Riverhead Capital Management LLC grew its holdings in Tractor Supply Company (NASDAQ:TSCO) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,402 shares of the specialty retailer’s stock after purchasing an additional 1,703 shares during the period. Riverhead Capital Management LLC’s holdings in Tractor Supply were worth $727,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Commonwealth Bank of Australia lifted its holdings in shares of Tractor Supply by 15.4% in the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 317 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Tractor Supply in the second quarter valued at $139,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Tractor Supply by 3.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock valued at $172,000 after purchasing an additional 91 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of Tractor Supply in the first quarter valued at $216,000. Finally, Gofen & Glossberg LLC IL lifted its holdings in shares of Tractor Supply by 6.7% in the first quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock valued at $218,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 91.99% of the company’s stock.
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Shares of Tractor Supply Company (NASDAQ TSCO) opened at 61.35 on Tuesday. The firm has a market capitalization of $7.77 billion, a P/E ratio of 18.54 and a beta of 1.30. The stock has a 50 day moving average price of $57.67 and a 200 day moving average price of $59.75. Tractor Supply Company has a 12 month low of $49.87 and a 12 month high of $78.25.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.02). The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 earnings per share. On average, analysts expect that Tractor Supply Company will post $3.25 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.08 annualized dividend and a dividend yield of 1.76%. Tractor Supply’s dividend payout ratio is presently 32.53%.
TSCO has been the subject of a number of research analyst reports. BMO Capital Markets set a $57.00 target price on Tractor Supply and gave the company a “hold” rating in a report on Tuesday, July 11th. Deutsche Bank AG restated a “hold” rating and issued a $54.00 target price (down previously from $69.00) on shares of Tractor Supply in a report on Thursday, July 27th. Bank of America Corporation restated a “buy” rating and issued a $69.00 target price on shares of Tractor Supply in a report on Tuesday, September 5th. Telsey Advisory Group reduced 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, Credit Suisse Group restated a “hold” rating and issued a $54.00 target price on shares of Tractor Supply in a report on Wednesday, September 13th. Sixteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $71.38.
Tractor Supply Company Profile
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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