Verition Fund Management LLC grew its position in shares of Tractor Supply (NASDAQ:TSCO) by 30.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,610 shares of the specialty retailer’s stock after buying an additional 850 shares during the period. Verition Fund Management LLC’s holdings in Tractor Supply were worth $393,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of TSCO. CSat Investment Advisory L.P. increased its position in shares of Tractor Supply by 46.4% in the second quarter. CSat Investment Advisory L.P. now owns 429 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 136 shares during the period. Flagship Harbor Advisors LLC increased its position in shares of Tractor Supply by 255.9% in the second quarter. Flagship Harbor Advisors LLC now owns 484 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 348 shares during the period. Coastal Investment Advisors Inc. increased its position in shares of Tractor Supply by 32.3% in the second quarter. Coastal Investment Advisors Inc. now owns 549 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 134 shares during the period. Amica Retiree Medical Trust bought a new position in shares of Tractor Supply in the second quarter worth $61,000. Finally, Ashburton Jersey Ltd bought a new position in shares of Tractor Supply in the second quarter worth $68,000. Hedge funds and other institutional investors own 82.76% of the company’s stock.
A number of research analysts recently commented on TSCO shares. Zacks Investment Research cut Tractor Supply from a “hold” rating to a “sell” rating and set a $93.00 price target on the stock. in a research report on Friday, September 27th. ValuEngine cut Tractor Supply from a “hold” rating to a “sell” rating in a research report on Wednesday. Wells Fargo & Co restated a “buy” rating and issued a $125.00 price target on shares of Tractor Supply in a research report on Thursday, July 25th. Northcoast Research upgraded Tractor Supply from a “neutral” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Wednesday. Finally, Goldman Sachs Group started coverage on Tractor Supply in a research report on Thursday, July 11th. They issued a “buy” rating and a $122.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $107.42.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.01). The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Tractor Supply had a net margin of 6.71% and a return on equity of 36.12%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $1.69 earnings per share. On average, equities analysts predict that Tractor Supply will post 4.74 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.50%. The ex-dividend date was Friday, August 23rd. Tractor Supply’s dividend payout ratio (DPR) is presently 32.48%.
In related news, SVP Chad Michael Frazell sold 17,857 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $110.04, for a total value of $1,964,984.28. Following the sale, the senior vice president now directly owns 31,004 shares of the company’s stock, valued at $3,411,680.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
Tractor Supply Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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