Tractor Supply (NASDAQ:TSCO) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its holdings in Tractor Supply (NASDAQ:TSCO) by 7.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 81,292 shares of the specialty retailer’s stock after selling 6,778 shares during the period. US Bancorp DE owned 0.07% of Tractor Supply worth $8,845,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Securian Asset Management Inc lifted its holdings in shares of Tractor Supply by 0.9% during the 2nd quarter. Securian Asset Management Inc now owns 12,607 shares of the specialty retailer’s stock worth $1,372,000 after acquiring an additional 109 shares during the period. D.B. Root & Company LLC grew its position in shares of Tractor Supply by 2.2% during the second quarter. D.B. Root & Company LLC now owns 5,138 shares of the specialty retailer’s stock worth $559,000 after buying an additional 112 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Tractor Supply by 0.7% during the second quarter. Nisa Investment Advisors LLC now owns 16,665 shares of the specialty retailer’s stock worth $1,813,000 after buying an additional 115 shares in the last quarter. Coastal Investment Advisors Inc. grew its position in shares of Tractor Supply by 32.3% during the second quarter. Coastal Investment Advisors Inc. now owns 549 shares of the specialty retailer’s stock worth $58,000 after buying an additional 134 shares in the last quarter. Finally, Advisor Group Inc. grew its position in shares of Tractor Supply by 0.5% during the first quarter. Advisor Group Inc. now owns 30,946 shares of the specialty retailer’s stock worth $3,028,000 after buying an additional 164 shares in the last quarter. 82.76% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ TSCO traded up $1.06 during trading on Tuesday, reaching $96.72. 295,412 shares of the company’s stock were exchanged, compared to its average volume of 1,302,792. Tractor Supply has a fifty-two week low of $78.67 and a fifty-two week high of $114.25. The firm has a market capitalization of $11.58 billion, a PE ratio of 22.44, a P/E/G ratio of 1.82 and a beta of 1.10. The company has a current ratio of 1.52, a quick ratio of 0.16 and a debt-to-equity ratio of 1.57. The company’s fifty day simple moving average is $102.90 and its 200-day simple moving average is $102.67.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.81 by ($0.01). Tractor Supply had a net margin of 6.71% and a return on equity of 36.12%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the firm earned $1.69 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts forecast that Tractor Supply will post 4.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Friday, August 23rd. Tractor Supply’s dividend payout ratio is presently 32.48%.

A number of research firms have recently weighed in on TSCO. Royal Bank of Canada set a $123.00 price target on shares of Tractor Supply and gave the stock a “buy” rating in a research report on Friday, July 26th. BidaskClub cut Tractor Supply from a “buy” rating to a “hold” rating in a research note on Saturday. Northcoast Research cut Tractor Supply from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 3rd. Morgan Stanley raised their price objective on Tractor Supply from $112.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Finally, Piper Jaffray Companies raised their price objective on Tractor Supply from $114.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $107.53.

In other Tractor Supply news, SVP Chad Michael Frazell sold 17,857 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now 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 SEC, which is available through the SEC website. Also, SVP John P. Ordus sold 10,968 shares of the business’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $104.09, for a total value of $1,141,659.12. Following the completion of the transaction, the senior vice president now directly owns 21,000 shares in the company, valued at approximately $2,185,890. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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

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