CIBC Asset Management Inc increased its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 2.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 17,280 shares of the specialty retailer’s stock after buying an additional 394 shares during the period. CIBC Asset Management Inc’s holdings in Tractor Supply were worth $937,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TSCO. Rothschild Asset Management Inc. boosted its position in shares of Tractor Supply by 51.4% in the second quarter. Rothschild Asset Management Inc. now owns 14,797 shares of the specialty retailer’s stock valued at $802,000 after buying an additional 5,023 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Tractor Supply by 6.8% in the second quarter. Great West Life Assurance Co. Can now owns 92,207 shares of the specialty retailer’s stock valued at $4,991,000 after buying an additional 5,895 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Tractor Supply during the second quarter valued at about $392,000. FineMark National Bank & Trust boosted its position in shares of Tractor Supply by 32.5% in the second quarter. FineMark National Bank & Trust now owns 5,381 shares of the specialty retailer’s stock valued at $292,000 after buying an additional 1,320 shares during the period. Finally, Copeland Capital Management LLC boosted its position in shares of Tractor Supply by 0.9% in the second quarter. Copeland Capital Management LLC now owns 108,048 shares of the specialty retailer’s stock valued at $5,857,000 after buying an additional 918 shares during the period. 91.37% of the stock is owned by institutional investors and hedge funds.

Shares of Tractor Supply Company (NASDAQ:TSCO) opened at 53.49 on Friday. The firm’s 50-day moving average price is $53.46 and its 200 day moving average price is $62.52. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 16.17 and a beta of 1.32. Tractor Supply Company has a 1-year low of $49.87 and a 1-year high of $87.10.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.27 by $0.02. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the business earned $1.16 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts expect that Tractor Supply Company will post $3.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.02%. Tractor Supply’s dividend payout ratio (DPR) is 32.53%.

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Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on Tractor Supply from $57.00 to $58.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Credit Suisse Group set a $54.00 price objective on Tractor Supply and gave the company a “hold” rating in a report on Thursday, July 27th. Deutsche Bank AG reissued a “hold” rating and issued a $54.00 price objective (down previously from $69.00) on shares of Tractor Supply in a report on Thursday, July 27th. Guggenheim reissued a “buy” rating and issued a $70.00 price objective (down previously from $80.00) on shares of Tractor Supply in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Tractor Supply in a report on Thursday, July 27th. Nineteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $74.91.

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

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