Tractor Supply Co. (TSCO) Shares Bought by Mount Vernon Associates Inc. MD
Mount Vernon Associates Inc. MD boosted its position in Tractor Supply Co. (NASDAQ:TSCO) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 18,035 shares of the company’s stock after buying an additional 100 shares during the period. Tractor Supply comprises approximately 3.5% of Mount Vernon Associates Inc. MD’s holdings, making the stock its 5th largest position. Mount Vernon Associates Inc. MD’s holdings in Tractor Supply were worth $1,644,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Seven Eight Capital LLC bought a new position in Tractor Supply during the first quarter worth $123,000. Douglass Winthrop Advisors LLC bought a new position in Tractor Supply during the second quarter worth $219,000. Eqis Capital Management Inc. increased its position in Tractor Supply by 7.0% in the second quarter. Eqis Capital Management Inc. now owns 2,602 shares of the company’s stock worth $237,000 after buying an additional 171 shares in the last quarter. First American Bank bought a new position in Tractor Supply during the second quarter worth $246,000. Finally, Kelman Lazarov Inc. increased its position in Tractor Supply by 4.3% in the second quarter. Kelman Lazarov Inc. now owns 2,919 shares of the company’s stock worth $270,000 after buying an additional 119 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.
Tractor Supply Co. (NASDAQ:TSCO) traded down 0.90% during trading on Monday, hitting $67.54. 1,649,744 shares of the company traded hands. The company’s 50 day moving average is $81.88 and its 200-day moving average is $89.46. Tractor Supply Co. has a 52 week low of $67.52 and a 52 week high of $97.25. The stock has a market capitalization of $9.03 billion, a PE ratio of 21.66 and a beta of 1.04.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share for the quarter, meeting the consensus estimate of $1.16. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the firm earned $1.12 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts predict that Tractor Supply Co. will post $3.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 30th. Shareholders of record on Monday, August 15th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.42%. The ex-dividend date was Thursday, August 11th. Tractor Supply’s dividend payout ratio is currently 30.77%.
A number of analysts recently commented on the stock. Piper Jaffray Cos. restated a “buy” rating on shares of Tractor Supply in a research note on Sunday, May 22nd. BTIG Research assumed coverage on shares of Tractor Supply in a research note on Wednesday, June 1st. They set a “buy” rating and a $115.00 price target on the stock. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Tractor Supply in a research note on Tuesday, June 7th. BMO Capital Markets restated a “hold” rating and set a $101.00 price target on shares of Tractor Supply in a research note on Thursday, June 9th. Finally, Guggenheim assumed coverage on shares of Tractor Supply in a research note on Monday, June 13th. They set a “buy” rating and a $110.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. Tractor Supply presently has an average rating of “Hold” and an average price target of $91.21.
About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company operates in the retail sale of products that support the rural lifestyle segment. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.
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