Vanguard Group Inc. Has $1,059,998,000 Stake in Tractor Supply Co. (TSCO)
Vanguard Group Inc. boosted its stake in Tractor Supply Co. (NASDAQ:TSCO) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,625,336 shares of the company’s stock after buying an additional 189,876 shares during the period. Vanguard Group Inc. owned approximately 8.70% of Tractor Supply worth $1,059,998,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Argent Trust Co raised its stake in Tractor Supply by 0.5% in the second quarter. Argent Trust Co now owns 3,991 shares of the company’s stock valued at $364,000 after buying an additional 19 shares during the last quarter. Glenmede Trust Co. NA raised its stake in Tractor Supply by 2.8% in the second quarter. Glenmede Trust Co. NA now owns 3,162 shares of the company’s stock valued at $287,000 after buying an additional 85 shares during the last quarter. World Asset Management Inc raised its stake in Tractor Supply by 0.7% in the second quarter. World Asset Management Inc now owns 13,126 shares of the company’s stock valued at $1,197,000 after buying an additional 88 shares during the last quarter. Creative Planning raised its stake in Tractor Supply by 0.7% in the first quarter. Creative Planning now owns 14,033 shares of the company’s stock valued at $1,269,000 after buying an additional 100 shares during the last quarter. Finally, Mount Vernon Associates Inc. MD raised its stake in Tractor Supply by 0.6% in the second quarter. Mount Vernon Associates Inc. MD now owns 18,035 shares of the company’s stock valued at $1,644,000 after buying an additional 100 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tractor Supply Co. (NASDAQ:TSCO) traded down 0.62% during trading on Wednesday, hitting $67.16. 188,539 shares of the stock traded hands. The company has a 50-day moving average of $81.20 and a 200-day moving average of $89.32. Tractor Supply Co. has a 52 week low of $67.14 and a 52 week high of $97.25. The firm has a market cap of $8.98 billion, a P/E ratio of 21.54 and a beta of 1.04.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.16. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Tractor Supply had a return on equity of 30.30% and a net margin of 6.57%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 earnings per share. On average, analysts forecast that Tractor Supply Co. will post $3.24 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 30th. Investors of record on Monday, August 15th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, August 11th. Tractor Supply’s dividend payout ratio is currently 30.77%.
Several equities research analysts have recently weighed in on the stock. Oppenheimer Holdings Inc. upped their target price on shares of Tractor Supply from $92.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, June 10th. BTIG Research started coverage on shares of Tractor Supply in a report on Wednesday, June 1st. They set a “buy” rating and a $115.00 price objective on the stock. Zacks Investment Research lowered shares of Tractor Supply from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Royal Bank Of Canada lowered shares of Tractor Supply from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $100.00 to $79.00 in a report on Thursday, September 8th. Finally, Credit Suisse Group AG reissued an “overweight” rating and set a $96.00 price objective (down previously from $100.00) on shares of Tractor Supply in a report on Friday, July 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $91.21.
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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