APG Asset Management N.V. held its position in Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 196,381 shares of the specialty retailer’s stock at the end of the second quarter. APG Asset Management N.V. owned about 0.15% of Tractor Supply worth $10,646,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of TSCO. Bronfman E.L. Rothschild L.P. increased its position in Tractor Supply by 3.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock worth $172,000 after buying an additional 91 shares in the last quarter. Dynamic Advisors Solutions LLC increased its position in shares of Tractor Supply by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the specialty retailer’s stock worth $211,000 after buying an additional 100 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of Tractor Supply during the first quarter worth approximately $216,000. Gofen & Glossberg LLC IL increased its position in shares of Tractor Supply by 6.7% in the first quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock worth $218,000 after buying an additional 200 shares in the last quarter. Finally, Cleararc Capital Inc. increased its position in shares of Tractor Supply by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock worth $221,000 after buying an additional 29 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.
Tractor Supply Company (TSCO) opened at 54.70 on Friday. The stock has a market capitalization of $6.93 billion, a P/E ratio of 16.53 and a beta of 1.32. The stock has a 50 day moving average of $53.58 and a 200 day moving average of $61.77. Tractor Supply Company has a 52-week low of $49.87 and a 52-week high of $86.25.
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. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share. On average, equities research analysts forecast that Tractor Supply Company will post $3.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be paid 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 yield of 1.97%. Tractor Supply’s payout ratio is 32.53%.
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TSCO has been the topic of a number of research reports. BMO Capital Markets set a $57.00 target price on shares of Tractor Supply and gave the company a “hold” rating in a research note on Tuesday, July 11th. Deutsche Bank AG reissued a “hold” rating and issued a $54.00 target price (down previously from $69.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Telsey Advisory Group cut their target price on shares of Tractor Supply from $83.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, July 6th. Credit Suisse Group set a $54.00 target price on shares of Tractor Supply and gave the company a “hold” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. Nineteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $74.91.
About Tractor Supply
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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