Pacer Advisors Inc. grew its holdings in shares of Tractor Supply (NASDAQ:TSCO) by 10.6% in the 2nd quarter, Holdings Channel reports. The fund owned 11,619 shares of the specialty retailer’s stock after acquiring an additional 1,109 shares during the period. Pacer Advisors Inc.’s holdings in Tractor Supply were worth $1,264,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Icon Wealth Partners LLC acquired a new stake in shares of Tractor Supply during the first quarter valued at about $27,000. Flagship Harbor Advisors LLC grew its stake in 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 in the last quarter. Trustcore Financial Services LLC acquired a new position in Tractor Supply in the first quarter worth about $53,000. Manchester Capital Management LLC grew its stake in Tractor Supply by 54.8% in the first quarter. Manchester Capital Management LLC now owns 565 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 200 shares in the last quarter. Finally, Coastal Investment Advisors Inc. grew its stake in 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 in the last quarter. Institutional investors own 82.96% of the company’s stock.
A number of research firms recently commented on TSCO. ValuEngine downgraded Tractor Supply from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BidaskClub upgraded Tractor Supply from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Northcoast Research downgraded Tractor Supply from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 3rd. Goldman Sachs Group began coverage on Tractor Supply in a research note on Thursday, July 11th. They issued a “buy” rating and a $122.00 price target for the company. Finally, Royal Bank of Canada set a $123.00 price target on Tractor Supply and gave the stock a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Tractor Supply presently has an average rating of “Hold” and a consensus price target of $107.53.
TSCO stock traded down $0.26 during midday trading on Friday, reaching $99.08. The company had a trading volume of 328,746 shares, compared to its average volume of 1,220,864. The company has a quick ratio of 0.16, a current ratio of 1.52 and a debt-to-equity ratio of 1.57. The stock has a 50 day moving average price of $104.02 and a 200 day moving average price of $102.64. 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 $12.69 billion, a PE ratio of 22.99, a P/E/G ratio of 1.99 and a beta of 1.10.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $1.80 EPS for the quarter, missing the Zacks’ 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 company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the firm earned $1.69 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. Research analysts predict that Tractor Supply will post 4.75 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.41%. Tractor Supply’s payout ratio is currently 32.48%.
In other news, SVP Chad Michael Frazell sold 17,857 shares of Tractor Supply stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $110.04, for a total transaction of $1,964,984.28. Following the sale, 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 filing with the SEC, which is accessible through this link. Also, SVP John P. Ordus sold 10,968 shares of Tractor Supply stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $104.09, for a total value of $1,141,659.12. Following the sale, 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. Over the last 90 days, insiders sold 64,933 shares of company stock valued at $6,865,486. 1.50% of the stock is currently owned by insiders.
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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