Virtu KCG Holdings LLC Sells 7,626 Shares of Tractor Supply Company (TSCO)
Virtu KCG Holdings LLC reduced its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 23.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,301 shares of the specialty retailer’s stock after selling 7,626 shares during the period. Virtu KCG Holdings LLC’s holdings in Tractor Supply were worth $1,317,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clearbridge Investments LLC lifted its position in shares of Tractor Supply by 218.8% during the first quarter. Clearbridge Investments LLC now owns 666,329 shares of the specialty retailer’s stock worth $45,957,000 after purchasing an additional 457,348 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Tractor Supply by 2.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 419,568 shares of the specialty retailer’s stock worth $28,938,000 after purchasing an additional 9,351 shares in the last quarter. Clean Yield Group lifted its position in shares of Tractor Supply by 285.5% during the second quarter. Clean Yield Group now owns 37,587 shares of the specialty retailer’s stock worth $1,937,000 after purchasing an additional 27,838 shares in the last quarter. Andra AP fonden lifted its position in shares of Tractor Supply by 88.8% during the second quarter. Andra AP fonden now owns 18,500 shares of the specialty retailer’s stock worth $1,003,000 after purchasing an additional 8,700 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Tractor Supply during the first quarter worth $1,655,000. 91.99% of the stock is currently owned by institutional investors and hedge funds.
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Tractor Supply Company (NASDAQ:TSCO) opened at 63.29 on Friday. The stock’s 50 day moving average is $57.82 and its 200 day moving average is $59.67. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 19.13 and a beta of 1.30. Tractor Supply Company has a 52-week low of $49.87 and a 52-week high of $78.25.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the 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 return on equity of 30.56% and a net margin of 6.16%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $1.16 earnings per share. On average, analysts predict that Tractor Supply Company will post $3.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. Tractor Supply’s payout ratio is presently 32.53%.
A number of research firms have recently commented on TSCO. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Tractor Supply in a research 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 research report on Friday, August 25th. BidaskClub raised shares of Tractor Supply from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Barclays PLC reissued an “overweight” rating and set a $70.00 target price (down from $90.00) on shares of Tractor Supply in a research report on Saturday, July 22nd. Finally, Guggenheim reaffirmed 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. Sixteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $71.52.
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.
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