Canada Pension Plan Investment Board Has $1.23 Million Position in Tractor Supply Company (TSCO)
Canada Pension Plan Investment Board lowered its position in shares of Tractor Supply Company (NASDAQ:TSCO) by 43.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,716 shares of the specialty retailer’s stock after selling 17,104 shares during the period. Canada Pension Plan Investment Board’s holdings in Tractor Supply were worth $1,231,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. boosted its stake in Tractor Supply by 3.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock worth $172,000 after buying an additional 91 shares during the last quarter. Koch Industries Inc. purchased a new stake in Tractor Supply during the first quarter worth approximately $216,000. Gofen & Glossberg LLC IL boosted its stake in Tractor Supply by 6.7% in the first quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock worth $218,000 after buying an additional 200 shares during the last quarter. Cleararc Capital Inc. boosted its stake in Tractor Supply by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock worth $221,000 after buying an additional 29 shares during the last quarter. Finally, Comerica Securities Inc. purchased a new stake in Tractor Supply during the first quarter worth approximately $230,000. 92.26% of the stock is owned by institutional investors and hedge funds.
Tractor Supply Company (NASDAQ:TSCO) opened at 58.96 on Tuesday. The stock has a market cap of $7.47 billion, a PE ratio of 17.82 and a beta of 1.32. The stock’s 50 day moving average is $54.08 and its 200 day moving average is $61.19. Tractor Supply Company has a 52 week low of $49.87 and a 52 week high of $86.25.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by $0.02. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 earnings per share. Analysts predict that Tractor Supply Company will post $3.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.08 annualized dividend and a yield of 1.83%. Tractor Supply’s dividend payout ratio is currently 32.53%.
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TSCO has been the topic of a number of recent analyst reports. CIBC cut shares of Tractor Supply from an “outperform” rating to a “market perform” rating in a report on Thursday, May 4th. Barclays PLC reiterated an “overweight” rating and set a $70.00 price target (down previously from $90.00) on shares of Tractor Supply in a report on Saturday, July 22nd. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Tractor Supply in a report on Thursday, May 4th. Guggenheim reiterated a “buy” rating and set a $70.00 price target (down previously from $80.00) on shares of Tractor Supply in a report on Thursday, July 27th. Finally, Piper Jaffray Companies set a $55.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a report on Tuesday, July 25th. Nineteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Tractor Supply presently has a consensus rating of “Hold” and a consensus target price of $74.09.
Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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