BNP Paribas Arbitrage SA decreased its position in Tractor Supply Company (NASDAQ:TSCO) by 92.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,883 shares of the specialty retailer’s stock after selling 357,365 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Tractor Supply were worth $1,512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSCO. Gamco Investors INC. ET AL boosted its holdings in shares of Tractor Supply by 12.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 112,900 shares of the specialty retailer’s stock worth $6,120,000 after buying an additional 12,900 shares during the last quarter. Allegis Investment Advisors LLC boosted its holdings in shares of Tractor Supply by 1.7% in the 2nd quarter. Allegis Investment Advisors LLC now owns 12,942 shares of the specialty retailer’s stock worth $702,000 after buying an additional 216 shares during the last quarter. Fernwood Investment Management LLC boosted its holdings in shares of Tractor Supply by 13.1% in the 2nd quarter. Fernwood Investment Management LLC now owns 12,260 shares of the specialty retailer’s stock worth $665,000 after buying an additional 1,420 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Tractor Supply by 23.3% in the 2nd quarter. Legal & General Group Plc now owns 645,039 shares of the specialty retailer’s stock worth $34,967,000 after buying an additional 121,922 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its holdings in shares of Tractor Supply by 8.4% in the 2nd quarter. State of Wisconsin Investment Board now owns 333,922 shares of the specialty retailer’s stock worth $18,102,000 after buying an additional 25,830 shares during the last quarter. Hedge funds and other institutional investors own 92.27% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Tractor Supply in a report on Thursday, July 27th. Robert W. Baird set a $62.00 price target on shares of Tractor Supply and gave the stock a “buy” rating in a report on Friday, August 25th. BidaskClub raised shares of Tractor Supply from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Barclays PLC reissued an “overweight” rating and issued a $70.00 price target (down from $90.00) on shares of Tractor Supply in a report on Saturday, July 22nd. Finally, Guggenheim reissued a “buy” rating and issued a $70.00 price target (down from $80.00) on shares of Tractor Supply in a report on Thursday, July 27th. Nineteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Tractor Supply currently has a consensus rating of “Hold” and an average price target of $74.09.

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Shares of Tractor Supply Company (TSCO) opened at 59.54 on Monday. The stock has a 50 day moving average of $55.29 and a 200-day moving average of $60.68. Tractor Supply Company has a one year low of $49.87 and a one year high of $85.09. The stock has a market capitalization of $7.54 billion, a P/E ratio of 17.99 and a beta of 1.30.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the firm earned $1.16 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts forecast that Tractor Supply Company will post $3.25 earnings per share for the current year.

The business also recently disclosed 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 1.81%. Tractor Supply’s payout ratio is currently 32.53%.

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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