Cim LLC trimmed its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 0.9% in the first quarter, HoldingsChannel reports. The firm owned 131,075 shares of the specialty retailer’s stock after selling 1,187 shares during the period. Tractor Supply makes up 4.7% of Cim LLC’s portfolio, making the stock its 5th biggest position. Cim LLC’s holdings in Tractor Supply were worth $12,814,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Hammer Asset Management LLC raised its stake in shares of Tractor Supply by 0.3% in the 1st quarter. Hammer Asset Management LLC now owns 45,735 shares of the specialty retailer’s stock valued at $4,471,000 after purchasing an additional 121 shares during the period. Huntington National Bank increased its position in shares of Tractor Supply by 2.6% in the fourth quarter. Huntington National Bank now owns 5,219 shares of the specialty retailer’s stock valued at $435,000 after acquiring an additional 134 shares during the last quarter. Valley National Advisers Inc. increased its position in shares of Tractor Supply by 1.5% in the fourth quarter. Valley National Advisers Inc. now owns 10,008 shares of the specialty retailer’s stock valued at $835,000 after acquiring an additional 149 shares during the last quarter. Resources Management Corp CT ADV increased its position in shares of Tractor Supply by 2.3% in the fourth quarter. Resources Management Corp CT ADV now owns 7,750 shares of the specialty retailer’s stock valued at $646,000 after acquiring an additional 175 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of Tractor Supply by 3.8% in the fourth quarter. LS Investment Advisors LLC now owns 4,929 shares of the specialty retailer’s stock valued at $411,000 after acquiring an additional 181 shares during the last quarter. 83.54% of the stock is owned by hedge funds and other institutional investors.
In other Tractor Supply news, EVP Benjamin F. Parrish, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $99.05, for a total transaction of $198,100.00. Following the completion of the transaction, the executive vice president now directly owns 26,549 shares in the company, valued at $2,629,678.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Benjamin F. Parrish, Jr. sold 37,596 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $99.00, for a total transaction of $3,722,004.00. Following the transaction, the executive vice president now owns 26,549 shares of the company’s stock, valued at $2,628,351. The disclosure for this sale can be found here. Over the last quarter, insiders sold 379,236 shares of company stock valued at $38,304,166. 1.50% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:TSCO traded down $2.01 during trading on Wednesday, reaching $98.65. 486,951 shares of the stock were exchanged, compared to its average volume of 1,376,849. Tractor Supply has a 12 month low of $70.15 and a 12 month high of $107.98. The stock has a market cap of $11.96 billion, a PE ratio of 22.89, a P/E/G ratio of 1.84 and a beta of 1.11. The company has a quick ratio of 0.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.43.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. Tractor Supply had a return on equity of 36.16% and a net margin of 6.68%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Equities research analysts expect that Tractor Supply will post 4.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be paid a $0.35 dividend. This is a boost from Tractor Supply’s previous quarterly dividend of $0.31. This represents a $1.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, May 24th. Tractor Supply’s payout ratio is 28.77%.
Tractor Supply Company 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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