Tractor Supply Company (TSCO) Position Held by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. continued to hold its stake in Tractor Supply Company (NASDAQ:TSCO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,600 shares of the specialty retailer’s stock at the end of the 2nd quarter. Robeco Institutional Asset Management B.V.’s holdings in Tractor Supply were worth $195,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Clearbridge Investments LLC increased its position in Tractor Supply by 218.8% in the 1st quarter. Clearbridge Investments LLC now owns 666,329 shares of the specialty retailer’s stock valued at $45,957,000 after buying an additional 457,348 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Tractor Supply by 2.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 419,568 shares of the specialty retailer’s stock valued at $28,938,000 after buying an additional 9,351 shares in the last quarter. Clean Yield Group increased its position in Tractor Supply by 285.5% in the 2nd quarter. Clean Yield Group now owns 37,587 shares of the specialty retailer’s stock valued at $1,937,000 after buying an additional 27,838 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Tractor Supply in the 1st quarter valued at about $1,655,000. Finally, Bank of Nova Scotia increased its position in Tractor Supply by 925.9% in the 1st quarter. Bank of Nova Scotia now owns 29,986 shares of the specialty retailer’s stock valued at $2,068,000 after buying an additional 27,063 shares in the last quarter. 92.27% of the stock is owned by institutional investors and hedge funds.

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Tractor Supply Company (NASDAQ:TSCO) opened at 60.31 on Monday. Tractor Supply Company has a 12-month low of $49.87 and a 12-month high of $78.25. The company has a market capitalization of $7.64 billion, a price-to-earnings ratio of 18.23 and a beta of 1.30. The stock has a 50 day moving average price of $56.34 and a 200 day moving average price of $60.34.

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 the Thomson Reuters’ consensus estimate of $1.27 by $0.02. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. Tractor Supply’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $1.16 EPS. On average, analysts expect that Tractor Supply Company will post $3.25 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Monday, August 21st were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, August 17th. Tractor Supply’s dividend payout ratio (DPR) is currently 32.53%.

A number of brokerages recently commented on TSCO. Robert W. Baird set a $62.00 target price on Tractor Supply and gave the company a “buy” rating in a research report on Friday, August 25th. Bank of America Corporation reaffirmed a “buy” rating and issued a $69.00 target price on shares of Tractor Supply in a research report on Tuesday, September 5th. Credit Suisse Group set a $54.00 target price on Tractor Supply and gave the company a “hold” rating in a research report on Thursday, July 27th. Guggenheim reaffirmed a “buy” rating and issued a $70.00 target price (down from $80.00) on shares of Tractor Supply in a research report on Thursday, July 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $54.00 target price (down from $69.00) on shares of Tractor Supply in a research report on Thursday, July 27th. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Tractor Supply currently has an average rating of “Hold” and a consensus target price of $71.38.

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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Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

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