Financial Counselors Inc. purchased a new stake in Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,043 shares of the specialty retailer’s stock, valued at approximately $1,195,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Bank of Australia grew its holdings in Tractor Supply by 15.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after buying an additional 317 shares during the period. Bronfman E.L. Rothschild L.P. grew its holdings in Tractor Supply by 3.8% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock valued at $172,000 after buying an additional 91 shares during the period. Penserra Capital Management LLC purchased a new stake in Tractor Supply in the 2nd quarter valued at about $139,000. Koch Industries Inc. purchased a new stake in Tractor Supply in the 1st quarter valued at about $216,000. Finally, Gofen & Glossberg LLC IL grew its holdings in Tractor Supply by 6.7% in the 1st quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock valued at $218,000 after buying an additional 200 shares during the period. Institutional investors own 92.27% of the company’s stock.
Tractor Supply Company (TSCO) opened at 60.93 on Tuesday. Tractor Supply Company has a 12 month low of $49.87 and a 12 month high of $78.25. The firm has a 50 day moving average price of $56.45 and a 200-day moving average price of $60.08. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 18.41 and a beta of 1.30.
Tractor Supply (NASDAQ:TSCO) last released 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. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $1.16 EPS. On average, equities analysts forecast that Tractor Supply Company will post $3.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Thursday, August 17th. Tractor Supply’s dividend payout ratio (DPR) is currently 32.53%.
Several research firms have commented on TSCO. BMO Capital Markets set a $57.00 price target on Tractor Supply and gave the company a “hold” rating in a report on Tuesday, July 11th. Barclays PLC restated an “overweight” rating and issued a $70.00 price target (down previously from $90.00) on shares of Tractor Supply in a report on Saturday, July 22nd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Tractor Supply in a report on Thursday, July 27th. Telsey Advisory Group decreased their target price on Tractor Supply from $83.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, July 6th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $54.00 target price (down previously from $69.00) on shares of Tractor Supply in a report on Thursday, July 27th. Sixteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $71.38.
About Tractor Supply
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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