Tractor Supply Company (TSCO) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its position in Tractor Supply Company (NASDAQ:TSCO) by 0.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,114,251 shares of the specialty retailer’s stock after selling 5,718 shares during the period. King Luther Capital Management Corp’s holdings in Tractor Supply Company were worth $76,850,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. WCM Investment Management CA boosted its stake in shares of Tractor Supply Company by 2.2% in the first quarter. WCM Investment Management CA now owns 437,624 shares of the specialty retailer’s stock worth $30,183,000 after buying an additional 9,425 shares in the last quarter. Engineers Gate Manager LP boosted its stake in shares of Tractor Supply Company by 276.8% in the first quarter. Engineers Gate Manager LP now owns 60,810 shares of the specialty retailer’s stock worth $4,194,000 after buying an additional 44,673 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Tractor Supply Company by 3.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock worth $172,000 after buying an additional 91 shares in the last quarter. Pensionfund Sabic boosted its stake in shares of Tractor Supply Company by 17.6% in the first quarter. Pensionfund Sabic now owns 19,400 shares of the specialty retailer’s stock worth $1,338,000 after buying an additional 2,900 shares in the last quarter. Finally, New Amsterdam Partners LLC NY acquired a new stake in shares of Tractor Supply Company during the first quarter worth $472,000. Hedge funds and other institutional investors own 92.61% of the company’s stock.

Institutional Ownership by Quarter for Tractor Supply Company (NASDAQ:TSCO)

Tractor Supply Company (NASDAQ TSCO) traded down 1.10% during trading on Wednesday, reaching $53.05. 128,465 shares of the company’s stock traded hands. The company has a 50-day moving average of $57.37 and a 200 day moving average of $68.33. The stock has a market capitalization of $6.82 billion, a P/E ratio of 16.38 and a beta of 1.23. Tractor Supply Company has a 12 month low of $52.85 and a 12 month high of $95.39.

Tractor Supply Company (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, April 26th. The specialty retailer reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Tractor Supply Company had a net margin of 6.25% and a return on equity of 29.64%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the business earned $0.50 earnings per share. Tractor Supply Company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, 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 was paid on Tuesday, June 6th. Shareholders of record on Monday, May 22nd were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, May 18th. This is a boost from Tractor Supply Company’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 2.01%. Tractor Supply Company’s payout ratio is 33.44%.

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A number of equities analysts have commented on TSCO shares. Instinet restated a “buy” rating and set a $85.00 price objective on shares of Tractor Supply Company in a research report on Saturday, March 11th. TheStreet downgraded shares of Tractor Supply Company from a “b” rating to a “c+” rating in a research report on Wednesday, April 12th. Robert W. Baird set a $80.00 price objective on shares of Tractor Supply Company and gave the stock a “buy” rating in a research report on Wednesday, April 12th. Guggenheim cut their price objective on shares of Tractor Supply Company from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Monday, April 17th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating on shares of Tractor Supply Company in a research report on Thursday, February 23rd. Eighteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.74.

Tractor Supply Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TSCO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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