Bright Rock Capital Management LLC maintained its stake in shares of Tractor Supply Company (NASDAQ:TSCO) during the second quarter, Holdings Channel reports. The institutional investor owned 19,500 shares of the specialty retailer’s stock at the end of the second quarter. Bright Rock Capital Management LLC’s holdings in Tractor Supply were worth $1,057,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. UBS Asset Management Americas Inc. increased its stake in shares of Tractor Supply by 0.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 322,496 shares of the specialty retailer’s stock valued at $24,449,000 after buying an additional 2,568 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in shares of Tractor Supply by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 115,209 shares of the specialty retailer’s stock valued at $7,946,000 after buying an additional 3,733 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Tractor Supply by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 40,628 shares of the specialty retailer’s stock valued at $2,802,000 after buying an additional 650 shares during the period. Dynamic Advisors Solutions LLC increased its stake in shares of Tractor Supply by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 100 shares during the period. Finally, Private Trust Co. NA bought a new stake in shares of Tractor Supply during the first quarter valued at approximately $473,000. 91.37% of the stock is owned by institutional investors.

Shares of Tractor Supply Company (NASDAQ:TSCO) opened at 55.49 on Thursday. The company has a 50-day moving average price of $53.42 and a 200 day moving average price of $62.74. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 16.77 and a beta of 1.32. Tractor Supply Company has a one year low of $49.87 and a one year high of $87.10.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by $0.02. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 EPS. Equities research analysts expect that Tractor Supply Company will post $3.25 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, August 17th. Tractor Supply’s payout ratio is 32.53%.

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TSCO has been the topic of a number of recent research reports. J P Morgan Chase & Co cut Tractor Supply from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $88.00 to $67.00 in a report on Wednesday, April 12th. Stephens cut Tractor Supply from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a report on Wednesday, April 12th. Zacks Investment Research cut Tractor Supply from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Barclays PLC set a $90.00 target price on Tractor Supply and gave the stock a “buy” rating in a report on Wednesday, April 12th. Finally, Robert W. Baird set a $80.00 target price on Tractor Supply and gave the stock a “buy” rating in a report on Wednesday, April 12th. Nineteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Tractor Supply currently has an average rating of “Hold” and a consensus price target of $74.91.

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

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