Korea Investment CORP boosted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 102.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,618 shares of the specialty retailer’s stock after buying an additional 14,505 shares during the period. Korea Investment CORP’s holdings in Tractor Supply were worth $1,551,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. increased its stake in shares of Tractor Supply by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 115,209 shares of the specialty retailer’s stock valued at $7,946,000 after buying an additional 3,733 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Tractor Supply by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 40,628 shares of the specialty retailer’s stock valued at $2,802,000 after buying an additional 650 shares during the period. DnB Asset Management AS increased its stake in shares of Tractor Supply by 13.2% in the first quarter. DnB Asset Management AS now owns 15,400 shares of the specialty retailer’s stock valued at $1,062,000 after buying an additional 1,800 shares during the period. Patten & Patten Inc. TN increased its stake in shares of Tractor Supply by 2.0% in the first quarter. Patten & Patten Inc. TN now owns 167,477 shares of the specialty retailer’s stock valued at $11,551,000 after buying an additional 3,289 shares during the period. Finally, Alta Capital Management LLC increased its stake in shares of Tractor Supply by 10.3% in the first quarter. Alta Capital Management LLC now owns 243,244 shares of the specialty retailer’s stock valued at $16,776,000 after buying an additional 22,710 shares during the period. 90.60% of the stock is owned by institutional investors.

Shares of Tractor Supply Company (TSCO) opened at 54.03 on Tuesday. Tractor Supply Company has a 12 month low of $49.87 and a 12 month high of $86.39. The stock’s 50 day moving average is $53.49 and its 200 day moving average is $62.18. The company has a market capitalization of $6.93 billion, a P/E ratio of 16.33 and a beta of 1.32.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the consensus estimate of $1.27 by $0.02. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $1.16 earnings per share. On average, equities analysts predict that Tractor Supply Company will post $3.25 EPS 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 issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, August 17th. Tractor Supply’s dividend payout ratio (DPR) is currently 32.53%.

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TSCO has been the subject of several analyst reports. Guggenheim reduced their price target on shares of Tractor Supply from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Monday, April 17th. Royal Bank Of Canada reduced their price target on shares of Tractor Supply from $72.00 to $67.00 and set a “sector perform” rating for the company in a research report on Thursday, April 27th. Zacks Investment Research raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. Oppenheimer Holdings, Inc. set a $88.00 price target on shares of Tractor Supply and gave the company a “buy” rating in a research report on Thursday, April 27th. Finally, UBS AG reissued a “buy” rating and set a $75.00 price target (down previously from $86.00) on shares of Tractor Supply in a research report on Friday, April 28th. Nineteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Tractor Supply presently has an average rating of “Hold” and a consensus target price of $74.91.

About Tractor Supply

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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