Cipher Capital LP raised its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 38.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,956 shares of the specialty retailer’s stock after buying an additional 18,097 shares during the period. Cipher Capital LP owned about 0.05% of Tractor Supply worth $3,521,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Tractor Supply by 2.8% in the first quarter. Vanguard Group Inc. now owns 12,348,781 shares of the specialty retailer’s stock valued at $851,697,000 after buying an additional 341,446 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Tractor Supply by 2,934.4% in the first quarter. BlackRock Inc. now owns 7,835,590 shares of the specialty retailer’s stock valued at $540,419,000 after buying an additional 7,577,362 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Tractor Supply by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 6,386,058 shares of the specialty retailer’s stock valued at $440,447,000 after buying an additional 425,355 shares during the last quarter. State Street Corp boosted its stake in shares of Tractor Supply by 4.2% in the first quarter. State Street Corp now owns 5,695,059 shares of the specialty retailer’s stock valued at $392,790,000 after buying an additional 230,443 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in shares of Tractor Supply by 8.6% in the first quarter. William Blair Investment Management LLC now owns 4,098,428 shares of the specialty retailer’s stock valued at $282,669,000 after buying an additional 326,235 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

Tractor Supply Company (NASDAQ:TSCO) opened at 59.54 on Friday. Tractor Supply Company has a 52-week low of $49.87 and a 52-week high of $84.64. The firm has a market capitalization of $7.54 billion, a P/E ratio of 17.99 and a beta of 1.29. The company has a 50 day moving average price of $55.29 and a 200 day moving average price of $60.68.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by $0.02. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the firm earned $1.16 earnings per share. Tractor Supply’s revenue was up 8.9% on a year-over-year basis. On average, equities analysts forecast that Tractor Supply Company will post $3.25 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.08 dividend on an annualized basis and a yield of 1.81%. Tractor Supply’s dividend payout ratio (DPR) is presently 32.53%.

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TSCO has been the topic of several analyst reports. BidaskClub cut Tractor Supply from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Telsey Advisory Group cut their target price on Tractor Supply from $83.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, July 6th. BMO Capital Markets set a $57.00 target price on Tractor Supply and gave the company a “hold” rating in a research note on Tuesday, July 11th. Barclays PLC reaffirmed an “overweight” rating and set a $70.00 target price (down previously from $90.00) on shares of Tractor Supply in a research note on Saturday, July 22nd. Finally, Piper Jaffray Companies set a $55.00 target price on Tractor Supply and gave the company a “hold” rating in a research note on Tuesday, July 25th. Nineteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $74.09.

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.

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

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