Geode Capital Management LLC Has $99.36 Million Stake in Tractor Supply Company (TSCO)

Geode Capital Management LLC boosted its position in Tractor Supply Company (NASDAQ:TSCO) by 8.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,442,397 shares of the specialty retailer’s stock after buying an additional 115,192 shares during the period. Geode Capital Management LLC’s holdings in Tractor Supply Company were worth $99,358,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Cleararc Capital Inc. increased its position in shares of Tractor Supply Company by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock worth $221,000 after buying an additional 29 shares in the last quarter. Fernwood Investment Management LLC increased its position in shares of Tractor Supply Company by 0.6% in the first quarter. Fernwood Investment Management LLC now owns 10,840 shares of the specialty retailer’s stock worth $748,000 after buying an additional 70 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position 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. Dynamic Advisors Solutions LLC increased its position in shares of Tractor Supply Company by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the specialty retailer’s stock worth $211,000 after buying an additional 100 shares in the last quarter. Finally, Rothschild Asset Management Inc. increased its position in shares of Tractor Supply Company by 1.1% in the first quarter. Rothschild Asset Management Inc. now owns 9,774 shares of the specialty retailer’s stock worth $674,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

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

Shares of Tractor Supply Company (NASDAQ TSCO) traded down 3.22% during trading on Tuesday, reaching $53.84. 1,287,013 shares of the company traded hands. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 16.62 and a beta of 1.23. The stock’s 50 day moving average is $57.59 and its 200 day moving average is $68.49. Tractor Supply Company has a 1-year low of $52.85 and a 1-year high of $95.39.

Tractor Supply Company (NASDAQ:TSCO) last released 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. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.57 billion. Tractor Supply Company had a return on equity of 29.64% and a net margin of 6.25%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. On average, analysts forecast that Tractor Supply Company will post $3.41 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Monday, May 22nd were issued a $0.27 dividend. The ex-dividend date was Thursday, May 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.94%. This is a positive change from Tractor Supply Company’s previous quarterly dividend of $0.24. Tractor Supply Company’s payout ratio is presently 33.44%.

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A number of equities analysts have commented on the stock. Royal Bank Of Canada reduced their target price on shares of Tractor Supply Company from $72.00 to $67.00 and set a “sector perform” rating for the company in a report on Thursday, April 27th. Oppenheimer Holdings, Inc. set a $88.00 target price on shares of Tractor Supply Company and gave the stock a “buy” rating in a report on Thursday, April 27th. CIBC downgraded shares of Tractor Supply Company from an “outperform” rating to a “market perform” rating in a report on Thursday, May 4th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $79.00 target price (down from $80.00) on shares of Tractor Supply Company in a report on Friday, April 14th. Finally, Stephens downgraded shares of Tractor Supply Company from an “overweight” rating to an “equal weight” rating and set a $65.00 target price for the company. in a report on Wednesday, April 12th. Eighteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Tractor Supply Company currently has an average rating of “Hold” and an average target price of $82.74.

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.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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