Lincluden Management Ltd. trimmed its position in shares of Tractor Supply (NASDAQ:TSCO) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,620 shares of the specialty retailer’s stock after selling 160 shares during the quarter. Lincluden Management Ltd.’s holdings in Tractor Supply were worth $1,976,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Select Equity Group L.P. lifted its stake in shares of Tractor Supply by 1.6% in the first quarter. Select Equity Group L.P. now owns 3,559,706 shares of the specialty retailer’s stock worth $630,353,000 after acquiring an additional 54,372 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Tractor Supply by 156,985.0% in the first quarter. Clearbridge Investments LLC now owns 3,141,699 shares of the specialty retailer’s stock worth $556,332,000 after acquiring an additional 3,139,699 shares during the period. Geode Capital Management LLC lifted its stake in shares of Tractor Supply by 2.5% in the first quarter. Geode Capital Management LLC now owns 2,036,378 shares of the specialty retailer’s stock worth $359,667,000 after acquiring an additional 49,122 shares during the period. Maj Invest Holding A S increased its holdings in Tractor Supply by 1.2% in the second quarter. Maj Invest Holding A S now owns 1,774,695 shares of the specialty retailer’s stock worth $330,199,000 after purchasing an additional 21,819 shares in the last quarter. Finally, Amundi Asset Management US Inc. increased its holdings in Tractor Supply by 54.1% in the first quarter. Amundi Asset Management US Inc. now owns 1,230,204 shares of the specialty retailer’s stock worth $217,937,000 after purchasing an additional 431,951 shares in the last quarter. 86.68% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the company. Telsey Advisory Group boosted their price objective on Tractor Supply from $205.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, July 16th. Northcoast Research upgraded Tractor Supply from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a report on Thursday, July 1st. Credit Suisse Group boosted their price objective on Tractor Supply from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday, July 20th. Piper Sandler boosted their price objective on Tractor Supply from $210.00 to $218.00 and gave the company an “overweight” rating in a report on Thursday, July 15th. Finally, Benchmark initiated coverage on Tractor Supply in a report on Tuesday, August 3rd. They set a “buy” rating and a $219.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tractor Supply presently has an average rating of “Buy” and a consensus price target of $193.73.
Shares of Tractor Supply stock traded up $0.20 on Monday, reaching $210.92. The stock had a trading volume of 4,222 shares, compared to its average volume of 1,056,993. The business’s 50 day moving average is $194.31 and its two-hundred day moving average is $186.32. The company has a market cap of $24.12 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 2.66 and a beta of 1.03. Tractor Supply has a 1 year low of $127.78 and a 1 year high of $213.68. The company has a current ratio of 1.71, a quick ratio of 0.76 and a debt-to-equity ratio of 0.51.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Sunday, July 18th. The specialty retailer reported $3.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.94 by $0.25. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.48 billion. Tractor Supply had a net margin of 7.39% and a return on equity of 49.01%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm earned $2.90 EPS. On average, equities analysts anticipate that Tractor Supply will post 7.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 8th. Investors of record on Monday, August 23rd were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, August 20th. Tractor Supply’s payout ratio is 30.28%.
About Tractor Supply
Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.
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