Tractor Supply Company (TSCO) Shares Bought by HL Financial Services LLC
HL Financial Services LLC raised its stake in Tractor Supply Company (NASDAQ:TSCO) by 25.2% during the second quarter, Holdings Channel reports. The fund owned 25,532 shares of the specialty retailer’s stock after buying an additional 5,146 shares during the period. HL Financial Services LLC’s holdings in Tractor Supply were worth $1,384,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its stake 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 buying an additional 91 shares during the last quarter. 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 last quarter. Koch Industries Inc. acquired a new stake in shares of Tractor Supply during the first quarter valued at approximately $216,000. Gofen & Glossberg LLC IL increased its stake 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 buying an additional 200 shares during the last quarter. Finally, Cleararc Capital Inc. increased its stake in shares of Tractor Supply by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock valued at $221,000 after buying an additional 29 shares during the last quarter. 91.37% of the stock is currently owned by institutional investors and hedge funds.
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 firm has a market cap of $7.11 billion, a P/E 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 posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.02. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS. On average, analysts expect that Tractor Supply Company will post $3.25 earnings per share for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.08 annualized dividend and a yield of 1.95%. Tractor Supply’s dividend payout ratio (DPR) is 32.53%.
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Several brokerages recently commented on TSCO. BMO Capital Markets set a $57.00 price objective on Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, July 11th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $79.00 price objective (down previously from $80.00) on shares of Tractor Supply in a research note on Friday, April 14th. Wedbush dropped their price objective on Tractor Supply from $83.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, April 28th. Barclays PLC reaffirmed an “overweight” rating and set a $70.00 price objective (down previously from $90.00) on shares of Tractor Supply in a research note on Saturday, July 22nd. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Tractor Supply in a research note on Thursday, July 27th. Nineteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price 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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