WCM Investment Management CA boosted its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 21.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 529,971 shares of the specialty retailer’s stock after buying an additional 92,347 shares during the period. WCM Investment Management CA owned 0.41% of Tractor Supply worth $28,730,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of TSCO. Leavell Investment Management Inc. raised its position in shares of Tractor Supply by 14.2% in the first quarter. Leavell Investment Management Inc. now owns 6,450 shares of the specialty retailer’s stock worth $445,000 after buying an additional 800 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Tractor Supply by 49.1% in the first quarter. Russell Investments Group Ltd. now owns 792,441 shares of the specialty retailer’s stock valued at $54,665,000 after buying an additional 260,784 shares in the last quarter. Shell Asset Management Co. raised its stake in Tractor Supply by 9.5% in the first quarter. Shell Asset Management Co. now owns 15,695 shares of the specialty retailer’s stock valued at $1,082,000 after buying an additional 1,358 shares in the last quarter. Korea Investment CORP raised its stake in Tractor Supply by 8,832.3% in the first quarter. Korea Investment CORP now owns 14,113 shares of the specialty retailer’s stock valued at $973,000 after buying an additional 13,955 shares in the last quarter. Finally, Waldron LP bought a new stake in Tractor Supply during the first quarter valued at $269,000. 90.60% of the stock is owned by hedge funds and other institutional investors.
Shares of Tractor Supply Company (TSCO) traded up 0.73% during mid-day trading on Thursday, hitting $53.85. The company had a trading volume of 98,868 shares. The company has a market capitalization of $6.82 billion, a P/E ratio of 16.27 and a beta of 1.32. The firm’s 50-day moving average price is $53.49 and its 200 day moving average price is $61.97. Tractor Supply Company has a one year low of $49.87 and a one year high of $86.39. Tractor Supply also was the recipient of unusually large options trading activity on Tuesday. Investors purchased 1,064 put options on the company. This represents an increase of approximately 787% compared to the average volume of 120 put options.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the company earned $1.16 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts predict that Tractor Supply Company will post $3.25 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders 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 2.01%. Tractor Supply’s payout ratio is presently 32.53%.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Tractor Supply from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. Royal Bank Of Canada reduced their price objective on Tractor Supply from $72.00 to $67.00 and set a “sector perform” rating for the company in a research note on Thursday, April 27th. Oppenheimer Holdings, Inc. set a $88.00 price objective on Tractor Supply and gave the stock a “buy” rating in a research note on Thursday, April 27th. UBS AG lowered Tractor Supply from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 4th. Finally, Wedbush reduced their price objective on Tractor Supply from $83.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, April 28th. Nineteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company 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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