Formidable Asset Management LLC increased its stake in Tractor Supply Company (NASDAQ:TSCO) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,429 shares of the specialty retailer’s stock after purchasing an additional 341 shares during the quarter. Formidable Asset Management LLC’s holdings in Tractor Supply were worth $1,053,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Cleararc Capital Inc. boosted its holdings in Tractor Supply by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock worth $221,000 after purchasing an additional 29 shares during the last quarter. New Amsterdam Partners LLC NY boosted its holdings in Tractor Supply by 0.7% in the second quarter. New Amsterdam Partners LLC NY now owns 6,893 shares of the specialty retailer’s stock worth $374,000 after purchasing an additional 50 shares during the last quarter. Fernwood Investment Management LLC boosted its holdings in Tractor Supply by 0.6% in the first quarter. Fernwood Investment Management LLC now owns 10,840 shares of the specialty retailer’s stock worth $748,000 after purchasing an additional 70 shares during the last quarter. Mount Vernon Associates Inc. MD boosted its holdings in Tractor Supply by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 17,380 shares of the specialty retailer’s stock worth $942,000 after purchasing an additional 75 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in 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 worth $172,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 92.27% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Tractor Supply in a report on Thursday, July 27th. Robert W. Baird set a $62.00 target price on shares of Tractor Supply and gave the stock a “buy” rating in a report on Friday, August 25th. BidaskClub upgraded shares of Tractor Supply from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Barclays PLC restated an “overweight” rating and issued a $70.00 target price (down previously from $90.00) on shares of Tractor Supply in a report on Saturday, July 22nd. Finally, Guggenheim restated a “buy” rating and issued a $70.00 target price (down previously from $80.00) on shares of Tractor Supply in a report on Thursday, July 27th. Sixteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Tractor Supply presently has a consensus rating of “Hold” and a consensus price target of $71.38.

Shares of Tractor Supply Company (NASDAQ TSCO) traded up 0.34% during mid-day trading on Friday, hitting $62.71. 523,897 shares of the stock traded hands. The firm has a 50 day moving average of $57.38 and a 200 day moving average of $60.05. Tractor Supply Company has a 12 month low of $49.87 and a 12 month high of $78.25. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 18.95 and a beta of 1.30. Tractor Supply also was the target of some unusual options trading activity on Tuesday. Traders bought 1,064 put options on the stock. This is an increase of approximately 787% compared to the average daily volume of 120 put options.

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). Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the business posted $1.16 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities analysts expect that Tractor Supply Company will post $3.25 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Thursday, August 17th. Tractor Supply’s payout ratio is 32.53%.

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Tractor Supply 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.

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

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