Capital Investment Services of America Inc. lowered its position in Tractor Supply Co. (NASDAQ:TSCO) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,032 shares of the company’s stock after selling 2,025 shares during the period. Capital Investment Services of America Inc. owned 0.09% of Tractor Supply worth $8,488,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. William Blair Investment Management LLC raised its position in shares of Tractor Supply by 54.3% in the second quarter. William Blair Investment Management LLC now owns 2,150,617 shares of the company’s stock worth $196,093,000 after buying an additional 756,716 shares during the period. Alliancebernstein L.P. raised its position in Tractor Supply by 58.8% in the second quarter. Alliancebernstein L.P. now owns 1,980,756 shares of the company’s stock worth $180,605,000 after buying an additional 733,533 shares during the period. Schroder Investment Management Group raised its position in Tractor Supply by 617.1% in the second quarter. Schroder Investment Management Group now owns 680,963 shares of the company’s stock worth $62,090,000 after buying an additional 586,008 shares during the period. Emerald Acquisition Ltd. purchased a new position in Tractor Supply during the second quarter worth $48,979,000. Finally, Bank of Montreal Can purchased a new position in Tractor Supply during the second quarter worth $47,125,000. 89.37% of the stock is currently owned by institutional investors.

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

Shares of Tractor Supply Co. (NASDAQ:TSCO) traded down 0.34% during mid-day trading on Friday, hitting $72.91. The stock had a trading volume of 1,669,758 shares. The company has a 50-day moving average of $66.85 and a 200 day moving average of $82.45. Tractor Supply Co. has a one year low of $61.50 and a one year high of $97.25. The firm has a market cap of $9.73 billion, a price-to-earnings ratio of 23.14 and a beta of 1.23.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, October 19th. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Tractor Supply had a return on equity of 29.78% and a net margin of 6.53%. The business earned $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the business posted $0.64 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that Tractor Supply Co. will post $3.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 29th. Investors of record on Monday, November 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, November 9th. This represents a $0.96 annualized dividend and a yield of 1.32%. Tractor Supply’s dividend payout ratio is currently 30.48%.

TSCO has been the topic of a number of analyst reports. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of Tractor Supply in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Morgan Stanley reiterated a “hold” rating and issued a $95.00 price objective on shares of Tractor Supply in a research report on Tuesday, September 6th. Barclays PLC reiterated an “overweight” rating and issued a $90.00 price objective on shares of Tractor Supply in a research report on Friday, September 30th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $73.00 price objective (down from $77.00) on shares of Tractor Supply in a research report on Saturday, October 22nd. Fourteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $85.95.

In related news, Director Mark J. Weikel bought 1,000 shares of Tractor Supply stock in a transaction dated Thursday, November 3rd. The stock was acquired at an average cost of $66.14 per share, with a total value of $66,140.00. Following the completion of the acquisition, the director now directly owns 5,627 shares in the company, valued at approximately $372,169.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

About Tractor Supply

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company operates in the retail sale of products that support the rural lifestyle segment. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.

5 Day Chart for NASDAQ:TSCO

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