United Fire Group Inc. held its position in shares of Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,000 shares of the specialty retailer’s stock at the end of the second quarter. United Fire Group Inc.’s holdings in Tractor Supply were worth $434,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Tractor Supply by 25.4% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,461 shares of the specialty retailer’s stock valued at $1,434,000 after buying an additional 5,356 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Tractor Supply by 7.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 449,218 shares of the specialty retailer’s stock valued at $24,353,000 after buying an additional 29,650 shares in the last quarter. HL Financial Services LLC increased its stake in shares of Tractor Supply by 25.2% in the second quarter. HL Financial Services LLC now owns 25,532 shares of the specialty retailer’s stock valued at $1,384,000 after buying an additional 5,146 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Tractor Supply by 17.6% in the second quarter. Pictet Asset Management Ltd. now owns 216,783 shares of the specialty retailer’s stock valued at $11,956,000 after buying an additional 32,366 shares in the last quarter. Finally, Honeywell International Inc. bought a new stake in shares of Tractor Supply during the second quarter valued at about $21,576,000. 91.37% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Company (TSCO) opened at 53.19 on Friday. The company has a market cap of $6.82 billion, a PE ratio of 16.07 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. The firm has a 50-day moving average of $53.43 and a 200-day moving average of $62.67.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.02. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. Tractor Supply’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.16 earnings per share. On average, analysts predict that Tractor Supply Company will post $3.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st will be given 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 dividend yield of 2.03%. Tractor Supply’s payout ratio is 32.53%.

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TSCO has been the subject of several recent research reports. Piper Jaffray Companies set a $55.00 price target on Tractor Supply and gave the company a “hold” rating in a report on Tuesday, July 25th. UBS AG downgraded Tractor Supply from an “outperform” rating to a “market perform” rating in a report on Thursday, May 4th. BidaskClub upgraded Tractor Supply from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. BMO Capital Markets increased their price target on Tractor Supply from $57.00 to $58.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Finally, Guggenheim reiterated a “buy” rating and issued a $85.00 price target on shares of Tractor Supply in a report on Friday, April 14th. Nineteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus 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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