Bbva Compass Bancshares Inc. Has $260,000 Stake in Tractor Supply Company (TSCO)
Bbva Compass Bancshares Inc. lowered its stake in Tractor Supply Company (NASDAQ:TSCO) by 20.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,800 shares of the specialty retailer’s stock after selling 1,203 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Tractor Supply were worth $260,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Clearbridge Investments LLC raised its stake in Tractor Supply by 218.8% in the first quarter. Clearbridge Investments LLC now owns 666,329 shares of the specialty retailer’s stock valued at $45,957,000 after buying an additional 457,348 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Tractor Supply by 2.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 419,568 shares of the specialty retailer’s stock valued at $28,938,000 after buying an additional 9,351 shares in the last quarter. Clean Yield Group raised its stake in Tractor Supply by 285.5% in the second quarter. Clean Yield Group now owns 37,587 shares of the specialty retailer’s stock valued at $1,937,000 after buying an additional 27,838 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Tractor Supply during the first quarter valued at about $1,655,000. Finally, Engineers Gate Manager LP raised its stake in Tractor Supply by 276.8% in the first quarter. Engineers Gate Manager LP now owns 60,810 shares of the specialty retailer’s stock valued at $4,194,000 after buying an additional 44,673 shares in the last quarter. Institutional investors and hedge funds own 91.37% of the company’s stock.
Tractor Supply Company (NASDAQ:TSCO) opened at 55.49 on Thursday. The company’s 50-day moving average is $53.42 and its 200-day moving average is $62.74. Tractor Supply Company has a 52 week low of $49.87 and a 52 week high of $87.10. The company has a market cap of $7.11 billion, a P/E ratio of 16.77 and a beta of 1.32.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.27 by $0.02. Tractor Supply had a net margin of 7.96% and a return on equity of 46.66%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts anticipate that Tractor Supply Company will post $3.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, August 17th. This represents a $1.08 dividend on an annualized basis and a yield of 1.95%. Tractor Supply’s dividend payout ratio is currently 32.53%.
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Several analysts recently issued reports on TSCO shares. TheStreet lowered shares of Tractor Supply from a “b” rating to a “c+” rating in a research report on Wednesday, April 12th. Robert W. Baird set a $80.00 target price on shares of Tractor Supply and gave the company a “buy” rating in a research report on Wednesday, April 12th. BMO Capital Markets set a $57.00 target price on shares of Tractor Supply and gave the company a “hold” rating in a research report on Tuesday, July 11th. Guggenheim cut their target price on shares of Tractor Supply from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Monday, April 17th. Finally, 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 research report on Thursday, July 27th. Nineteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $74.91.
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.
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