Tractor Supply Company (TSCO) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Tractor Supply Company (NASDAQ:TSCO) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 363,120 shares of the specialty retailer’s stock after buying an additional 2,636 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.28% of Tractor Supply worth $19,685,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Virginia Retirement Systems ET AL raised its position in Tractor Supply by 4.9% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 4,300 shares of the specialty retailer’s stock worth $233,000 after buying an additional 200 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of Tractor Supply by 37.5% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 27,500 shares of the specialty retailer’s stock valued at $1,491,000 after purchasing an additional 7,500 shares during the period. Thomas Story & Son LLC grew its stake in shares of Tractor Supply by 16.9% during the 2nd quarter. Thomas Story & Son LLC now owns 94,213 shares of the specialty retailer’s stock valued at $5,107,000 after purchasing an additional 13,635 shares during the period. BB&T Securities LLC grew its stake in shares of Tractor Supply by 522.2% during the 2nd quarter. BB&T Securities LLC now owns 60,012 shares of the specialty retailer’s stock valued at $3,253,000 after purchasing an additional 50,367 shares during the period. Finally, Douglass Winthrop Advisors LLC grew its stake in shares of Tractor Supply by 143.0% during the 2nd quarter. Douglass Winthrop Advisors LLC now owns 660,764 shares of the specialty retailer’s stock valued at $35,820,000 after purchasing an additional 388,816 shares during the period. 92.27% of the stock is owned by institutional investors and hedge funds.

Shares of Tractor Supply Company (NASDAQ TSCO) opened at 63.16 on Friday. Tractor Supply Company has a one year low of $49.87 and a one year high of $78.25. The stock has a market capitalization of $8.00 billion, a PE ratio of 19.09 and a beta of 1.30. The stock’s 50 day moving average price is $57.54 and its 200 day moving average price is $59.99.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the 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 firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.16 earnings per share. Equities research analysts predict that Tractor Supply Company will post $3.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, August 17th. Tractor Supply’s dividend payout ratio is presently 32.53%.

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A number of research firms have issued reports on TSCO. Credit Suisse Group restated a “hold” rating and set a $54.00 price target on shares of Tractor Supply in a research note on Wednesday. Robert W. Baird set a $62.00 price target on Tractor Supply and gave the company a “buy” rating in a research note on Friday, August 25th. Bank of America Corporation restated a “buy” rating and set a $69.00 price target on shares of Tractor Supply in a research note on Tuesday, September 5th. Deutsche Bank AG restated a “hold” rating and set a $54.00 price target (down from $69.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Finally, Guggenheim restated a “buy” rating and set a $70.00 price target (down from $80.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Sixteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently 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.

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

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