Schwab Charles Investment Management Inc. Has $24.35 Million Holdings in Tractor Supply Company (TSCO)
Schwab Charles Investment Management Inc. raised its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 7.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 449,218 shares of the specialty retailer’s stock after buying an additional 29,650 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.35% of Tractor Supply worth $24,353,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. lifted its stake in Tractor Supply by 3.8% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock valued at $172,000 after buying an additional 91 shares in the last quarter. Koch Industries Inc. purchased a new stake in Tractor Supply during the first quarter valued at about $216,000. Gofen & Glossberg LLC IL lifted its stake in Tractor Supply by 6.7% during the first quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock valued at $218,000 after buying an additional 200 shares in the last quarter. Cleararc Capital Inc. lifted its stake in Tractor Supply by 0.9% during the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock valued at $221,000 after buying an additional 29 shares in the last quarter. Finally, Regent Investment Management LLC lifted its stake in Tractor Supply by 8.0% during the second quarter. Regent Investment Management LLC now owns 4,070 shares of the specialty retailer’s stock valued at $221,000 after buying an additional 300 shares in the last quarter. 92.27% of the stock is owned by institutional investors.
A number of research firms have commented on TSCO. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Tractor Supply in a research note on Thursday, July 27th. Robert W. Baird set a $62.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a research note on Friday, August 25th. Credit Suisse Group reaffirmed a “hold” rating and set a $54.00 price objective on shares of Tractor Supply in a research note on Wednesday. BMO Capital Markets upped their price objective on shares of Tractor Supply from $57.00 to $58.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Finally, BidaskClub raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and an average target price of $71.38.
Tractor Supply Company (TSCO) opened at 63.16 on Friday. Tractor Supply Company has a 12-month low of $49.87 and a 12-month high of $78.25. The company has a 50-day moving average price of $57.54 and a 200-day moving average price of $59.99. The firm has a market cap of $8.00 billion, a P/E ratio of 19.09 and a beta of 1.30.
Tractor Supply (NASDAQ:TSCO) last released its earnings results 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). The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 EPS. On average, analysts predict that Tractor Supply Company will post $3.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.71%. The ex-dividend date was Thursday, August 17th. Tractor Supply’s payout ratio is 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.
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