Sumitomo Mitsui Asset Management Company LTD decreased its position in Tractor Supply Company (NASDAQ:TSCO) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 11,215 shares of the specialty retailer’s stock after selling 47 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Tractor Supply were worth $607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Asset Management Americas Inc. raised 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. raised 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 raised 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 raised 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 purchased a new stake in shares of Tractor Supply during the first quarter valued at $473,000. Institutional investors 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 price is $53.42 and its 200 day moving average price is $62.74. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 16.77 and a beta of 1.32. Tractor Supply Company has a 52-week low of $49.87 and a 52-week high of $87.10.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the business earned $1.16 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities analysts predict that Tractor Supply Company will post $3.25 earnings per share for the current fiscal year.

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

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Several analysts have recently weighed in on TSCO shares. TheStreet lowered Tractor Supply from a “b” rating to a “c+” rating in a report on Wednesday, April 12th. Wedbush cut their price objective on Tractor Supply from $83.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, April 28th. Zacks Investment Research upgraded Tractor Supply from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. CIBC lowered Tractor Supply from an “outperform” rating to a “market perform” rating in a report on Thursday, May 4th. Finally, Oppenheimer Holdings, Inc. set a $88.00 price objective on Tractor Supply and gave the company a “buy” rating in a report on Thursday, April 27th. Nineteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company 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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