on the company. Zacks Investment Research lowered Tractor Supply Company from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. Deutsche Bank AG set a $72.00 price objective on Tractor Supply Company and gave the stock a “hold” rating in a research note on Thursday, February 2nd. SunTrust Banks, Inc. lowered Tractor Supply Company from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research note on Friday, February 3rd. Wedbush reiterated an “outperform” rating and set a $85.00 price objective on shares of Tractor Supply Company in a research note on Sunday, February 5th. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $73.00 price objective on shares of Tractor Supply Company in a research note on Sunday, February 5th. Eighteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $82.74.
In related news, CMO Steve K. Barbarick sold 15,014 shares of the stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $72.59, for a total transaction of $1,089,866.26. Following the completion of the sale, the chief marketing officer now directly owns 65,450 shares of the company’s stock, valued at $4,751,015.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.
About Tractor Supply Company
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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