Texas Permanent School Fund Sells 2,073 Shares of Tractor Supply Company (NASDAQ:TSCO)
Texas Permanent School Fund reduced its stake in Tractor Supply Company (NASDAQ:TSCO) by 5.4% during the second quarter, Holdings Channel reports. The firm owned 36,124 shares of the specialty retailer’s stock after selling 2,073 shares during the period. Texas Permanent School Fund’s holdings in Tractor Supply were worth $1,958,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in TSCO. UBS Asset Management Americas Inc. increased its stake in shares of Tractor Supply by 0.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 322,496 shares of the specialty retailer’s stock valued at $24,449,000 after buying an additional 2,568 shares during the period. 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. Private Trust Co. NA bought a new stake in shares of Tractor Supply during the first quarter valued at about $473,000. Finally, 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. 91.37% of the stock is currently owned by institutional investors and hedge funds.
Tractor Supply Company (NASDAQ TSCO) opened at 53.49 on Friday. The company has a 50 day moving average price of $53.46 and a 200-day moving average price of $62.52. The firm has a market capitalization of $6.86 billion, a PE ratio of 16.17 and a beta of 1.32. Tractor Supply Company has a one year low of $49.87 and a one 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.02. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $1.16 earnings per share. On average, equities analysts predict that Tractor Supply Company will post $3.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.08 annualized dividend and a yield of 2.02%. Tractor Supply’s dividend payout ratio (DPR) is presently 32.53%.
TSCO has been the topic of several recent research reports. SunTrust Banks, Inc. reissued a “hold” rating and issued a $79.00 price target (down previously from $80.00) on shares of Tractor Supply in a report on Friday, April 14th. Guggenheim reissued a “buy” rating and issued a $85.00 price target on shares of Tractor Supply in a report on Friday, April 14th. Royal Bank Of Canada cut their price target on Tractor Supply from $72.00 to $67.00 and set a “sector perform” rating on the stock in a report on Thursday, April 27th. Zacks Investment Research raised Tractor Supply from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. Finally, Oppenheimer Holdings, Inc. set a $88.00 target price on Tractor Supply and gave the company a “buy” rating in a research note on Thursday, April 27th. Nineteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus 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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