Tandem Investment Advisors Inc. trimmed its position in Tractor Supply (NASDAQ:TSCO) by 0.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 142,194 shares of the specialty retailer’s stock after selling 706 shares during the quarter. Tractor Supply makes up about 3.3% of Tandem Investment Advisors Inc.’s holdings, making the stock its 13th largest holding. Tandem Investment Advisors Inc.’s holdings in Tractor Supply were worth $10,876,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in TSCO. Centaurus Financial Inc. purchased a new stake in Tractor Supply in the 1st quarter worth approximately $100,000. Kennedy Capital Management Inc. purchased a new stake in Tractor Supply in the 4th quarter worth approximately $204,000. D.B. Root & Company LLC purchased a new stake in Tractor Supply in the 1st quarter worth approximately $213,000. Diversified Trust Co purchased a new stake in Tractor Supply in the 1st quarter worth approximately $223,000. Finally, Rampart Investment Management Company LLC increased its holdings in Tractor Supply by 117.0% in the 1st quarter. Rampart Investment Management Company LLC now owns 3,676 shares of the specialty retailer’s stock worth $232,000 after acquiring an additional 1,982 shares in the last quarter. 80.63% of the stock is owned by institutional investors.
Shares of Tractor Supply traded up $0.65, reaching $76.78, on Thursday, Marketbeat.com reports. The company’s stock had a trading volume of 63,375 shares, compared to its average volume of 1,559,014. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $82.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.96. The firm has a market cap of $9.43 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.41 and a beta of 1.32.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, April 26th. The specialty retailer reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. Tractor Supply had a net margin of 5.88% and a return on equity of 31.99%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the firm posted $0.46 earnings per share. Tractor Supply’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities analysts predict that Tractor Supply will post 4.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 12th. Investors of record on Tuesday, May 29th were issued a $0.31 dividend. The ex-dividend date was Friday, May 25th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.27. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.62%. Tractor Supply’s dividend payout ratio (DPR) is 37.24%.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Thursday, June 28th. ValuEngine raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Wells Fargo & Co increased their price objective on shares of Tractor Supply from $72.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, June 27th. BidaskClub raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a report on Saturday, June 23rd. Finally, Gordon Haskett assumed coverage on shares of Tractor Supply in a report on Wednesday, June 20th. They set an “accumulate” rating and a $86.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the stock. Tractor Supply presently has a consensus rating of “Hold” and a consensus price target of $74.05.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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