Ingalls & Snyder LLC lowered its position in Tractor Supply Company (NASDAQ:TSCO) by 20.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,338 shares of the specialty retailer’s stock after selling 2,612 shares during the period. Ingalls & Snyder LLC’s holdings in Tractor Supply Company were worth $713,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Elgethun Capital Management bought a new stake in shares of Tractor Supply Company during the fourth quarter valued at about $197,000. Dynamic Advisors Solutions LLC increased its position in Tractor Supply Company by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 100 shares during the period. Virtus Investment Advisers Inc. acquired a new position in Tractor Supply Company during the third quarter valued at $236,000. Genesee Valley Trust Co. acquired a new position in Tractor Supply Company during the first quarter valued at $237,000. Finally, Moody National Bank Trust Division acquired a new position in Tractor Supply Company during the first quarter valued at $253,000. Institutional investors and hedge funds own 92.61% of the company’s stock.
Shares of Tractor Supply Company (NASDAQ TSCO) traded down 0.64% during mid-day trading on Friday, hitting $55.47. The company had a trading volume of 3,242,475 shares. The firm’s 50 day moving average is $57.77 and its 200-day moving average is $68.73. The firm has a market cap of $7.13 billion, a PE ratio of 17.13 and a beta of 1.23. Tractor Supply Company has a 12-month low of $52.85 and a 12-month high of $95.39.
Tractor Supply Company (NASDAQ:TSCO) last announced its earnings results on Wednesday, April 26th. The specialty retailer reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. Tractor Supply Company had a net margin of 6.25% and a return on equity of 29.64%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the firm earned $0.50 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts expect that Tractor Supply Company will post $3.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Monday, May 22nd were issued a dividend of $0.27 per share. The ex-dividend date was Thursday, May 18th. This is a boost from Tractor Supply Company’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 1.95%. Tractor Supply Company’s dividend payout ratio (DPR) is currently 33.44%.
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Several research firms recently weighed in on TSCO. SunTrust Banks, Inc. reiterated a “hold” rating and set a $79.00 target price (down from $80.00) on shares of Tractor Supply Company in a research report on Friday, April 14th. Wedbush dropped their price target on Tractor Supply Company from $83.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, April 28th. Oppenheimer Holdings, Inc. restated an “outperform” rating on shares of Tractor Supply Company in a research note on Thursday, February 23rd. Zacks Investment Research upgraded Tractor Supply Company from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. Finally, Robert W. Baird set a $80.00 price target on Tractor Supply Company and gave the stock a “buy” rating in a research note on Wednesday, April 12th. Eighteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $82.74.
About Tractor Supply Company
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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