Teacher Retirement System of Texas boosted its position in Tractor Supply Co. (NASDAQ:TSCO) by 31.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,590 shares of the company’s stock after buying an additional 2,275 shares during the period. Teacher Retirement System of Texas’ holdings in Tractor Supply were worth $874,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC increased its stake in Tractor Supply by 54.3% in the second quarter. William Blair Investment Management LLC now owns 2,150,617 shares of the company’s stock worth $196,093,000 after buying an additional 756,716 shares in the last quarter. Schroder Investment Management Group increased its stake in Tractor Supply by 617.1% in the second quarter. Schroder Investment Management Group now owns 680,963 shares of the company’s stock worth $62,090,000 after buying an additional 586,008 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in Tractor Supply during the second quarter worth approximately $48,979,000. Bank of Montreal Can bought a new stake in Tractor Supply during the second quarter worth approximately $47,125,000. Finally, Columbus Circle Investors increased its stake in Tractor Supply by 63.9% in the second quarter. Columbus Circle Investors now owns 529,259 shares of the company’s stock worth $48,258,000 after buying an additional 206,260 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.
Tractor Supply Co. (NASDAQ:TSCO) traded up 0.39% during mid-day trading on Tuesday, hitting $69.04. The stock had a trading volume of 742,853 shares. The firm’s 50-day moving average price is $78.88 and its 200-day moving average price is $88.78. Tractor Supply Co. has a 1-year low of $66.77 and a 1-year high of $97.25. The stock has a market cap of $9.23 billion, a PE ratio of 22.14 and a beta of 1.04.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, hitting analysts’ consensus estimates of $1.16. The firm earned $1.85 billion during the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a return on equity of 30.30% and a net margin of 6.57%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 EPS. On average, equities analysts expect that Tractor Supply Co. will post $3.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 30th. Stockholders of record on Monday, August 15th were paid a $0.24 dividend. The ex-dividend date was Thursday, August 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.40%. Tractor Supply’s payout ratio is presently 30.77%.
A number of equities research analysts recently commented on TSCO shares. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of Tractor Supply in a report on Friday, August 5th. Zacks Investment Research upgraded Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. Morgan Stanley reiterated a “hold” rating and issued a $95.00 price objective on shares of Tractor Supply in a report on Tuesday, September 6th. Barclays PLC dropped their price objective on Tractor Supply from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, September 8th. Finally, Nomura reiterated a “buy” rating and issued a $105.00 price objective on shares of Tractor Supply in a report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. Tractor Supply presently has a consensus rating of “Hold” and an average target price of $89.63.
About Tractor Supply
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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