Shell Asset Management Co. continued to hold its position in shares of Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,695 shares of the specialty retailer’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Tractor Supply were worth $851,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Copeland Capital Management LLC raised 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 worth $5,857,000 after buying an additional 918 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of Tractor Supply by 6.5% in the second quarter. Conestoga Capital Advisors LLC now owns 7,055 shares of the specialty retailer’s stock worth $382,000 after buying an additional 430 shares during the period. Mount Vernon Associates Inc. MD raised its position in shares of Tractor Supply by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 17,380 shares of the specialty retailer’s stock worth $942,000 after buying an additional 75 shares during the period. BB&T Corp raised its position in shares of Tractor Supply by 119.2% in the second quarter. BB&T Corp now owns 25,922 shares of the specialty retailer’s stock worth $1,405,000 after buying an additional 14,094 shares during the period. Finally, US Bancorp DE raised its position in shares of Tractor Supply by 33.2% in the second quarter. US Bancorp DE now owns 167,101 shares of the specialty retailer’s stock worth $9,059,000 after buying an additional 41,640 shares during the period. Institutional investors own 91.37% of the company’s stock.

Tractor Supply Company (TSCO) opened at 55.49 on Thursday. The company’s 50-day moving average price is $53.42 and its 200 day moving average price is $62.74. Tractor Supply Company has a 52-week low of $49.87 and a 52-week high of $87.10. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 16.77 and a beta of 1.32.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.02. Tractor Supply had a net margin of 7.96% and a return on equity of 46.66%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the business earned $1.16 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities analysts predict that Tractor Supply Company will post $3.25 earnings per share for the current fiscal year.

The company also recently declared 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. This represents a $1.08 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, August 17th. Tractor Supply’s dividend payout ratio is 32.53%.

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A number of brokerages have issued reports on TSCO. BMO Capital Markets boosted their price target on Tractor Supply from $57.00 to $58.00 and gave the stock a “market perform” rating in a research 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 restated 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 restated 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. restated a “hold” rating on shares of Tractor Supply in a report on Thursday, July 27th. Nineteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average 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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