Tractor Supply Co. (TSCO) Shares Bought by Westpac Banking Corp
Westpac Banking Corp raised its stake in Tractor Supply Co. (NASDAQ:TSCO) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,160 shares of the company’s stock after buying an additional 1,733 shares during the period. Westpac Banking Corp owned 0.06% of Tractor Supply worth $6,762,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Seven Eight Capital LLC purchased a new position in Tractor Supply during the first quarter worth approximately $123,000. Mizuho Asset Management Co. Ltd. boosted its position in Tractor Supply by 95.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,693 shares of the company’s stock worth $154,000 after buying an additional 826 shares during the last quarter. Turner Investments L.P. purchased a new position in Tractor Supply during the second quarter worth approximately $205,000. Douglass Winthrop Advisors LLC purchased a new position in Tractor Supply during the second quarter worth approximately $219,000. Finally, Eqis Capital Management Inc. boosted 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 during the last quarter. Institutional investors own 91.59% of the company’s stock.
Tractor Supply Co. (NASDAQ:TSCO) traded down 0.2622% during trading on Monday, reaching $67.9713. The company had a trading volume of 185,462 shares. The stock has a 50 day moving average price of $84.44 and a 200 day moving average price of $89.98. The firm has a market capitalization of $9.09 billion, a P/E ratio of 21.7996 and a beta of 1.04. Tractor Supply Co. has a 52 week low of $67.72 and a 52 week high of $97.25.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, meeting the consensus estimate of $1.16. Tractor Supply had a return on equity of 30.30% and a net margin of 6.57%. The firm earned $1.85 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the business posted $1.12 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts predict that Tractor Supply Co. will post $3.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 30th. Stockholders of record on Monday, August 15th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.96 annualized dividend and a dividend yield of 1.41%. Tractor Supply’s dividend payout ratio is presently 30.77%.
A number of research analysts have recently commented on the company. Piper Jaffray Cos. restated an “overweight” rating and issued a $103.00 target price (down previously from $105.00) on shares of Tractor Supply in a research note on Friday, July 1st. Wedbush restated an “outperform” rating and issued a $96.00 target price on shares of Tractor Supply in a research note on Friday, August 12th. Credit Suisse Group AG cut Tractor Supply from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $96.00 to $72.00 in a research note on Thursday, September 8th. Cowen and Company assumed coverage on Tractor Supply in a research note on Thursday, September 8th. They issued an “overweight” rating for the company. Finally, Zacks Investment Research upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $91.21.
Tractor Supply Company Profile
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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